Hedge fund billionaire Paul Singer warned of the coronavirus' effects long before many US officials. In a memo reported on by Bloomberg News, Singer told his staff on February 1 to prepare for lengthy quarantines. The Elliott Management founder also warned of asymptomatic spread before some leaders appeared to be aware of the dangers. Visit Business Insider's homepage for more stories. Paul Singer, billionaire founder of the $40 billion Elliot Management hedge fund, apparently warned his staff of the coronavirus' ramifications well before many other leaders appeared concerned.
NEW YORK--(BUSINESS WIRE)--LeverData, a leading financial technology company that provides data ingestion, validation, and ongoing management solutions for corporations and financial services firms, announced today that long-time hedge fund executive Mike DeAddio, formerly of WorldQuant, Citadel and MIT, as well as former Managing Director for GIC, Siew Kai Choy, have joined the firm's Advisory Board. Messrs DeAddio and Choy join LeverData amid accelerating client demand for the firm's services.
The firm acquired three properties totaling 122 units in the Granada Hills submarket. : Universe Holdings has purchased a three-property portfolio in Granada Hills, Calif., for $25.5 million. The properties included in the deal are: the 38-unit Devonshire Apartments, the 56-unit Boardwalk and Park Place and the 28-unit Granada Pine Apartments. The communities came online in the 1960s and have not seen significant upgrades over the last several decades. Universe plans to invest $2.7 million in rebranding and capital improvements at all three properties.
NEW YORK--(BUSINESS WIRE)--Core BTS (Core), a national technology solution and managed services provider recently added Kevin Thimjon as chief financial officer. As CFO, Thimjon will oversee Core's financial strategy to drive growth, profitability, cash flow generation and equity value creation. Thimjon is an experienced financial executive with a demonstrated history of successfully collaborating with CEOs to create shareholder value. His broad experience includes key leadership roles in publi.
9th Apr 2020 - 3:55pm Why emerging markets hedge funds face "uneven recovery" after Covid-19 shock Submitted 09/04/2020 - 3:55pm Hedge funds trading emerging markets strategies face major dispersion in their assets, as the impact of Covid-19 - and the resulting government responses - diverges sharply across different regions and countries. New analysis by Lyxor Asset Management this week pointed to "uneven recovery prospects" across different EM countries and markets following the pandemic, stemming from various factors including differing regional responses to the crisis, business cycles, government support for economies, and reliance on oil markets, among other things.
The billionaire warned employees of his Elliott Management hedge fund two months ago that they should prepare for a monthlong quarantine -- well before New York mandated a lockdown, Bloomberg's Katia Porzecanski reported. Mr. Singer sent an internal memo on Feb. 1 that employees in the firm's offices around the world should "try to make arrangements so that you do not have to leave your home for a month if that becomes necessary." (The Elliott founder is known for being cautious about anything that could affect the markets, including solar storms.)
(Reuters) - Bloomin' Brands Inc and Jana Partners said on Thursday they have agreed to add two new independent directors to the Outback Steakhouse owner's board, months after the activist hedge fund pushed for changes due to struggling restaurant sales. Scott Ostfeld, a partner and portfolio manager at Jana, and John Gainor, a corporate director with experience in the casual dining market, have been nominated, the companies said in a joint statement. The New York-based hedge fund owns about a 9% stake in Bloomin' Brands, making it the third biggest shareholder, according to Refinitiv data.
In a stroke of bad luck, COVID-19 struck just as the Census Bureau began its decennial count of the U.S. population, disrupting years of careful planning. Here's how funders and ground-level organizers are working to get keep things on track.
Bug bounty and vulnerability disclosure platform Bugcrowd has raised $30 million in its Series D funding round. The San Francisco-headquartered company said the round brings the total amount raised to $80 million since the company was founded in 2011. This latest round was led by Rally Ventures, which previously invested in the startup. Bugcrowd acts [...]