Trusted Insighthttp://thetrustedinsight.com/2018-03-03T16:21:39.140199-05:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
State Pension Fund Trustees Fire Chief Investment Officer
2018-03-03T16:21:39.140199-05:00https://www.thetrustedinsight.com/investment-news/state-pension-fund-trustees-fire-chief-investment-officer-20180303910/
The trustees of the $16.9 billion public workers pension fund have fired their chief investment officer, instructing him on Monday to leave the offices of the Employees’ Retirement System and not return, according to sources familiar with the action.
Louisville Foundation Fires Chief Administrator Kathleen Smith
2017-06-28T15:21:25.633418-04:00https://www.thetrustedinsight.com/investment-news/louisville-foundation-fires-chief-administrator-kathleen-smith-20170628693/
The University of Louisville Foundation has fired Kathleen Smith, an aide to former university president James Ramsey, who named her acting chief administrative officer of the foundation before he resigned last year.
Asian Energy Firms Fired Up By Rally In Oil Prices
2017-05-19T15:51:47.952863-04:00https://www.thetrustedinsight.com/investment-news/asian-energy-firms-fired-up-by-rally-in-oil-prices-20170519708/
HONG KONG: Oil prices pressed on with fresh gains in Asian trade on Tuesday (May 16), boosting energy firms, after Russia and Saudi Arabia indicated they could extend an output cut into next year. The world's top two crude-producing nations raised the idea at the weekend, with a deal agreed ...
Renaissance And Two Sigma, Growing At Stunning Pace, Now Nation's 2nd Biggest Hedge Funds
2017-05-12T13:07:59.097523-04:00https://www.thetrustedinsight.com/investment-news/renaissance-and-two-sigma-growing-at-stunning-pace-now-nations-2nd-biggest-hedge-funds-20170512431/
Robert Mercer, co-CEO of quantitative hedge fund Renaissance Technologies, has been in the public eye this year because of his backing of Donald Trump. His political activities sparked a feud with an ex-employee who claims he was fired for criticizing the views of his boss. But none of this appears to have distracted or impacted Mercer’s business. Renaissance Technologies, which was founded by its billionaire chairman James Simons in 1982, has seen its assets under management swell amid strong performance and investor inflows. Renaissance Technologies now oversees $45 billion, a stunning jump from...
Ex-Employee Claims Trump-Backer Robert Mercer Wrongfully Fired Him For Expressing Political Views
2017-05-10T11:53:20.407080-04:00https://www.thetrustedinsight.com/investment-news/ex-employee-claims-trump-backer-robert-mercer-wrongfully-fired-him-for-expressing-political-views-20170510372/
David Magerman says Mercer violated his civil rights for firing him from hedge fund Renaissance Technologies for exercising his right to free speech.
Mercer Sued By Hedge Fund Worker Fired After Blasting Trump
2017-05-09T15:56:03.977769-04:00https://www.thetrustedinsight.com/investment-news/mercer-sued-by-hedge-fund-worker-fired-after-blasting-trump-20170509340/
Hedge fund mogul Robert Mercer, one of the biggest financial backers of Donald Trump’s presidential campaign, was sued by a former employee who claims he was fired for calling Mercer racist and publicly criticizing his support of Trump.
AllianceBernstein Parent Abruptly Removes CEO Kraus, Directors
2017-05-02T17:17:16.329355-04:00https://www.thetrustedinsight.com/investment-news/alliancebernstein-parent-abruptly-removes-ceo-kraus-directors-20170502090/
The French parent of asset manager AllianceBernstein fired its longtime leader Peter Kraus, replacing him with a new chief executive and and new chairman, and overhauled the firm's board, according to a filing Monday that offered little explanation for the unexpected changes.
California Pension Fund Is Latest To Scrap Some Active Managers
2017-04-06T10:45:03.851955-04:00https://www.thetrustedinsight.com/investment-news/california-pension-fund-is-latest-to-scrap-some-active-managers-20170406261/
A California pension fund has fired Franklin Templeton Investments, JPMorgan Chase & Co and Pacific Investment Management Co from some portfolio-management responsibilities in a shakeup that puts more of its assets in lower-fee, index-tracking investments, the fund said.
Investment Firm Founder Settles Suit With Former Company ForM
2017-03-30T16:43:57.306563-04:00https://www.thetrustedinsight.com/investment-news/investment-firm-founder-settles-suit-with-former-company-form-20170330046/
<p>William Gross, the man who co-founded Pacific Investment Management Company decades ago, reached an agreement with the firm on Monday to dismiss a $200 million civil suit.</p>
<p>Gross, who was fired by PIMCO in 2014, reportedly agreed to dismiss the lawsuit in exchange for $81 million and a few other institutional concessions.</p>
This Real Estate Mogul Was Fired By Lenny Kravitz And Went On To Make Millions
2017-03-03T15:58:00.803064-05:00https://www.thetrustedinsight.com/investment-news/this-real-estate-mogul-was-fired-by-lenny-kravitz-and-went-on-to-make-millions-20170303090/
"I thought I wanted to be in the music business," says real estate mogul Sidney Torres.
George Soros Invested In These 11 Oil And Gas Companies In 2016
2017-02-07T11:36:17.736676-05:00https://www.thetrustedinsight.com/investment-news/george-soros-invested-in-these-11-oil-and-gas-companies-in-2016-20170207227/
Billionaire George Soros in 2016 invested $238 million in 11 oil and gas companies, according to his federal financial filings, The Daily Caller News Foundation Investigative Group has learned.
How Not To Get Fired With Smart Beta Investing
2017-01-20T14:24:45.984002-05:00https://www.thetrustedinsight.com/investment-news/how-not-to-get-fired-with-smart-beta-investing-20170120645/
<p>It may not be my money, but it is my job.<br />
—Charles Ellis in Investment Policy: How to Win the Loser’s Game</p>
<p>Such is how Charley Ellis describes the delicate balancing act facing agents—CIOs, pension sponsors, and consultants—tasked with managing large pools of long-term fiduciary assets. Charley should know. He started the investment management consultancy Greenwich Associates in 1972, chaired the Yale Endowment Investment Committee for nine years, and served on the boards of Vanguard and CFA Institute. In describing the paradox of long-term pools of capital being managed with a very short-term focus, he elaborated on the struggle faced by investment decision makers due to this misalignment:</p>
Biggest Tech Scandals Of 2016
2016-12-21T10:07:16.258722-05:00https://www.thetrustedinsight.com/investment-news/biggest-tech-scandals-of-2016-20161221744/
It's been quite a year in tech, one that saw exploding smartphones, several lawsuits, and some really juicy scandals. Startups have crumbled and been reborn, many millions of dollars have been lost.
Private Equity Firm CVC Settles Sexism Lawsuit
2016-11-03T16:44:34.957355-04:00https://www.thetrustedinsight.com/investment-news/private-equity-firm-cvc-settles-sexism-lawsuit-20161103786/
CVC Capital Partners Ltd [CVC.UL] has settled a lawsuit by a former managing director who said the big private equity firm unfairly favored male employees, and fired her after she objected to "systemic" gender bias there.
Carl Icahn Nearly Got Bill Ackman To Invest In Herbalife
2016-09-19T17:35:05.318445-04:00https://www.thetrustedinsight.com/investment-news/carl-icahn-nearly-got-bill-ackman-to-invest-in-herbalife-20160919388/
Billionaire investor Carl Icahn sauntered onstage last Tuesday night to face a standing room-only crowd in New York City’s luxurious Pierre Hotel ballroom. The Wall Street crowd, attendees at the ann...
Fired Highland Capital Manager Says He Opposed Self-Dealing
2016-09-16T13:24:27.792444-04:00https://www.thetrustedinsight.com/investment-news/fired-highland-capital-manager-says-he-opposed-self-dealing-20160916305/
A former portfolio manager seeks to force Highland Capital Management LP into arbitration over his claim that he was fired after questioning what he described as the firm’s illegal self-dealing with outside investors.
Ousted Ipayment Founder Accuses Hedge Fund Of Boardroom Coup
2016-09-02T14:45:10.914010-04:00https://www.thetrustedinsight.com/investment-news/ousted-ipayment-founder-accuses-hedge-fund-of-boardroom-coup-20160902621/
The founder of New York-based iPayment is suing over his ouster, alleging a hedge fund engineered a boardroom coup as part of a plot to gain control of the company. Carl Grimstad claims the payment-processing company violated his employment agreement last week, when it fired him without the required 90 days notice. Grimstad said his...
Hedge Fund Party Host Fires Back At Accuser
2016-07-19T17:04:19.208042-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-party-host-fires-back-at-accuser-20160719210/
The hedge fund trader who was fired after hosting a controversial party in the Hamptons says the event raised $100,000 for charity.
Bridgewater, World’s Biggest Hedge Fund, Is Said to Be Slowing Hiring
2016-07-18T15:09:30.528618-04:00https://www.thetrustedinsight.com/investment-news/bridgewater-worlds-biggest-hedge-fund-is-said-to-be-slowing-hiring-20160718123/
The $154 billion hedge fund, Bridgewater Associates, run by the billionaire Ray Dalio, is known for hiring hundreds of people every year. Yet it is now telling recruitment firms to cancel interviews ...
UN Pension Names New Director Of Investments
2016-07-14T11:15:10.388701-04:00https://www.thetrustedinsight.com/investment-news/un-pension-names-new-director-of-investments-20160714953/
Herman Bril has been named to lead the United Nations pension fund in the wake of controversy over governance reforms....
Hyperloop One Co-Founder Sues Company For Harassment
2016-07-13T10:15:55.340406-04:00https://www.thetrustedinsight.com/investment-news/hyperloop-one-co-founder-sues-company-for-harassment-20160713887/
Hyperloop One co-founders Brogan BamBrogan and other three other former executives sued the company on Tuesday, claiming that they were harassed and wrongfully fired by Mr. Pishevar and other senior Hyperloop One managers.
Moore Capital PM Fired After Raucous Hamptons Party
2016-07-08T09:57:47.853678-04:00https://www.thetrustedinsight.com/investment-news/moore-capital-pm-fired-after-raucous-hamptons-party-20160708684/
A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management has been fired after a Wolf of Wall Street-style pool party he threw last weekend allegedly trashed a rented $20 million home in the Hamptons.
Hedge Funder Is Fired After Massive Hamptons Party That Got Him Banned From Airbnb
2016-07-07T14:08:53.088377-04:00https://www.thetrustedinsight.com/investment-news/hedge-funder-is-fired-after-massive-hamptons-party-that-got-him-banned-from-airbnb-20160707645/
A hedge funder has lost his job after allegedly throwing a huge Fourth of July party in the Hamptons. Brett Barna, a portfolio manager previously working for Moore Capital Management, was fired after reports of the incident went public, the company told CNBC in a statement.
LVMH's Asian Private Equity Unit Sued By Former Employee
2016-06-21T10:33:21.008013-04:00https://www.thetrustedinsight.com/investment-news/lvmhs-asian-private-equity-unit-sued-by-former-employee-20160621828/
An Asian private equity unit backed by LVMH Moet Hennessy Louis Vuitton SE is being sued by a former executive, who is claiming he was fired for revealing wrongdoing at the business.
Alabama’s One-Man Pension Show
2016-05-03T10:42:46.878384-04:00https://www.thetrustedinsight.com/investment-news/alabamas-one-man-pension-show-20160503653/
The Montgomery real estate makes up just a small slice of RSA’s $33 billion in investments. But it highlights Bronner’s grand ambition to use the pension funds to transform the state’s economy, which...
China Hedge Funds Boom Amid Sector Struggles
2016-04-12T16:01:22.727973-04:00https://www.thetrustedinsight.com/investment-news/china-hedge-funds-boom-amid-sector-struggles-20160412836/
Barriers to entry and failure rates have been rising in the "ridiculously concentrated" hedge fund sector, but Greater China managers are a bright spot, says Jo Murphy, Asia-Pacific MD of CAIA....
Bridgewater's Ray Dalio On His Succession Plan, 'radically Transparent' Culture
2016-03-25T15:17:59.084453-04:00https://www.thetrustedinsight.com/investment-news/bridgewaters-ray-dalio-on-his-succession-plan-radically-transparent-culture-20160325235/
All meetings are filmed, and the footage is available to everyone in the company. Employees rate each other's performance with proprietary iPad apps, and they can be fired for criticizing colleagues behind their backs rather than to their faces. While Dalio credits this unique philosophy for much of Bridgewater's success — it manages $169 billion in assets — over the past few years he has been gradually backing away from management responsibilities while remaining active in investment strategy. Business Insider asked Dalio by email to elaborate on the ways he considers Bridgewater's culture to be misunderstood, how he's putting systems in...
R.I. Pension System Dumps Underperforming Fund
2016-03-25T12:12:40.147045-04:00https://www.thetrustedinsight.com/investment-news/ri-pension-system-dumps-underperforming-fund-20160325220/
The Rhode Island pension system has fired a hedge fund whose investments lost $15 million over the past two years.The state invested $50 million with Luxor Capital Partners in March, 2014, and by the end of February the value of those assets had declined to $35 million, according to figures from the State Investment Commission.After showing concern about Luxor's performance in January, the State Investment Commission Wednesday voted unanimously to pull the plug on the hedge [...]
Pennsylvania School Pension System Lost Money In 2015
2016-03-14T17:48:06.502443-04:00https://www.thetrustedinsight.com/investment-news/pennsylvania-school-pension-system-lost-money-in-2015-20160314547/
All three trailed far behind the 7 percent to 8 percent annual fund targets as stock and commodity values plunged....
Bankruptcy Watchdog Raises Questions Over Sundevil Asset Sale
2016-03-12T15:30:19.872163-05:00https://www.thetrustedinsight.com/investment-news/bankruptcy-watchdog-raises-questions-over-sundevil-asset-sale-20160312434/
A government bankruptcy watchdog is raising concerns about the proposed sale of Sundevil Holdings LLC's two gas fired power plants in Arizona.
CVC Lawsuit Brings Private Equity's Gender Imbalance Back In The Spotlight
2016-02-27T15:00:24.970791-05:00https://www.thetrustedinsight.com/investment-news/cvc-lawsuit-brings-private-equitys-gender-imbalance-back-in-the-spotlight-20160227618/
A sexual discrimination lawsuit against CVC Capital Partners has brought fresh public scrutiny to the lack of women in the private equity industry
Marks' Oaktree Nears $1B Gain With Gundlach Wager
2016-02-25T10:00:13.155680-05:00https://www.thetrustedinsight.com/investment-news/markss-oaktree-seen-nearing-1b-gain-with-gundlach-wager-20160225474/
Oaktree Capital Group LLC co-founder Howard Marks is known as a shrewd investor. One of his best decisions was spending about $20 million in 2009 for a one-fifth stake in Jeffrey Gundlach’s upstart investment firm. Gundlach’s DoubleLine Capital has paid out $158 million in income to Oaktree over the last five years, repaying that original investment almost eightfold. What’s more, the stake may now be worth as much as $900 million,...
$20M Bet On Gundlach Paid Off Big Time
2016-02-25T09:30:19.942692-05:00https://www.thetrustedinsight.com/investment-news/20m-bet-on-gundlach-paid-off-big-time-20160225472/
Oaktree Capital Group LLC co-founder Howard Marks is known as a shrewd investor. One of his best decisions was spending about $20 million in 2009 for a one-fifth stake in Jeffrey Gundlach’s upstart investment firm. Gundlach’s DoubleLine Capital has paid out $158 million in income to Oaktree over the last five years, repaying that original investment almost eightfold. What’s more, the stake may now be worth as much as $900 million, according to estimates by analysts who follow Oaktree. "We had no reason to expect that it would go as well as it did," Marks said Thursday in a Bloomberg...
Ex-analyst Fined $100,000 In Big Lots Case
2016-02-24T11:00:17.142262-05:00https://www.thetrustedinsight.com/investment-news/ex-analyst-fined-100000-in-big-lots-case-20160224429/
The U.S. Securities and Exchange Commission has fined a former Deutsche Bank analyst $100,000 for publicly rating Big Lots stock a "buy" after privately telling several hedge funds to sell the stock.
Kenneth Griffin Joins Elite Rank Of Hedge Fund Art Patrons With $500M Deal
2016-02-23T13:30:19.275572-05:00https://www.thetrustedinsight.com/investment-news/kenneth-griffin-joins-elite-rank-of-hedge-fund-art-patrons-with-500m-deal-20160223371/
Mr. Griffin, the founder of the $26 billion investment firm Citadel, bought two important paintings by Pollock and de Kooning from David Geffen and lent them to the Art Institute of Chicago.
The Ten Biggest Hedge Fund Trends For 2016
2016-02-23T11:03:41.989032-05:00https://www.thetrustedinsight.com/investment-news/the-ten-biggest-hedge-fund-trends-for-2016-20160223363/
Investment Week Agecroft outlines things to expect in the coming year More hedge funds shutting down, continued pressure on fees and success for smaller managers are predicted as the biggest trends in the hedge fund industry by consulting firm Agecroft.
Marc Andreessen Apologizes For India Comment
2016-02-13T09:30:20.263990-05:00https://www.thetrustedinsight.com/investment-news/marc-andreessen-apologizes-for-india-comment-20160213982/
Star Silicon Valley venture capitalist Marc Andreessen apologized Wednesday for a tweet contending that anti-colonialism has been an economic disaster for India.
Pension Funds Build Infrastructure Investment
2016-02-11T12:00:21.923490-05:00https://www.thetrustedinsight.com/investment-news/pension-funds-build-infrastructure-investment-20160211884/
Pension funds are starting to play a bigger role when it comes to infrastructure investment, according boutique finance house Aurium Capital Markets.
India Arranging $1.25B Renewable Energy Fund; Power PSUs Commit $300M
2016-02-08T18:30:19.263967-05:00https://www.thetrustedinsight.com/investment-news/india-arranging-125b-renewable-energy-fund-power-psus-commit-300m-20160208730/
The government is in the process of setting up a $1.25 billion fund, backed by state-owned and private institutions, to finance renewable energy projects.
$100T In Value (Of Oil) Wiped Out
2016-02-08T15:03:48.584175-05:00https://www.thetrustedinsight.com/investment-news/100t-in-value-of-oil-wiped-out-20160208710/
The ongoing oil price collapse is having a severely negative impact on the wealth of those who own oil reserves. The numbers, as you will see below, are almost incomprehensibly big. They are so big, in fact, that many analysts have simply tuned out. The attitude seems to be, “These numbers blow up my models, so I will ignore them.”
Carl Icahn To Get Peter Hancock Fired From American International Group Inc (AIG)
2016-02-08T11:30:12.009318-05:00https://www.thetrustedinsight.com/investment-news/carl-icahn-to-get-peter-hancock-fired-from-american-international-group-inc-aig-20160208683/
This, understandably, isn’t enough to appease Icahn, where the move shows some urgency by American International Group, but the move just isn’t transformational. His activist hedge fund owns just over 3% of AIG and is a top five shareholder. Icahn’s thesis is that AIG should split into three publicly traded companies to reduce regulatory expenses and capital requirements. Icahn has some support for this plan, with the likes of Metlife (NYSE: MET) deciding to divest part of its US life insurance business in hopes of evading the SIFI designation. American International Group could split its life insurance and property &...
Dan Loeb's Third Point Gains Victory As Dow Chemical CEO Liveris To Step Down
2016-02-03T10:49:21.252979-05:00https://www.thetrustedinsight.com/investment-news/dan-loebs-third-point-gains-victory-as-dow-chemical-ceo-liveris-to-step-down-20160203408/
By Joshua Schneyer and Swetha Gopinath (Reuters) - Dow Chemical’s chief executive Andrew Liveris, fresh from orchestrating a $130 billion merger with U.S. rival DuPont, on Tuesday announced plans to retire by mid-2017, a step he takes after years of pitched battles with an activist shareholder unhappy with his leadership. On a quarterly earnings call with analysts, Liveris said he would step aside by the second half of next year. The news represents a victory for Daniel Loeb, the head of New York hedge fund Third Point. The fund has a 2 percent stake in Dow and Loeb has been...
Epic Battle: Hedge Funds Versus China
2016-02-03T10:45:56.757784-05:00https://www.thetrustedinsight.com/investment-news/epic-battle-hedge-funds-versus-china-20160203406/
George Soros' successful bet against the British pound back in 1992 remains one of financial history's epic tales. In order to maintain the peg Britain raised interest rates and spent its foreign exchange reserves. But hedge funds, with Soros in the lead, sensed imminent failure and placed big bets against the pound. They were right: After some official bluster and shrill denials, Britain was in the end forced to withdraw from the ESM and devalue its currency, thus making fortunes for its hedge fund tormentors ($1 billion for Soros alone). Now fast forward to 2016. China has pegged its currency,...
Management Teams Get Tough On Private Equity Marriage Vows
2016-02-01T13:09:33.821760-05:00https://www.thetrustedinsight.com/investment-news/management-teams-get-tough-on-private-equity-marriage-vows-20160201275/
<span style="line-height: 18.9091px;">Negotiations between private equity firms and the management teams of the companies they are trying to buy could be likened to a couple writing their own vows before a wedding. Both are hoping the venture will be a success and might secretly be hoping the promises they make won’t come back to haunt them.</span>
FIM Launches Timberland, Solar Fund
2016-01-25T15:11:57.779428-05:00https://www.thetrustedinsight.com/investment-news/fim-launches-timberland-solar-fund-20160125972/
A staggering $8.4 trillion of global pension fund money was allocated to alternative assets in 2014, an increase from just 5% of their total portfolios in 2001 to 25% in just over a decade.
Ex-CEO To Take Stand In Court Fight For American Apparel
2016-01-22T09:00:20.557620-05:00https://www.thetrustedinsight.com/investment-news/ex-ceo-to-take-stand-in-court-fight-for-american-apparel-20160122900/
CHICAGO/WILMINGTON, Del. (Reuters) - American Apparel's former chief executive officer, Dov Charney, will take the stand in Bankruptcy Court on Wednesday in a last-ditch effort to wrest control of the teen retailer from a group of hedge funds.
American Apparel Defends Turnaround Plan Against Charney's Bid
2016-01-21T10:17:27.693871-05:00https://www.thetrustedinsight.com/investment-news/american-apparel-defends-turnaround-plan-against-charneys-bid-20160121860/
<p>Los Angeles-based American Apparel Inc, known for its “Made in the U.S.A” fashion and sexually charged advertising, joined other teen-focused retailers by filing for bankruptcy in October due to changing shopping habits. The company is seeking court approval of a bankruptcy exit plan backed by a group of hedge funds. Charney has objected and is trying to convince the judge a takeover backed by competing investment funds, Hagan Capital Group and Silver Creek Capital Partners, is a better deal.</p>
Super-Rich In China Made It In Real Estate
2016-01-20T10:46:39.662546-05:00https://www.thetrustedinsight.com/investment-news/super-rich-in-china-made-it-in-real-estate-20160120792/
<p>Technological and scientific innovation not only pushes forward economic development, but it also makes a few business leaders some big and fast money.</p>
Race, Revenge, And Restitution At New York's Largest Pension Fund
2016-01-19T14:54:57.671033-05:00https://www.thetrustedinsight.com/investment-news/race-revenge-and-restitution-at-new-yorks-largest-pension-fund-20160119741/
In the summer of 2010, Tarrus Richardson was fired from ICV Partners, the New York-based private equity firm he had co-founded 12 years earlier. Last October, that termination quietly resulted in a $...
10 Hedge Fund Predictions For 2016
2016-01-15T18:30:20.250589-05:00https://www.thetrustedinsight.com/investment-news/10-hedge-fund-predictions-for-2016-20160115645/
In 2016, hedge fund investors’ return expectations will trend lower, while industry assets reach a new high, according to Donald Steinbrugge, founder and managing partner of Agecroft Partners. In a highly competitive marketplace, Steinbrugge says, hedge funds will need a high-quality sales and marketing strategy in order to raise assets. For the seventh consecutive year, Agecroft, a hedge fund and consulting firm, predicts industry trends through its contact with some 2,000 institutional investors and hundreds of hedge fund firms. Hedge fund performance is driven by a combination of manager skill and market-driven returns — alpha and beta. From 2009 to...
American Apparel Rejects $300-Million Takeover Offer
2016-01-15T16:36:44.032986-05:00https://www.thetrustedinsight.com/investment-news/american-apparel-rejects-300-million-takeover-offer-20160115636/
<span style="line-height: 20.8px;">The board of American Apparel Inc. has rejected a $300-million takeover bid from investors who support the return of ousted Chief Executive Dov Charney, according to a person familiar with the matter.</span>
Wonkblog: China’s Slowdown Prompts Plunge In South Africa’s Currency
2016-01-12T16:30:12.773947-05:00https://www.thetrustedinsight.com/investment-news/wonkblog-chinas-slowdown-prompts-plunge-in-south-africas-currency-20160112462/
South Africa’s currency on Monday plunged to record lows, as concerns spiked about the growing impact of China's economic slowdown on South Africa's economy.
Agecroft Partners’ Top 10 Hedge Fund Industry Trends For 2016
2016-01-06T12:00:13.914589-05:00https://www.thetrustedinsight.com/investment-news/agecroft-partners-top-10-hedge-fund-industry-trends-for-2016-20160106121/
Each year, Agecroft Partners predicts the top hedge fund industry trends through their contact with more than 2,000 institutional investors and hundreds of hedge fund organizations. Below are Agecroft’s predictions for the biggest trends in the hedge fund industry for 2016.
10 Key Hedge Fund Industry Predictions For 2016
2016-01-06T11:00:19.934592-05:00https://www.thetrustedinsight.com/investment-news/10-key-hedge-fund-industry-predictions-for-2016-20160106085/
Agecroft Partners outlines its ten predictions and the biggest trends across the hedge fund industry for 2016.Keep on reading: 10 Key Hedge Fund Industry Predictions for 2016
Ex-Soros's Bessent Raises $4.5 Billion for New Hedge Fund Firm
2016-01-05T11:00:02.589292-05:00https://www.thetrustedinsight.com/investment-news/ex-soross-bessent-raises-45-billion-for-new-hedge-fund-firm-20160105011/
Scott Bessent, who oversaw George Soros’s $30 billion fortune for the last four years, will be managing $4.5 billion by the end of the first quarter, one of the largest hedge fund startups ever.
The Great Indian Startup Story In 2015
2015-12-29T10:30:14.600988-05:00https://www.thetrustedinsight.com/investment-news/the-great-indian-startup-story-in-2015-20151229838/
Startups were on a rollercoaster ride this year –the highs arguably beat the lows. Headline makers this year included everyone from bootstrapped startups to investments from giants like Alibaba and Infosys. Yet, at the threshold of 2016, startups are looking at the future with some amount of scepticism. The ups and downs of the game boosted some sectors, just as it ruined others.
KaloBios Fires Former Turing CEO Martin Shkreli After His Arrest
2015-12-22T19:01:45.365075-05:00https://www.thetrustedinsight.com/investment-news/kalobios-fires-former-turing-ceo-martin-shkreli-after-his-arrest-20151222615/
South San Francisco drug company KaloBios Pharmaceuticals Inc. said Monday that it terminated its chief executive, Martin Shkreli, last week. KaloBios also said Shkreli resigned from his position on the company's board of directors. The decision comes after the much-criticized pharmaceutical executive...
Khosla Ventures Getting Sued by Miss. - Fortune
2015-12-04T16:54:36.758141-05:00https://www.thetrustedinsight.com/investment-news/how-tech-billionaire-vinod-khoslas-biofuel-dream-went-bad-20151204577/
Drive a couple of hours northeast of Jackson, Miss.—maneuvering past semitrailers piled with timber on highways lined with dense pine forests—and you’ll reach a sprawling structure of metal pipes and towers.
Investors Pressure Viacom To Strip Redstone Of Power
2015-12-04T16:29:54.935330-05:00https://www.thetrustedinsight.com/investment-news/investors-pressure-viacom-to-strip-redstone-of-power-20151204564/
<p>Viacom management is feeling the growing pressure from outside shareholders to make some big changes. As battle lines are being drawn, large investors are clamoring for change in light of the current court battle over the state of health of its 92-year-old executive chairman, Sumner Redstone.</p>
Triangle venture capital firm sues former Chimerix CEO over anonymous emails
2015-11-23T18:14:29.237479-05:00https://www.thetrustedinsight.com/investment-news/triangle-venture-capital-firm-sues-former-chimerix-ceo-over-anonymous-emails-20151123995/
Kenneth Moch, the former CEO of Chimerix who made national headlines last year for refusing to supply an experimental drug to a critically ill child, has been sued for pursuing an anonymous, allegedly malicious smear campaign against A.M. Pappas & Associates, a prominent Triangle venture capital firm.
Google hires VMware co-founder as cloud chief, aiming for enterprise adoption
2015-11-20T15:29:28.560337-05:00https://www.thetrustedinsight.com/investment-news/google-hires-vmware-co-founder-as-cloud-chief-aiming-for-enterprise-adoption-20151120891/
VMware co-founder Diane Greene will oversee all of Google's cloud businesses, including its Cloud Platform and Apps productivity suite, the company announced Thursday.
The $405k hedge fund jobs going to ‘career changers.’ Deutsche’s layoffs start slowly
2015-11-20T13:00:18.992281-05:00https://www.thetrustedinsight.com/investment-news/the-405k-hedge-fund-jobs-going-to-career-changers-deutsches-layoffs-start-slowly-20151120829/
Why hedge funds are struggling to hire the right people, and where they're turning. Deutsche Bank's ax wielded slowly.
Cliff Asness On Hedge Fund Returns: "They Don't Hedge Enough"
2015-11-17T17:31:09.731794-05:00https://www.thetrustedinsight.com/investment-news/cliff-asness-on-hedge-fund-returns-they-dont-hedge-enough-20151117605/
Cliff Asness of AQR Capital Management, joined Stephanie Ruhle, David Westin and Erik Schatzker on Bloomberg TV’s new flagship morning program, Bloomberg <go>. He discussed market reaction to the Paris terror attacks and the use of long-term investing to overcome risks. “They don’t hedge enough and they charge too much. Over time what they are supposed to do is hedge out the market risk, provide a return that’s independent of the market, these famous uncorrelated diversifying returns. And they’re supposed to do it at a reasonable price.” “As a person you weep, but as a long-term investor you do your...</go>
Soros Pulls Out. What Now for Bill Gross?
2015-11-10T16:54:58.792891-05:00https://www.thetrustedinsight.com/investment-news/soros-pulls-out-what-now-for-bill-gross-20151110220/
The 'Bond King' has to cope with falling returns from his new fund and pursue his case against Pimco.Keep on reading: Soros Pulls Out. What Now for Bill Gross?
Impressions From Billionaire Carl Icahn’s Discussion At The DealBook Conference
2015-11-05T15:46:45.177437-05:00https://www.thetrustedinsight.com/investment-news/impressions-from-billionaire-carl-icahns-discussion-at-the-dealbook-conference-20151105881/
Hedge funds and other big money managers like Icahn tend to have the largest amounts of their capital invested in large and mega-cap stocks like Apple Inc. (NASDAQ:AAPL) because these companies allow for much greater capital allocation. That’s why if we take a look at the most popular stocks among funds, we won’t find any mid- or small-cap stocks there. However, our backtests of hedge funds’ equity portfolios between 1999 and 2012 revealed that the 50 most popular stocks among hedge funds underperformed the market by seven basis points per month, showing that their most popular picks and the ones...
Oak Investments: The Rise, The Fall And The Rogue
2015-11-03T11:14:55.238341-05:00https://www.thetrustedinsight.com/investment-news/oak-investments-the-rise-the-fall-and-the-rogue-20151103692/
The venture capital firm has struggled since 2000. Now fraud charges by a partner, Iftikar Ahmed, raise questions about who's watching the shop.
Ex-Goldman Banker and Fed Employee Will Plead Guilty in Document Leak
2015-10-27T15:55:02.642126-04:00https://www.thetrustedinsight.com/investment-news/ex-goldman-banker-and-fed-employee-will-plead-guilty-in-document-leak-20151027398/
A former Goldman Sachs banker admitted his guilt in taking confidential documents from an employee at the Federal Reserve Bank of New York, who also agreed to plead guilty.
Wall Street Shocked As Feds Bring Criminal Case Against Goldman Banker Over Fed Leaks
2015-10-26T17:32:23.010660-04:00https://www.thetrustedinsight.com/investment-news/wall-street-shocked-as-feds-bring-criminal-case-against-goldman-banker-over-fed-leaks-20151026333/
From his desk in Lower Manhattan, a banker at Goldman Sachs thumbed through confidential documents — courtesy of a source inside the United States government. The banker came to Goldman through the so-called revolving door, the symbolic portal that connects financial regulators to Wall Street. He joined in July after spending seven years as a regulator at the Federal Reserve Bank of New York, the government’s front line in overseeing the financial industry. He received the confidential information, lawyers briefed on the matter suspect, from a former colleague who was still working at the New York Fed. As a reminder,...
One Uranium Mine In Niger Says A Lot About China's Huge Nuclear-Power Ambitions
2015-10-26T14:55:13.474814-04:00https://www.thetrustedinsight.com/investment-news/one-uranium-mine-in-niger-says-a-lot-about-chinas-huge-nuclear-power-ambitions-20151026272/
The odds of finding much of anything seem slim in northern Niger’s unnerving expanses of hazy white desert.
Forces Shaping The Future Of Coal In The United States
2015-10-21T10:50:34.381442-04:00https://www.thetrustedinsight.com/investment-news/forces-shaping-the-future-of-coal-in-the-united-states-20151021036/
Coal-fired plants have been the backbone of US power generation for more than a century, and they still account for nearly 40 percent of power generation in the country. But coal's dominance in the United States is waning.
Carlyle names Sunil Kaul as head of S-E Asia buyout team
2015-10-19T14:57:34.984190-04:00https://www.thetrustedinsight.com/investment-news/carlyle-names-sunil-kaul-as-head-of-s-e-asia-buyout-team-20151019909/
October 17, 2015 5:00 AMHONG KONG • The Carlyle Group said it had appointed Mr Sunil Kaul as head of its South-east Asia buyout team, two days after the private equity firm fired its former Indonesia head, Mr Rajiv Louis.
Barclays Has Staley In Sights For Chief Exec
2015-10-13T16:25:22.422843-04:00https://www.thetrustedinsight.com/investment-news/barclays-has-staley-in-sights-for-chief-exec-20151013528/
Barclays (LSE: BARC.L - news) could name US hedge fund boss Jes Staley as its new chief executive as early as today. Mr Staley, a former banker at JP Morgan, is understood to be the preferred candidate to succeed Antony Jenkins who was fired in June amid a row over the future direction at Barclays. This is not the first time that Mr Staley has been in the bank's sights for the top job.
Sherborne Investment Management pushing same two nominees for Electra board who were rejected by 82% of shareholders
2015-10-09T16:36:21.140769-04:00https://www.thetrustedinsight.com/investment-news/sherborne-investment-management-pushing-same-two-nominees-for-electra-board-who-were-rejected-by-82-of-shareholders-20151009399/
Electra is a UK-listed private equity firm with assets including British live music sound experts Digico –which is currently supporting pop star Ariana Grande (pictured) on her world tour.
"Diva of Distressed" Lynn Tilton has new problems at her private equity fund
2015-10-07T16:04:42.018659-04:00https://www.thetrustedinsight.com/investment-news/diva-of-distressed-lynn-tilton-has-new-problems-at-her-private-equity-fund-20151007257/
Lynn Tilton, the so-called Diva of Distressed, is facing a lawsuit alleging that she and her firm, Patriarch Partners, "grossly mismanaged" more than $100 million of investor funds. Norddeutsche Landesbank Girozentrale and Hannover Funding Co. filed a lawsuit Monday against Tilton and Patriarch, alleging that she used funds that were marketed to investors as debt-investment vehicles but instead made risky equity deals that went bust. The SEC has contacted Norddeutsche Landesbank Girozentrale, and an employee from Nord is due to testify against Tilton in the SEC case, according to a copy of the witness list dated August 7, 2015, submitted by the...
Bloomberg Markets 50 Most Influential
2015-10-05T18:06:01.231635-04:00https://www.thetrustedinsight.com/investment-news/bloomberg-markets-50-most-influential-20151005080/
They build companies and assemble fortunes. They run banks, or hope to disrupt them. They shape economies and spread ideas. They manage money and wield the clout that goes with the billions of dollars they invest. The 50 people in our fifth annual Most Influential ranking are a varied group but have in common extraordinary success in their chosen fields.
Martin Shkreli: Indie Record Label Cuts Ties With Besieged Pharma CEO
2015-09-25T17:47:15.630250-04:00https://www.thetrustedinsight.com/investment-news/martin-shkreli-indie-record-label-cuts-ties-with-besieged-pharma-ceo-20150925570/
You may have followed the unfortunate social media saga of hedge fund manager Martin Shkreli, who was the subject of a New York Times story last Sunday that, in less than a week, caused such a backlash he had to reverse a major business decision and lock down his Twitter
Rihanna "Hot" Because "Not Too Dark" Says Family Office
2015-09-23T10:06:41.283734-04:00https://www.thetrustedinsight.com/investment-news/rihanna-hot-because-not-too-dark-said-family-office-20150923361/
Recent court papers allege that Flynn Family Office, a Manhattan-based financial firm with a number of celebrity clients, fostered an environment of racism and sexism, according to the New York Post ...
Kinross Gold Struggling To Reverse Losses At Mauritania’s Tasiast Mine
2015-09-21T18:23:15.107707-04:00https://www.thetrustedinsight.com/investment-news/kinross-gold-struggling-to-reverse-losses-at-mauritanias-tasiast-mine-20150921288/
Mauritania’s national economic slump compounds pressure on gold producer Kinross as it struggles to reverse losses at huge mine.
Former Morgan Stanley broker in Post-it notes insider trading case pleads guilty
2015-09-17T10:45:00.307727-04:00https://www.thetrustedinsight.com/investment-news/former-morgan-stanley-broker-in-post-it-notes-insider-trading-case-pleads-guilty-20150917089/
Traded on insider corporate tips he got from a middleman who showed him secret notes before chewing and swallowing them at New York's Grand Central Terminal.
Hedge Fund Billionaire getting Millions in Tax Breaks to stay in Connecticut
2015-09-16T18:25:15.083842-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-billionaire-getting-millions-in-tax-breaks-to-stay-in-connecticut-20150916063/
Maybe Donald Trump is on to something when he bashes politicians for being terrible negotiators. One of the largest hedge funds, Bridgewater Associates, was to receive $115 million in tax breaks to remain in Connecticut and build a new facility in Stamford. The plans have been changed to renovate their current offices, and Bridgewater may receive more than $52 million in “aid and tax breaks”. Is it really necessary for the residents of Connecticut to subsidize a hedge fund whose founder and owner boasts a net worth, according to Forbes, of $15.5 billion? There has been much scrutiny of “chat...
RadiumOne board tried to cover up CEO's domestic violence
2015-09-10T16:50:40.460913-04:00https://www.thetrustedinsight.com/investment-news/radiumone-board-tried-to-cover-up-ceos-domestic-violence-20150910971/
Last spring, VC-backed programmatic ad startup RadiumOne fired founder and CEO Gurbaksh “G” Chahal after he plead guilty to a pair of misdemeanors: One for domestic violence battery and one for battery, both related to allegations that he hit and kicked his then-girlfriend 117 times over a 30-minute period (which, charmingly, he videotaped). But the actual termination wasn’t immediate, even though RadiumOne was preparing to go public. Here is some of what I wrote after Chahal plead guilty, but remained with the company: Why is Chahal still CEO? I called and emailed each of the VC board members yesterday to...
Jim Simons: From NSA To Top Hedge Fund Manager
2015-09-10T15:07:56.253175-04:00https://www.thetrustedinsight.com/investment-news/jim-simons-from-nsa-to-top-hedge-fund-manager-20150910962/
Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. Renaissance has since bought out its investors because, as Simons put it, “there’s a capacity to the fund.” The former NSA codebreaker talked about his earlier life and noted he got fired for political reasons. In a fascinating interview, Jim Simons told TED: I did it by assembling a wonderful group of people. When I started doing trading, I had gotten a little tired of mathematics. I was in my late 30s, I had a little money. I...
Former Lady Gaga Manager, Uber Investor Troy Carter Hand Picks The Next 6 Hot Startups
2015-09-09T11:01:18.213404-04:00https://www.thetrustedinsight.com/investment-news/former-lady-gaga-manager-uber-investor-troy-carter-hand-picks-the-next-6-hot-startups-20150909884/
Troy Carter knows how to pick talent, but his own spark is turning that talent into a cultural phenomenon. That's not all he's known for, though. Carter is the rare bridge between Silicon Valley and the Los Angeles entertainment industry. Uber, Lyft, Dropbox, Spotify, theSkimm, and Warby Parker are just a few of his tech investments.
If The Fed Is Always Wrong, How Can Its Policies Ever Be Right?
2015-09-01T12:39:01.499499-04:00https://www.thetrustedinsight.com/investment-news/if-the-fed-is-always-wrong-how-can-its-policies-ever-be-right-20150901549/
Submitted by Ralph Benko via Forbes.com, One of the most curiously persistent surrealisms of Washington, DC is the reflexive deference given the Federal Reserve System. The Washington elite tends to accord more infallibility to the Fed than do Catholics the Pope. Now comes one of the world’s top monetary reporters, Ylan Q. Mui, to make a delicate observation at the Washington Post’s Wonkblog, in Why nobody believes the Federal Reserve’s forecasts. Mui: “The market recognizes that the Fed has repeatedly erred on the optimistic side,” said Eric Lascelles, chief economist at RBC Global Asset Management. “Fool me 50 times, but not 51 times.” Even the government’s official budget forecasters are dubious of the Fed’s own forecast. This is a theme that Mui has touched on before. In 2013, she wrote Is the Fed’s crystal ball rose-colored?: The big question is whether Fed officials can get it right after years in which they have regularly predicted a stronger economy than the one that materialized. In January 2011, Fed officials predicted that GDP would grow around 3.7 percent that year. It clocked in at 2 percent. In January 2012, they anticipated growth of about 2.5 percent. We ended up with 1.6 percent. To give Ms. Mui’s competition its due, Dr. Richard Rahn at the Washington Times last April crisply noted: The Federal Reserve had forecast the U.S. economy to grow about 4 percent near the beginning of each year for the last five years. But during each year, the Fed was forced to reduce its forecast until it got to the actual number of approximately 2 percent. (Other government agencies have been making equally bad forecasts.) These mammoth errors clearly show that the forecast models the official agencies use are mis-specified and contain incorrect assumptions. What’s going on here? A good bet would be that there’s a problem with the Fed’s reliance on an arcane art. This art is designated “Dynamic Stochastic General Equilibrium” modeling. Sound scientific? Well. With admirable intellectual honesty an assistant vice president in the Federal Reserve Bank of New York’s Research and Statistics Group, Marco Del Negro, Wharton Ph.D. student Raiden Hasegawa and University of Pennsylvania professor of economics Frank Schorfheide (speaking for themselves and not the Fed) open a two part analysis at the NY Fed’s own excellent Liberty Street Economics, Choosing the Right Policy in Real Time (What That’s Not Easy): Model uncertainty is pervasive. Economists, bloggers, policymakers all have different views of how the world works and what economic policies would make it better. These views are, like it or not, models. Some people spell them out in their entirety, equations and all. Others refuse to use the word altogether, possibly out of fear of being falsified. No model is “right,” of course, but some models are worse than others, and we can have an idea of which is which by comparing their predictions with what actually happened. The authors go on to conclude in the second part of their analysis: In the end, we have shown that policy analysis in the very oversimplified world of DSGE models is a pretty difficult business. Contrary to what it may sometimes appear from listening to talking heads, deciding which policy is best is very rarely a slam dunk. Dynamic Stochastic General Equilibrium modeling sure sounds amazing. That said let’s be blunt. If NASA suffered from comparable inaccuracy the manned spaceflight program would have been shut down by an endless series of Challenger-type catastrophes many years ago. With monetary forecasts this bad is it any wonder the American economy continually crashes and burns? As I have noted before, yet it bears repeating, Prof. Reuven Brenner powerfully has called our current system to account: [M]acro-economics is now [astrology’s] modern incarnation: Only instead of stars, macro-economists look at “aggregates” gathered religiously by governments’ statistical agencies – never mind if the country has a dictatorial regime, be it left, right or anything in between, or has large black markets, as Italy and Greece do, where tax evasion has long been the main national sport. So let us first forget about this “macro” stuff, whose beginnings are almost a century old, and offer a simple alternative for shedding light on the situation today and on possible solutions, hopefully demolish this modern pseudo-”science” once and for all. Classical liberal economist Axel Kaiser anticipated this line of argument in his book Intervention and Misery: 1929 – 2008 by calling for the “end of the mystery [which] implies the end of the witch doctors and the definite defeat of the economic astrology that has prevailed in recent decades.” This line of criticism, while apparently alien to the Fed, is nothing new. Hayek, in his Nobel Prize acceptance speech The Pretence of Knowledge tartly observed: We have indeed at the moment little cause for pride: as a profession we have made a mess of things. It seems to me that this failure of the economists to guide policy more successfully is closely connected with their propensity to imitate as closely as possible the procedures of the brilliantly successful physical sciences — an attempt which in our field may lead to outright error. It is an approach which has come to be described as the “scientistic” attitude — an attitude which, as I defined it some thirty years ago, “is decidedly unscientific in the true sense of the word, since it involves a mechanical and uncritical application of habits of thought to fields different from those in which they have been formed.” I want today to begin by explaining how some of the gravest errors of recent economic policy are a direct consequence of this scientistic error. That said, nobody, not even the great Hayek, nailed the problem better than did Hans Christian Anderson in The Emperor’s New Clothes: One day, two rogues, calling themselves weavers, made their appearance. They gave out that they knew how to weave stuffs of the most beautiful colors and elaborate patterns, the clothes manufactured from which should have the wonderful property of remaining invisible to everyone who was unfit for the office he held, or who was extraordinarily simple in character. “These must, indeed, be splendid clothes!” thought the Emperor. “Had I such a suit, I might at once find out what men in my realms are unfit for their office, and also be able to distinguish the wise from the foolish! This stuff must be woven for me immediately.” … And now the Emperor himself wished to see the costly manufacture, while it was still in the loom. … “Is not the work absolutely magnificent?” said the two officers of the crown, already mentioned. “If your Majesty will only be pleased to look at it! What a splendid design! What glorious colors!” and at the same time they pointed to the empty frames; for they imagined that everyone else could see this exquisite piece of workmanship. “How is this?” said the Emperor to himself. “I can see nothing! This is indeed a terrible affair! Am I a simpleton, or am I unfit to be an Emperor? … So now the Emperor walked under his high canopy in the midst of the procession, through the streets of his capital; and all the people standing by, and those at the windows, cried out, “Oh! How beautiful are our Emperor’s new clothes! … “But the Emperor has nothing at all on!” said a little child. If the Fed is making policy based on consistently wrong predictions how good can its policy consistently be? If its forecasts consistently are wrong — as now is undeniable — on what is it basing policy? Guesswork (more pretentiously phrased as “discretion”)? America deserves some candor. A frank admission of “guesswork” — even educated guesswork — would better our understanding of why American workers have been for the past 15 years, and are today, engaged in painful belt-tightening. And, forgive the heresy, just maybe there is a better way than guesswork. Ylan Mui is, as she ought to be, far too politic to be so blunt. Thus it falls to me, in my role as the simpleton on this beat, to declare: The Emperor has no clothes. I’d welcome being set straight if the Board of Governors is prepared to contest this simpleton. Surely Chair Yellen or Vice Chair Fischer — both first rate economists and authentically honorable public servants — will support the Brady-Cornyn Centennial Monetary Commission legislation lately approved by Chairman Hensarling’s House Financial Services Committee. So let the Fed set me straight by entering the beautiful canopy of this Commission to make the case for the exceptional beauty of its handiwork. If, rather, the Fed raises objections to a Commission (to which it will appoint an ex officio commissioner)… perhaps my declaration is not, after all, that of a simpleton. In the event of Fed opposition Congress should be even more eager to enact this Monetary Commission. I say the Emperor has no clothes. If clad, high time to parade their exceptional beauty. Pass the Centennial Monetary Commission. Let’s see the Emperor’s clothes.
WA says solar is the future as it prepares to dump coal
2015-08-31T18:13:11.658193-04:00https://www.thetrustedinsight.com/investment-news/wa-says-solar-is-the-future-as-it-prepares-to-dump-coal-20150831507/
The West Australian government appears to have overcome years of institutionalised resistance and recognised that the state’s energy future will be built around solar energy.
After riding Internet wave, top China investor bets on hardware
2015-08-26T15:57:42.772621-04:00https://www.thetrustedinsight.com/investment-news/after-riding-internet-wave-top-china-investor-bets-on-hardware-20150826299/
She went on to make millions of dollars betting on China's software and Internet boom - including buying into Xiaomi five years ago when the company had only a prototype of the smartphones that have ...
NYT's explosive story-- "Inside Amazon: Wrestling Big Ideas in a Bruising Workplace"
2015-08-17T13:44:01.070364-04:00https://www.thetrustedinsight.com/investment-news/nyts-explosive-story-inside-amazon-wrestling-big-ideas-in-a-bruising-workplace-20150817728/
SEATTLE — On Monday mornings, fresh recruits line up for an orientation intended to catapult them into Amazon’s singular way of working....
Ellen Pao appeals order to pay Kleiner Perkins trial costs
2015-08-12T10:51:02.392322-04:00https://www.thetrustedinsight.com/investment-news/ellen-pao-appeals-order-to-pay-kleiner-perkins-trial-costs-20150812620/
Former venture capitalist Ellen Pao is not giving up her fight against former employer investment firm Kleiner Perkins, which she sued over allegations of sexism and gender discrimination....
The Endowment Bracket: Harvard, Yale, and the Sweet Sixteen
2015-08-05T20:15:00.386154-04:00https://www.thetrustedinsight.com/investment-news/the-endowment-bracket-harvard-yale-and-the-sweet-sixteen-20150805508/
Similar to coaching college sports, managing a top-tier endowment portfolio often means being paid a lot of money to do the thing one’s passionate about for a cause he or she believes in. It’s a posi...
Scott Bessent to Start His Own Hedge Fund With $2 Billion From Soros
2015-08-04T14:03:55.793631-04:00https://www.thetrustedinsight.com/investment-news/scott-bessent-to-start-his-own-hedge-fund-with-2-billion-from-soros-20150804479/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
Will the Asian Infrastructure Investment Bank one day matter?
2015-07-10T10:42:41.479935-04:00https://www.thetrustedinsight.com/investment-news/will-the-asian-infrastructure-investment-bank-one-day-matter-20150710015/
As I see it, the creation of the AIIB is not nearly as important as everyone seems to think, and if Beijing’s decision to create the AIIB, and Washington’s decision to oppose it, was part of the stru...
Oberlin Endowment Chair Charged with Fraud
2015-07-06T12:11:04.652200-04:00https://www.thetrustedinsight.com/investment-news/oberlin-endowment-chair-charged-with-fraud-20150706905/
The regulator accused founding CEO Thomas Kutzen and Chief Compliance Officer Michael Carino of breaching their fiduciary duty to clients via fabricated asset valuations, inflated fees, and misleadin...
Timeline: The rise and fall of Real Estate Disruptor Rahul Yadav, the bad boy of Indian startups
2015-07-01T15:07:47.695882-04:00https://www.thetrustedinsight.com/investment-news/timeline-the-rise-and-fall-of-real-estate-disruptor-rahul-yadav-the-bad-boy-of-indian-startups-20150701852/
The most gripping boardroom battle in India’s startup ecosystem is over—and the enfant terrible has been ejected....
FINRA Settles With Morgan Stanley, Scottrade For $950,000
2015-06-23T15:33:45.898810-04:00https://www.thetrustedinsight.com/investment-news/finra-settles-with-morgan-stanley-scottrade-for-950000-20150623686/
"Firms must have robust supervisory systems to monitor and protect the movement of customer funds," FINRA enforcement official Brad Bennett noted in a statement regarding the settlenent and fines. "M...
Jimmy Lee Dead: Remembering the JP Morgan Investment Banker
2015-06-18T12:41:35.592187-04:00https://www.thetrustedinsight.com/investment-news/jimmy-lee-dead-remembering-the-jp-morgan-investment-banker-20150618597/
Everybody on Wall Street has a Jimmy Lee story, mainly because he was the kind of banker who really doesn’t exist anymore. The JPMorgan Chase & Co. vice chairman, who died unexpectedly this morning o...
Dow Chemical CEO under SEC investigation
2015-06-04T14:21:30.761970-04:00https://www.thetrustedinsight.com/investment-news/dow-chemical-ceo-under-sec-investigation-20150604324/
It is not clear whether the SEC investigation is limited to the spending allegations or is broader in scope. Also unclear is whether regulators have ordered Dow, Liveris or other company officials to...
Antony Ressler Nearing $850M Deal to Buy Atlanta Hawks
2015-04-29T02:46:37.080839-04:00https://www.thetrustedinsight.com/investment-news/antony-ressler-nearing-850m-deal-to-buy-atlanta-hawks-20150429916/
Entrepreneur Antony Ressler has agreed to buy the Atlanta Hawks for a sale price of approximately $850 million, sources confirmed. His group also includes ex-All-Star Grant Hill....
Lawsuit Reveals Tensions In Thomson Media Family
2015-04-01T10:52:03.101203-04:00https://www.thetrustedinsight.com/investment-news/lawsuit-reveals-tensions-in-thomson-media-family-20150401608/
"The lawsuit and subsequent court filings describe years of inheritance squabbles and tensions over safeguards on the family’s wealth, offering a rare glimpse of its business."
Gender was not substantial motivating factor, perhaps race was
2015-03-28T12:23:59.057397-04:00https://www.thetrustedinsight.com/investment-news/gender-was-not-substantial-motivating-factor-perhaps-race-was-20150328558/
A verdict has been reached in the gender discrimination case of Ellen Pao v. Kleiner Perkins trial. CNBC's Scott Cohn reports the details....
The Huge Controversy Behind Hedge Funder’s $93.5M Art Sale
2015-03-15T22:16:56.539324-04:00https://www.thetrustedinsight.com/investment-news/the-huge-controversy-behind-hedge-funders-935m-art-sale-20150315446/
Billionaire art collector Steve Cohen, one of the most successful hedge fund managers ever, has become the unwitting catalyst in an alleged international art fraud stretching from New York to Monaco ...