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...“When you see us end up in a scale minority position, we are coming in to help the management team solve a problem, but it doesn’t make sense to do a full buyout,” said Durban....
...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...He is already proving a valuable addition to the Board and management teams.”...
...Billionaire Michael Platt’s BlueCrest Capital is planning to expand its number of trading teams by 10 per cent by the end of the year after a run of performance in which the family office has trounced many...
...The group agreed this week to take a 26.1 per cent interest in Victory Capital Holdings, a $2.8bn US-listed fund manager....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...In September, a rival bidding team made up of I Squared Capital and TDR Capital entered the fray with a €9.75 a share offer....
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
...Its largest holdings included Alphabet, Canadian National Railway, Visa, General Electric and rating agency Moody’s as at the end of September, according to a regulatory filing....
...Chelsea co-owner Todd Boehly’s Eldridge Industries is in advanced talks to buy European private credit firm Hayfin Capital Management....
...By comparison, JPMorgan Chase had $699bn in non-consumer loans outstanding at the end of the first quarter, down $3bn on the prior three months, according to securities filings....
...While combating global warming is a priority at Banga’s World Bank, there have been other motivations at work in stimulating private capital....
...In January 2023, New York-based Quintessential Capital Management published a report alleging Darktrace appeared to have simulated or anticipated sales to “phantom” customers through a “network of willing...
...The reworked deal announced on Wednesday ends that management arrangement....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...At its annual investor meeting on Wednesday, its billionaire co-heads Egon Durban and Greg Mondre laid out the errors they had made at the tail-end of a pandemic-fuelled boom in tech stocks....
...Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...In a further sign of support, the Chinese capital has started road-testing unmanned police patrol vehicles....
...His investment nous won him admirers among Wall Street royalty including Oaktree Capital Management co-founder Howard Marks and Blackstone’s Stephen Schwarzman....
...The US condemned the attack on the True Confidence and urged other countries to do the same and join Washington in helping to bring the continuing attacks to an end....
...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....
...Instead of an annual management fee, the manager passes all costs to its end investors, covering costs such as office rents, technology and data, salaries, bonuses and client entertainment....
...Apparently, Apollo Global Management has other priorities....
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