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...The firm, one of the world’s most prominent multi-manager hedge funds, has 5,500 employees globally and more than 300 investment teams trading a range of different strategies within strict risk limits....
...Toyota has already unwound some of its cross-shareholdings to mobilise resources for the massive investments needed in battery electric vehicles and technology....
...Last year, Citadel Securities sold a 5 per cent stake to venture capitalists Sequoia and Paradigm for $1.2bn, valuing the firm at about $22bn and stoking expectations of an eventual public listing....
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
...Citadel made a record $16bn in 2022 to displace Bridgewater as the most successful hedge fund of all time, according to research by LCH Investments....
...But the Labour leader’s volte-face on his green investment plan showed how hard that is, even in opposition....
...Its $400mn convertible looks relatively cheap, yielding 4 to 4.5 per cent for a duration of 7.5 years. Viavi might have had to pay perhaps 8 per cent for a loan of similar size and duration....
...What comes first — tax cuts or green investment?”...
...Cannae pays a 1.5 per cent annual management fee, roughly $40mn, to another Foley affiliate....
...Citadel, which manages roughly $61bn, made a record $16bn in profit for investors in 2022, according to research from LCH Investments....
...Its shares traded at around $5 on Tuesday versus a peak of $82 in August. The global EV crown is up for grabs as brand loyalty towards gas-powered cars fades....
...Initial public offerings have yet to rev up for 2024, but later today the Palmer Square Capital BDC will start trading on the New York Stock Exchange, after pricing 5.45mn shares at $16.45 a piece yesterday...
...Millennium and DE Shaw, which are multi-strategy firms, took joint second place in the all-time rankings, making $5.7bn and $4.2bn last year respectively....
...Since 1936, S&P 500 dividend yields have averaged 3.5 per cent, but in the past 12 months, that yield was just 1.5 per cent....
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...The cuts largely related to non-investment roles in areas such as technology and back-office services, the person added....
...Think about what a high-yield bond investor was seeing at the end of October 2023: some good inflation news, falling Treasury yields, 9.5 per cent HY yields, dollar prices in the 80s [cents on the dollar...
...$5.6bn out of Grayscale’s product....
...Still, though, the bank’s new credit rating, two notches below investment-grade, includes the likes of AT&T and Walgreens. It isn’t yet obvious this is a bank failure waiting to happen. Disagree?...
...But at only 4.4 per cent, according to Statcounter, its share of the global search market hardly represents a threat yet to Google, which has 89.5 per cent....
...Out of 8,212 funds with approximately $17 trillion in assets (about 55.9 percent of the U.S. fund market), 57 percent of actively managed mutual funds and ETFs survived and beat their average passive counterpart...
...The independent accountant’s report states that the assets include cash, cash equivalents, and short-term highly liquid investments, all denominated in U.S. dollars....
...“But when you start at 5 cents on the dollar and you get 15, that’s a heck of a return.”...
...— At the same time, the U.S. faces a shortage of residential housing....
...The QIA is Barclays’ second-biggest shareholder, according to Bloomberg data, and the stock sale is expected to reduce its stake from 5.3 per cent to 2.9 per cent....
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