Stephen A. Jarislowsky, Admired Canada Fund Manager, Dies at 101Stephen A. Jarislowsky, who founded one of Canada’s largest fund-management firms and took on large corporations on behalf of small shareholders, has died. He was 101.
Blackstone Collects $1 Billion for Credit Continuation FundBlackstone Inc. has raised roughly $1 billion for a private credit continuation fund, cashing out its existing investors as it continues to manage its loan portfolio.
Blue Origin Funding Round Lifts Jeff Bezos to World’s Second-RichestBlue Origin’s $140 billion valuation from its latest funding round has boosted Jeff Bezos’ fortune by $87 billion, making him the second-richest person in the world.
Miami Developer Gains $1 Billion Windfall From Griffin’s Real Estate BuyMoishe Mana arrived in Miami in 2009 and started snapping up property in the Wynwood district, a warren of vacant lots and warehouses where graffiti adorned the walls and the low-end rattle of sound systems from underground raves filled the night air.
Tiger Global Poised for $5 Billion Windfall From OpenAI BetA year before OpenAI released ChatGPT to the public, Sam Altman called Tiger Global Management founder Chase Coleman with a pitch: become one of the few institutional investors in his startup at a $15.7 billion valuation.
Billionaire Weston Expands Bet on Beauty and GLP-1s With BootsWhen running his family’s grocery empire, billionaire Galen Weston’s biggest bet was an expansion into pharmacies. That chain has become the Canadian company’s most profitable business.
RBC’s Decade of Growth Puts It in Goldman’s Market-Value LeagueRoyal Bank of Canada has climbed into the same market-value tier as Goldman Sachs Group Inc. and is worth more than Wells Fargo & Co. and Citigroup Inc., underscoring how a decade of expansion at home and abroad has pushed the Canadian lender into the upper ranks of North America’s most valuable banks.
Executives Take Pay Cuts Over Staff Misconduct at Prudential JapanTop executives at Prudential Financial Inc.’s Japan unit will take pay cuts after a panel of outside experts issued a report on widespread employee misconduct involving customers’ money.
Hedge Fund Rokos Returned 4.2% in Turbulent Month for TradingChris Rokos’s macro hedge fund made 4.2% last month when many others eked out meager returns amid challenging trading conditions caused by global bond market volatility.
Patrizia Plans to Invest £1 Billion in Building UK HousesPatrizia SE plans to invest £1 billion ($1.3 billion) in UK housing developments following a meeting between the company’s chief executive officer and Prime Minister Andy Burnham.
RBC Seeks to Block H&R’s Breakup and Sale to Blackstone, OthersRBC Global Asset Management says it will vote against the breakup and sale of Canada’s H&R Real Estate Investment Trust, adding to opposition on a deal that would give Blackstone Inc. a collection of industrial properties in Canada.
Fear of Rising Interest Rates Puts Off Britain’s HousebuyersBritish property agents say aspiring homebuyers are retreating to the sidelines as the Bank of England considers raising interest rates.
Jane Street Tells Court Firm Has No Motive to Delay India ProbeJane Street Group LLC said it has no incentive to delay the Indian regulator’s investigation into alleged market manipulation as the Wall Street trading giant has to protect its reputation globally.