Mark Zuckerberg's mentor and an early investor in Facebook on why his book Zucked urges people to turn away from big tech's toxic business modelRoger McNamee is an American fund manager and venture capitalist who has made investments in, among others, Electronic Arts, Sybase, Palm Inc and Facebook. In 2004, along with Bono and others, he co-founded Elevation Partners, a private equity firm. He has recently published Zucked: Waking Up to the Facebook Catastrophe.What is your history with Facebook?I've been a technology investor since 1982, and a tech optimist until very recently.
A look at the calls made by Warren Buffett's conglomerate in the fourth quarter. : Berkshire Hathaway Inc. (BRK.B), the conglomerate run by billionaire investor Warren Buffett, sold some of its giant stake in Apple Inc. (AAPL), called it quits on Oracle Corp. (ORCL) and used some of its freed-up capital to top up on bank stocks in the last three months of 2018. The firm's hotly anticipated 13F filing revealed that it was eager to buy into financials after a sector-wide selloff.
The 10 best paid fund managers in the world made $7.7 billion in 2018 with one fund manager seeing his fortune increase $1.8 billion last year. Many of the world's biggest funds saw big returns even after stock markets performed poorly in 2018. Despite the crazy figures 2018 was a tough year for funds in general with closures outnumbering launches for the third year in a row. Beyond the one percenters lies a realm of extreme remuneration reserved for hedge fund managers. The top 10 earners bringing in $7.7 billion in 2018.
Windstream Loses Legal Case Against Hedge Fund Aurelius, And Now Is Stuck With A Huge Bill - Barron's
Windstream, a communications company, lost its battle against hedge fund Aurelius Capital. A judge ruled that Windstream did breach a bond covenant in 2015, and now owes Aurelius $310 million.
Don't believe the brochures. A Billionaire's Row apartment can be a terrible investment. "One of the things that I struggle to wrap my head around is why people continue to park money in high-end New York real estate when it's not a very lucrative asset class," said Grant Long, senior economist at StreetEasy, a New...
LS Investment Advisors LLC trimmed its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 20.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,712 shares of the travel company's stock after selling 1,188 shares during the quarter. LS Investment Advisors LLC's holdings in Tripadvisor were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds have also made changes to their positions in the company.
Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in Medifast Inc (NYSE:MED) by 12.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 903 shares of the specialty retailer's stock after selling 131 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Medifast were worth $113,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Navellier & Associates Inc grew its holdings in Medifast by 10.3% in the 4th quarter.
Backstopped by a large finance fortune, the Booths have become important donors to watch in the state, especially for the arts. We take a look at which organizations have been winning support from the couple.
WINTON GROUP Ltd grew its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 109.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,882 shares of the asset manager's stock after purchasing an additional 22,955 shares during the quarter. WINTON GROUP Ltd's holdings in BlackRock were worth $17,238,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company.