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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Some staff accused managers of using messaging that lacked transparency, saying they were told that jobs were not “currently” at risk before the cuts were announced....
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...“To continue to grow we need a strong and united team,” a job offer for a branch manager reads....
...It drew in investors including US investment group GQG Partners and asset manager Fidelity....
...Liberty Global is pressing on with restructuring the telecoms empire assembled by its chair and so-called “cable cowboy” John Malone as the group struggles to revive its languishing share price....
...It has then pulled off a neat trick: units sales have fallen by a quarter but the closely watched “gross profit per unit” has reached $6,000, a record level....
...And the City’s asset managers, many of which report figures this week, remain squeezed by passive funds on one side and specialist boutiques on the other....
...This is not a luxury afforded to managers of unit trusts or exchange traded funds....
...US asset manager Vanguard will sell a unit that manages investments for not-for-profit organisations and other institutional investors to Mercer....
...L&G’s balance sheet investment unit was flat after a tougher second half for the property market, and its asset manager, Legal & General Investment Management, posted an expected fall in profit as higher...
...The Goldman unit is buying the stake from Italian asset manager Azimut, which will exit from Kennedy Lewis....
...The Goldman unit is buying the stake from Italian asset manager Azimut, which is exiting completely from Kennedy Lewis....
...But CVC ended up selling the company to US billionaire John Malone’s Liberty Media in a transaction valuing the sport at $8bn in 2016....
...You just take it as a unit. But there’s always stuff happening underneath the surface....
...“Even by the standards of modern American politics,” the rhetoric of Trump’s spokesperson can be “shocking”, writes the New Yorker’s Clare Malone....
...Recent investments come as F1 gains in popularity under the ownership of US group Liberty Media, which is controlled by telecoms billionaire John Malone....
...When a “polar vortex” hit Texas in 2021, the commodities unit — which piped fuel into the state as wholesale prices surged — generated an enormous profit....
...On Thursday, Bayer also announced the early departure of the head of its consumer health unit, Heiko Schipper, who will be replaced by Julio Triana, a senior manager in the group’s pharma division....
...We don’t run hedge funds within our . . . in our unit....
...Its De Beers diamond division and platinum metals unit have been hit by low prices....
...But the US remains a huge part of the unit’s income and costs. It has the highest cost/income ratio in the bank, at 89 per cent as of September....
...BlackRock, the world’s largest money manager, and Jio Financial Services each plan to invest up to $150mn in the 50-50 venture....
...While its Nigerian unit was hit, the telecoms company reported a 45 per cent increase in data traffic, and a 49 per cent jump in mobile money transactions....
...Such combinations bring challenges for managers and shareholders who must balance the winners and losers housed under the same roof....
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