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Plus, Apollo boss Marc Rowan signals the end of an era for private equity
Shares in Carnival, Royal Caribbean and Airbnb have surged as consumers keep spending
Chase Coleman’s hedge fund also makes investments in aerospace and healthcare
US markets are booming again and London is falling behind its rivals
UK exchange operator says it is working with US group in effort to harness new technology
Departure of top executive comes amid restructuring by chief executive Jane Fraser
Plus, Harvey Schwartz confronts a big challenge at Carlyle
Some insiders fear it could take years to replace top-tier bankers
Acquisition of activist manager’s ETFs is expected to complete in third quarter pending shareholder approval
Pinegrove Capital hopes to take advantage of plunging valuations of venture-backed groups
Swiss asset manager urges shareholders to reject advances from activist investors
Chief executive Harvey Schwartz vows to be ‘disciplined’ in plotting recovery for buyout group
Alternatives asset manager insists its disparate pieces fit together
Asian trustee of German payments firm admits fabricating documents
Market direction bets fail to deliver for hedge fund manager after two strong years
Barclays thinks so
Investors earning 5% in money market funds hold back from T Rowe Price, Franklin and other fund groups
The story of the China Investment Corporation reveals the secret world of state money and how the country finances its global ambitions
The most ambitious regulatory crossover event in banking history
New US rules are impractical and would send fees soaring, industry group says
Plus, GQG and the rightwing yoga evangelist, Japan’s ‘great repatriation’, and Portraits of Dogs at the Wallace Collection
The finding holds true even when researchers looked only at the environmental part of the metric
Request would have meant ‘the end of the crypto industry in the US’, according to Brian Armstrong
For-profit superfunds raise concerns about regulatory arbitrage but the need for them is much reduced after market changes
Flagship $68bn real estate fund turns net seller to meet redemptions and serve artificial intelligence boom
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