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TPG's Jon Winkelried tops private equity CEO compensation rankings
TPG CEO Jon Winkelried's total adjusted compensation increased nearly six times over the prior-year rate to make him the highest-paid executive leading a listed US private equity firm in 2023. The CEOs for three of the four largest US-listed private equity firms comprised the rest of the top five: Harvey Schwartz of The Carlyle Group, Stephen Schwarzman of Blackstone, and KKR & Co. co-CEOs Joseph Yong Bae and Scott Nuttall.
Why $48 billion Viking Global is focused on its talent pipeline
Viking Global decided to hire more analysts four years ago to keep its talent pipeline strong. The Tiger Cub said the approach had "borne fruit" as half of its PM ranks were promoted from within. The manager is known for constantly replenishing top talent as many leave to launch their own funds.
Millennium’s equities co-head Peter Santoro to move to London
Peter Santoro, Millennium Management’s New York-based co-head of equities, is moving to London as part of the multistrategy hedge fund firm’s wider expansion outside the US. Santoro, who runs the equities business of the asset manager along with Michael Chung, is expected to be based in London by fall, people with knowledge of the matter said. Chung will remain in New York.
Tiger backs ex-Engine No. 1 executive Charlie Penner’s new activist fund
Charlie Penner, who spearheaded a historic shareholder campaign against Exxon Mobil Corp. more than three years ago, got backing from the late Julian Robertson’s Tiger Management for a new fund that will press corporations for change. Penner is starting his firm, Ananym Capital Management, with Alex Silver, a former partner at activist fund P2 Capital Partners.
James Dyson’s family office names new CIO for $18 billion empire
British billionaire James Dyson’s family office promoted Jane Simpson to run its financial investments unit, making her one of the top female money managers for the world’s super-rich. Simpson recently took over as Weybourne’s chief investment officer following the departure of Bjorn Thelander who previously held the role, according to people with knowledge of the matter.
Former Instinet sales head joins IntelligentCross as MD
John Bajus has left his role as Instinet, where he most recently served as head Americas execution sales, to join US equities trading venue IntelligentCross, part of AI powered trading platform company, Imperative Execution. In his new role he will serve as managing director, business development.
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