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Stock impact report

Barings Sues Corinthia, Ian Fowler Over Private Credit Defection [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
private credit asset manager poached more than 20 employees in one of the largest team lifts at an alternative asset manager in recent years. Most Read from Bloomberg Apple Is in Talks to Let Google Gemini Power iPhone AI Features Putin Warns Russia Won't Stop After Predictable Election Win Saudi Wealth Fund Is in Talks to Acquire National Airline Top Solar Firm Longi Plans Thousands of Job Cuts on Glut China's Growth Bump May Dent Urgency for More Stimulus The poaching shocked the private credit industry, which has grown to $1.7 trillion in assets under management globally. The asset class has expanded quickly as more firms seek exposure to a corner of the loan market that can be less volatile and offer higher returns, but starting a new asset manager remains difficult given the limited talent pool in the niche. Corinthia, a new private credit manager backed by Nomura Holdings Inc., officially launched last Thursday after hiring Barings employees from London and the U Show less Read more
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