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Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
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US Billionaire Bill Ackman Accuses Uber Of "Ripping Off" Cab Driver, CEO Reacts
American billionaire hedge fund manager Bill Ackman recently accused Uber of "stealing tips" from its driver, before retracting his statement after getting clarification from the company.
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BlackRock CEO Labels Bitcoin as International Asset as Firm Awaits Approval for BTC ETF Listing
Crypto assets will be used to digitise gold, Larry Fink, the CEO of BlackRock, said in his statement. In a suggestion to the US regulators, Fink said that ETF filings could democratise cryptocurrencies because investors will have an option to choose BTC, or other crypto assets could be used as a hedge against inflation.
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Sam Bankman-Fried Loses Bid for Dismissal of Criminal Charges Over FTX's Collapse
A federal judge on Tuesday rejected Sam Bankman-Fried's request to dismiss most of the US government's criminal case accusing him of orchestrating a multibillion-dollar fraud. The decision paves the way for an October 2 trial of the FTX founder. Prosecutors accused Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses a...
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Hedge Funds Hunting for Adani Bargains Are Using This Playbook
Battered down bond prices and heightened price swings on many Adani securities have drawn in new investors, according to hedge fund managers, traders and investors.
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Indian Debt Attractive, But Headwinds Deter Foreign Flows: Fund Managers
Foreign investors are unlikely to enter the Indian government debt market, despite attractive valuations, deterred by near-term headwinds, including a depreciating rupee and high hedging costs.
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Hedge Fund Elliott Sold Twitter Stock Before Elon Musk’s Takeover Negotiations
Elliott Management exited the Twitter stock during the second quarter after Elon Musk announced plans to buy the social media company, a regulatory filing showed. Therefore, Elliott no longer owned any common stock in Twitter on June 30. It had owned 10 million shares at the end of the first quarter.
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Toshiba Board Gains 2 Directors From Activist Hedge Funds, in Historic Shift
Toshiba shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday - an inclusion that is expected to add momentum to its exploration of potential buyout deals.
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Prominent Hedge Funds Invested in Twitter Before Musk Revealed Buyout Plan
Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter during the first quarter, putting them on course to reap big gains early in the second quarter when billionaire Elon Musk unveiled plans to buy the company.
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Bitcoin Doesn't Make a Great Deal of Sense: Billionaire Investor Lee Cooperman
Cryptocurrency has been growing rapidly over the past year, but many investors are yet not sure about it. One of them is Lee Cooperman. The US billionaire investor and hedge fund manager says he still does not understand Bitcoin.
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Twitter Appoints Mimi Alemayehou to Replace Elliott’s Jesse Cohn as New Board Member
Twitter appointed development finance executive Mimi Alemayehou to its board of directors to replace Elliott Management partner Jesse Cohn, after the activist hedge fund helped create a blueprint for changes that led to a doubling of the social media firm's share price.
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Cryptocurrency Investments Top $5.6 Billion in 2020, Up by 600 Percent: Report
Total investments into cryptocurrency funds and products have touched $5.6 billion (roughly R. 41,400 crores) so far this year, according to data from asset management firm CoinShares. Inflows into investment crypto investment products totaled $335 million (roughly Rs. 2,500 crores) as of Friday, with bitcoin flows accounting for $792.1 million (ro...
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Fisker Raises $50 Million Funding; Will Be Used For Development Of Ocean Electric SUV
American electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M. Bacon.
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Activist Fund Builds Stake In Twitter, Seeks Jack Dorsey's Exit: Report
Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company's chief executive, Jack Dorsey, two people familiar with the matter said on Friday.
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Indian-Origin CEO Sentenced To Over 4 Years In Prison For Securities Fraud
An Indian-origin CEO was sentenced to over four years in prison after being convicted of securities fraud for his participation in a scheme to inflate the net asset value for hedge funds managed by the company by over USD 100 million.
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Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
-
US Billionaire Bill Ackman Accuses Uber Of "Ripping Off" Cab Driver, CEO Reacts
American billionaire hedge fund manager Bill Ackman recently accused Uber of "stealing tips" from its driver, before retracting his statement after getting clarification from the company.
-
BlackRock CEO Labels Bitcoin as International Asset as Firm Awaits Approval for BTC ETF Listing
Crypto assets will be used to digitise gold, Larry Fink, the CEO of BlackRock, said in his statement. In a suggestion to the US regulators, Fink said that ETF filings could democratise cryptocurrencies because investors will have an option to choose BTC, or other crypto assets could be used as a hedge against inflation.
-
Sam Bankman-Fried Loses Bid for Dismissal of Criminal Charges Over FTX's Collapse
A federal judge on Tuesday rejected Sam Bankman-Fried's request to dismiss most of the US government's criminal case accusing him of orchestrating a multibillion-dollar fraud. The decision paves the way for an October 2 trial of the FTX founder. Prosecutors accused Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses a...
-
Hedge Funds Hunting for Adani Bargains Are Using This Playbook
Battered down bond prices and heightened price swings on many Adani securities have drawn in new investors, according to hedge fund managers, traders and investors.
-
Indian Debt Attractive, But Headwinds Deter Foreign Flows: Fund Managers
Foreign investors are unlikely to enter the Indian government debt market, despite attractive valuations, deterred by near-term headwinds, including a depreciating rupee and high hedging costs.
-
Hedge Fund Elliott Sold Twitter Stock Before Elon Musk’s Takeover Negotiations
Elliott Management exited the Twitter stock during the second quarter after Elon Musk announced plans to buy the social media company, a regulatory filing showed. Therefore, Elliott no longer owned any common stock in Twitter on June 30. It had owned 10 million shares at the end of the first quarter.
-
Toshiba Board Gains 2 Directors From Activist Hedge Funds, in Historic Shift
Toshiba shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday - an inclusion that is expected to add momentum to its exploration of potential buyout deals.
-
Prominent Hedge Funds Invested in Twitter Before Musk Revealed Buyout Plan
Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter during the first quarter, putting them on course to reap big gains early in the second quarter when billionaire Elon Musk unveiled plans to buy the company.
-
Bitcoin Doesn't Make a Great Deal of Sense: Billionaire Investor Lee Cooperman
Cryptocurrency has been growing rapidly over the past year, but many investors are yet not sure about it. One of them is Lee Cooperman. The US billionaire investor and hedge fund manager says he still does not understand Bitcoin.
-
Twitter Appoints Mimi Alemayehou to Replace Elliott’s Jesse Cohn as New Board Member
Twitter appointed development finance executive Mimi Alemayehou to its board of directors to replace Elliott Management partner Jesse Cohn, after the activist hedge fund helped create a blueprint for changes that led to a doubling of the social media firm's share price.
-
Cryptocurrency Investments Top $5.6 Billion in 2020, Up by 600 Percent: Report
Total investments into cryptocurrency funds and products have touched $5.6 billion (roughly R. 41,400 crores) so far this year, according to data from asset management firm CoinShares. Inflows into investment crypto investment products totaled $335 million (roughly Rs. 2,500 crores) as of Friday, with bitcoin flows accounting for $792.1 million (ro...
-
Fisker Raises $50 Million Funding; Will Be Used For Development Of Ocean Electric SUV
American electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M. Bacon.
-
Activist Fund Builds Stake In Twitter, Seeks Jack Dorsey's Exit: Report
Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company's chief executive, Jack Dorsey, two people familiar with the matter said on Friday.
-
Indian-Origin CEO Sentenced To Over 4 Years In Prison For Securities Fraud
An Indian-origin CEO was sentenced to over four years in prison after being convicted of securities fraud for his participation in a scheme to inflate the net asset value for hedge funds managed by the company by over USD 100 million.
