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...Cathie Wood’s Ark Investment Management is launching its first three active exchange traded funds in Europe, courting a new continent of investors after a run of poor performance and outflows in the US....
...Goldman Sachs’ global treasurer, Philip Berlinski, is leaving the bank after 24 years for New York-based hedge fund Millennium Management, according to two people familiar with the situation....
...He is already proving a valuable addition to the Board and management teams.”...
...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...Finally, in the second half of the 20th and early 21st centuries, the integrated circuit, personal computers, and the internet combined to compress the 10x increase in economic well-being as measured by...
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...Some multi-strategy firms, which trade a range of strategies, also performed well — including Citadel....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...In an annual letter to investors, Tiger recently expressed optimism that its largest private investments, such as Stripe, software company Databricks and ByteDance, were “performing well and should have...
...The evidence cited by the appeals court included testimony by one current and one former Apollo chief financial officer, as well as a high-level investor, that they believed Apollo, not the funds, was to...
...Schonfeld Strategic Advisors’ main fund gained 3 per cent last year, according to investors, while Dmitry Balyasny’s hedge fund Balyasny Asset Management ended the year up 2.7 per cent in its Atlas Enhanced...
...Cannae pays a 1.5 per cent annual management fee, roughly $40mn, to another Foley affiliate....
...Wells Fargo has partnered with asset manager Centerbridge to launch a $5bn private credit fund that will lend to mid-sized US companies, as banks race to find a toehold in the rapidly growing private credit...
...to mix without a fight: hedge funds and shipping....
...Endeavor never really caught the fancy of the large mutual funds. Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...Hedge fund launches have dwindled as a talent war has enticed portfolio managers to join large existing funds, while institutional investors have become pickier, reserving allocations for well-known managers...
...For Barings, which was well established in both the US and European markets, the mass defection has caused ructions at its $33bn private credit division....
...Investment Management....
...funds that were launched years ago for select clients of firms such as Wells Fargo and JPMorgan....
...Woodford, whose fund company Woodford Investment Management collapsed in 2019, said in a new blog that he hoped to shed light on the events that led to his fund’s demise....
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third....
...Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week....
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