Pro-democracy leaders called on Hong Kong's citizens to join a Sunday anti-government march in spite of the risk of arrest, after police banned the rally which is seen as a test of the protest movement's strength following months of unrest.
A favorite strategy of hedge funds that splits technology stocks into hardware and software makers has been sputtering for months. It finally blew up. The smart money piled into software shares such as Microsoft and Atlassian while cutting stakes in the likes of AMD and Intel for almost two years. The split created a dichotomy in exposure not seen since at least 2010, according to primary brokerage data from Morgan Stanley. Avoiding chips has burned fund managers since January as the group rallied 38%.
Wall Street Insider is a behind-the-scenes look at the stories dominating banking, business, and big deals. : We here at Business Insider, like many other organizations, spend a lot of time thinking, reporting, and writing about who's next -- the next CEO of a major bank, the next big unicorn founder, the next hedge-fund billionaire. Last week, we rolled out our annual list of people rapidly shifting from "next" to "now" with our rising stars of Wall Street list, and the fun didn't stop there. This week, we told who's next at Apollo's $77 billion private-equity business.
Hi, folks. Friendly neighborhood hedge-fund reporter Bradley Saacks here pinch-hitting for Olivia and Meredith. We here at Business Insider, like many other organizations, spend a lot of time thinking, reporting, and writing about who's next -- the next CEO of a major bank, the next big unicorn founder, the next hedge-fund billionaire. Last week, we rolled out our annual list of people rapidly shifting from "next" to "now" with our rising stars of Wall Street list, and the fun didn't stop there. This week, we told who's next at Apollo's $77 billion private-equity business.
Does BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) represent a good buying opportunity at the moment? Let's quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend to generate millions in profits each year. It is also true that some hedge fund players fail inconceivably on some occasions, but net net their stock picks have been generating superior risk-adjusted returns on average over the years. Is BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) undervalued?
PROVIDENCE, R.I., October 18, 2019-- Nautic Partners, LLC ("Nautic") is pleased to announce that it has completed the acquisition of Spartech, LLC ("Spartech"), in partnership with Spartech management, from Arsenal Capital Partners ("Arsenal"). Headquartered in Maryland Heights, MO, Spartech is a leading custom manufacturer of specialized acrylics and other engineered extruded plastics used in a variety of applications and end markets including aerospace & defense, healthcare, industrial, automotive, consumer goods, and packaging.
Zimbabwe: Zim Extreme Poverty Surges To 34 Percent As 1 Million More Added To Poor Bracket - World Bank
[New Zimbabwe] Extreme poverty in Zimbabwe has risen to 34 percent, with 1 million more citizens now added to the existing 4.7 million, World Bank (WB) said in a recent Poverty and Equity brief.
INDIANAPOLIS, October 18, 2019-- HKW, a middle-market private equity firm focused on growth-oriented companies, today announced the hiring of Joonhyung (Jay) Rhim as a Vice President on the firm's Transaction team. Based in Indianapolis, Mr. Rhim will focus on the business services sector. "We are excited to have Jay join the HKW team," said Luke Phenicie, Lead Transaction Partner.
Basketball legend, business leader and philanthropist Michael Jordan, together with his family, partner with Novant Health to open the first of two healthcare clinics for underserved neighborhoods.