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...Amazon founder Bezos sold 50mn shares worth $8.5bn in the ecommerce group in February....
...Its five-year annualised return of 2.8 per cent trails almost all mid-cap growth and technology funds over the same span....
...In the year to the end of August, Millennium gained 5.5 per cent, Schonfeld was roughly flat, and Citadel was up 10.8 per cent, according to investors....
...That’s only a narrow increase on 2022, but a 78.8 per cent increase just since 2020....
...Last year it capped investments in its flagship vehicle and cut about 8 per cent of its workforce in a shake-up after its founder Ray Dalio ceded control of the firm....
...Among other multi-manager funds, Eisler Capital, which has $4bn in assets, gained 9.8 per cent last year, according to a person familiar with the matter....
...Widening the aperture doesn’t help; dividend yields in the past 10 years averaged 1.8 per cent. Buybacks ate their lunch. And no one cared. The vast majority of people still don’t care....
...Viavi might have had to pay perhaps 8 per cent for a loan of similar size and duration. The telco can also pay interest in kind, which adds flexibility. Silver Lake is extracting its pound of flesh....
...The firm’s main fund is up about 1 per cent this year to October, while Millennium has returned 8.3 per cent in the same time period....
...In the last two months of the year, the HY bond market returned over 8 per cent. We call it a “lift-a-thon” — everything was getting bought....
...“If you buy Turkish sovereign and corporate bonds, you probably get no collateral,” he said, adding that yields were roughly 8 per cent....
...Already, platforms account for about a quarter of all hedge fund staff globally, despite having 8 per cent of the industry’s assets....
...Shares of the trust, which carries a market capitalisation of $3.6bn, fell more than 8 per cent in Wednesday trading....
...In Australia, high-growth superannuation funds used by the majority of younger savers have typically delivered 8.8 per cent annualised returns over the past decade....
...That deal valued Burger King at $8.1bn including debt; 3G received another $1.8bn in cash from the Spac deal and earlier capital return while continuing to own 71 per cent of the company....
...There is a good chance this will continue with the latest Pixel 8. But artificial intelligence-powered features such as face-swapping photo edits would not be able to claim credit for this....
...After the Financial Times reported activist pressure on Entain on Wednesday, the share price rose by 5.8 per cent to £8.80 in afternoon trading....
...In a statement on Wednesday, Disney said it was prepared to pay $8.6bn by December 1 for the remaining stake, which would value Hulu at $27.5bn....
...Google’s Cloud division, which turned its first operating profit this year, narrowly missed revenue forecasts, rising 22 per cent to $8.4bn compared with expectations for a gain of about 26 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 split also left Michael Dell owning 40 per cent of VMware, while Silver Lake owned 9.8 per cent....
...It also suffered from poor performance during the early days of the pandemic, when Hintze’s flagship fund took a 34.8 per cent hit as a result of structured credit bets....
...The hedge fund ultimately ended up owning 8 per cent of Apollo and more than doubled its money by the time it exited most of the position in early 2022....
...Origin shares fell more than 6 per cent to A$8.49 on Thursday as investors bet that the deal would fail. The takeover is an acid test for the country’s energy transition....
...News round-up Birkenstock valued at $8.6bn after pricing IPO in middle of range (FT) SEC disclosure changes press activists to reveal big stakes faster (FT) Ex-Patisserie Valerie finance chief and three...
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