This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,034 !* We also benefited from significant fair value appreciation and the value of our External Investment Manager due to a combination of the continued increase in fee income, growth in assets under management, and broader market-based drivers.
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,329 !* billion were up $808 million or 4% year on year, driven by compensation including revenue-related compensation and growth in employees, partially offset by lower legal expense. Asset and wealth management reported net income of $1.4 Expenses of $8.8
It's literally the worst year we've had since 1995, even worse than 2008. So, there's definitely what we call risk management. So, there's some risk managementfees because just our legal costs are going up significantly. If I were to characterize 2023, I would call it the year of operational excellence.
So to clarify, some people’s called activity fees, the the profit participation is only on returns over and above what the SPF is generally. So it’s actually, I would say, even more advantageous and that our managementfees are a prepayment on future often. Each are issues and legal issues and administration issues.
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $41,999 !* And thus, our asset management team that has done a superb job on the public side, both here in the U.S. as well as in the international markets in London, they will continue to manage these assets. That's benefit number two.
MIELLE: After 2008? RITHOLTZ: 2008, ’09. MIELLE: And then the biggest luck of it all, is I joined Canyon in the ‘90s and there was a tsunami that literally lifted all waves of hedge funds from ‘90 to 2008 and even beyond. I guess other than Lehman Brothers, most of them were either rescued or absorbed into another entity.
Excluding the prior year's net investment securities losses, it was up 21%, largely on higher asset managementfees and investment banking fees. Apple: if you invested $1,000 when we doubled down in 2008, youd have $44,179 !* Then to complete our lines of business, asset and wealth management on Page 7.
The largest investment management firm in the world lowered the expense ratio on 168 of its mutual funds and exchange-traded funds (ETFs). The expense ratio is paid by investors and helps cover operating costs for running the fund, including managementfees (if applicable), marketing and administrative expenses, legalfees, and much more.
That restores a board seat the deputy minister held at AIMCo’s inception in 2008, which was removed a year later Three other former AIMCo directors, who were dismissed on Nov. AIMCo’s chief people, culture and engagement officer, chief legal officer and chief of staff were also dismissed on Nov.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content