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...One option includes turning it into a cash-shell company that pursues acquisitions in new industries, the 63-year-old billionaire told the Financial Times in a rare interview....
...Since taking over AssetCo, a cash shell company, Gilbert — who now also chairs digital money app Revolut — has focused on acquiring other asset managers....
...At worst, there is a real conflict of interest,” said Rodney Muse, managing partner at Malaysia-based Navis Capital, which in 2021 closed a $450mn continuation fund with investments in five companies....
...That process has involved streamlining the senior management team, re-emphasising the oil and gas business and trimming less profitable parts of the company’s low-carbon portfolio....
...Shell has claimed its targets are already Paris-aligned but the activist group wanted the company to do better....
...Some companies might also worry about having assets locked up, as private credit funds are relatively illiquid, Wong said....
...The state-run company said it fully recognised the current allocation value of the A-share market and had recently expanded its holdings of exchange traded funds....
...For one thing, management seems to have traded English understatement for American optimism....
...It is building a facility in Penang, but some US lawmakers already want to restrict American companies from collaborating on RISC-V projects....
...The company is also set to hire Steve Hill, the former head of liquefied natural gas, natural gas and power trading at Shell....
...NOL shell companies are not entirely unprecedented....
...Speaking outside the court, Wong said they would begin by meeting management to understand the affairs of the company and discuss next steps....
...AssetCo, a cash shell that Gilbert took over in 2021, focuses on acquiring asset managers....
...“We need these [asset management] companies to be acting on the right side of history. We need them to be helping lead the charge in the way that they were,” he said....
...Despite Signifier’s losses Tripathi lived a glamorous lifestyle with a chauffeur-driven Bentley and an estimated £20mn townhouse in Belgravia owned through a British Virgin Islands shell company, according...
...PFZW, through its asset management division PGGM, will step down from leading climate negotiations with Shell on behalf of the Climate Action 100+ (CA100+) investor group comprising $68tn in assets....
...Or sometimes I call them cave dwellers, C-A-V-E — consistently against virtually everything. Isabel Berwick(Laughter) That’s brilliant....
...Here’s an interesting business school-style case study by Christopher Tang of the UCLA Anderson School of Management....
...Shell alone has contributed almost a third of the FTSE 100’s gains in 2024....
...Nasa asked Raymond Loewy to help turn the hull of the third stage of a Saturn V rocket into a home in which a three-man crew could live for three months at a time....
...Smagin was able to obtain a freezing order on Yegiazaryan’s California assets, but in response, he moved his money through a series of shell companies to his Monaco account at CMB....
...There, he worked at KPMG alongside Tiffany Wong....
...Two senior women are leaving BP in the first big changes to the company’s management team since the departure last year of chief executive Bernard Looney in a scandal over his past relationships with colleagues.Chief...
...John Wood Group, the FTSE 250 engineering services company, should either move its listing to the US or consider a sale, activist investor Sparta Capital Management said on Tuesday....
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