Hints and tips:
...In October G4S said California-based Allied Universal Security Services had made a tentative, friendly 210p-per-share approach — though, when G4S responded quickly that this was too low, Allied’s executives...
...(WSJ) News round-up Germany’s Metro warns Kretinsky bid would burden the company (FT) Vivendi to appoint banks on Thursday for sale of Universal stake (Reuters) Kraft Heinz pulls back on asset sales...
...However despite increasing revenues, Spotify has not been able to generate a profit and it lacks any real asset, other than its user base....
...• Michael Reinhard will move in April to Universal Investment as chief operating officer for the €355bn German fund service provider. Mr Reinhard is joining from Axa IM....
...When markets are doing well, banks tend to do well, as companies feel better about doing deals and raising money, investors put on a lot of trades, and asset management arms benefit from big inflows....
...Mike Platt, the flamboyant founder of BlueCrest Capital Management, announced this week he is pushing out his external investors....
...Lehman disposed of its asset management business, Neuberger Berman, in 2009. Its European mezzanine business spun out as Neovara in 2010....
...A spin-off of Time Inc, valued by analysts at $3.2bn to $4.2bn will test investor appetite for publishing assets....
...Back in the late 1980s, Japan’s dealmakers made waves with their acquisitions of trophy assets such as Columbia Pictures in the US....
...The hedge fund grew from $870m in 2003 to manage assets of $32bn (£19.6bn) by 2011 – eclipsing its nearest rival, Soros Fund Management....
...The new fund brings the value of assets under management by Gores Group to more than $4bn....
...US universal banks and major Japanese banks were the only two other sub-sectors to lose money over the five-year period....
...Niklas Zennstrom and Janus Friis, who founded Joost in 2006, raised $45m from investors including Sequoia Capital, Index Ventures and Li Ka-shing, the Hong Kong tycoon, before launching the service to great...
...LLC; Carlyle Investment Management L.L.C.; Blackstone Capital Partners V L.P.; Centerbridge Capital Partners, L.P....
...Mr Hands hired Nick Gatfield, a well-regarded Universal executive, to run the all-important “artist and repertoire” division and freed talent scouts from management duties....
...Prior to becoming CFO, Ms Callan headed an investment banking unit at Lehman focusing on alternative asset managers....
...This has taken the business model closer to the wonderfully stable revenue stream produced by traditional asset management....
...CSFB will also attempt to build closer ties to the parent's private bank and boost its alternative asset management business....
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