Imagine this: the US Treasury is checking out JPMorgan Chase, one of the biggest banks in the US. Why? Because they're interested in the bank's relationship with a hedge fund called Ocean Leonid Investments Ltd. This hedge fund has some connections to a big shot in the Iranian oil business, Hossein Shamkhani. The investigation started after Dubai's financial free zon...
CVS Health has bolstered its board of directors, adding four new members, including the CEO of a hedge fund that has been vocal about the company’s struggles. The latest development comes after productive discussions with shareholder Glenview Capital Management, which holds about a 1% stake in CVS Health. The company has previously stated that CVS Health is not opera...
In Pennsylvania, the race for a U. S. Senate seat is heating up. Republicans and Democrats are investing millions in ads to sway voters. One Republican hopeful, Dave McCormick, is facing criticism due to his past as the head of a hedge fund called Bridgewater Capital. This fund is well-known for its intense work culture. A recent ad by his Democratic opponent, Sen. B...
Ever heard of True Religion? It's that jeans brand from the early 2000s known for its flashy designs and celebrity fans. Well, it seems like they might be up for sale! The company that owns True Religion is looking into selling it after a tough decade filled with bankruptcies. But things are looking up now – their sales jumped by around 20% last year, bringing in abo...
In the world of finance, a common assumption is that technology stocks thrive in an environment of low interest rates. This notion is rooted in the idea that tech companies often promise future profits in exchange for present-day funding, making them more attractive to investors when returns are low elsewhere. However, the past two years have defied this narrative, w...
The past week has been a rollercoaster ride for the crypto market, with a sell-off that wiped out $367 billion in value. But instead of fleeing, institutional investors took advantage of the dip to buy in. Spot ether exchange-traded funds saw net inflows of around $120 million, with most traders buying in on Monday and Tuesday when ether was down 42% from its March p...
Two of New York's most powerful figures, hedge fund titan Boaz Weinstein and former Manhattan District Attorney candidate Tali Farhadian, are calling it quits after 14 years of marriage. The couple, known for their high-stakes careers and lavish lifestyle, have been facing divorce proceedings with contested terms. This divorce is not just a family affair; it's a high...
Brown University is embroiled in a heated controversy over a proposed divestment vote from companies with ties to Israel, sparking accusations of antisemitism and raising fundamental questions about the role of universities in political activism. Joseph Edelman, a prominent hedge fund manager and Brown trustee, publicly resigned in protest, labeling the university's...