Rising interest rates and a ‘talent war’ are dampening enthusiasm for the multi-manager strategy
Plus, a star City trader enters the next phase of his career and ValueAct becomes the latest activist to storm Disney
The 75-year-old owner has no intention of retiring but has emphasised the firm’s transition to shared leadership
Plus, Qatar bets on India’s Ambani and Turkey is enjoying an IPO renaissance
Plan set out in letter to employees will see departure of co-CIO Bobby Jain
Izzy Englander’s Millennium Management had invested $4.4bn in blank-cheque companies at end of 2020
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