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She Lost Her Childhood Home Over Taxes. Then It Erupted In Flames. - The New York Times

For years, Eve Morawski waged an epic battle against real estate investors who bought her tax debt and ultimately seized her Maplewood, N.J., home.
Read by 63% of LPs 3hours ago

Mfa Presents Inaugural Women’s Investment Leadership Award To Three Female Leaders In Alternative Asset Management - Managed Funds Association

Awardees include Anne Dinning of the D. E. Shaw group, Ulrike Hoffman-Burchardi of Tudor Investment Corporation, and Kim Lew of Columbia Investment Management Company MIAMI, FL – Yesterday, Managed Funds Association (MFA), the trade association for the global alternative asset management industry, presented the inaugural Women’s Investment Leadership Award to: Anne Dinning, Managing Director and Executive Committee Member of the […] The post MFA Presents Inaugural Women’s Investment Leadership Award to Three Female Leaders in Alternative Asset Management appeared first on Managed Funds Association.
Read by 48% of LPs 6hours ago

The Comeback King: For 40 Years, John Rogers Has Come Out Of Bear Markets Stronger

The veteran value investor’s flagship Ariel Fund was up 14% in January after taking a hit in 2022. Now he is betting big on entertainment, private equity and — surprise! — housing.
Read by 75% of LPs 7hours ago

Wall Street’s Most Connected Black Woman Has An Ingenious Idea To Narrow The Wealth Gap

To boost more talented minority executives into the corporate stratosphere, Ariel Investments’ Mellody Hobson wants to install them at the top of existing businesses—and connect them with the customers and capital to succeed.
Read by 60% of LPs 20hours ago

Outdoor Dining Is Doomed

These days, strolling through downtown New York City, where I live, is like picking your way through the aftermath of a party. In many ways, it is exactly that: The limp string lights, trash-strewn puddles, and splintering plywood are all relics of the raucous celebration known as outdoor dining.These wooden “streeteries” and the makeshift tables lining sidewalks first popped up during the depths of the coronavirus pandemic in 2020, when restaurants needed to get diners back in their seats. It was novel, creative, spontaneous—and fun during a time when there wasn’t much fun to be had.
Read by 72% of LPs January 31, 2023

Bofa Global Research Talks Opec+ Meeting

'Ahead of the meeting, press speculation suggests no material change in expected output'. : Consensus points to no change from OPEC+ on February 1, according to a new BofA Global Research report, which was sent to Rigzone recently. “In what has been a relatively quiet week for U.S. inventories, we turn our attention back to the next ‘regulatory’ event that is the OPEC+ meeting on Feb 1, noting Saudi’s self-described view of how the agreement can stabilize oil markets,” BofA Global Research stated in the report.
Read by 66% of LPs January 31, 2023

Raymond James Financial Services Advisors Inc. Cuts Stock Position In Westlake Co. (nyse:wlk)

Raymond James Financial Services Advisors Inc. reduced its position in Westlake Co. (NYSE:WLK - Get Rating) by 53.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,423 shares of the specialty chemicals company's stock after selling 2,836 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in Westlake were worth $211,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently modified their holdings of the company.
Read by 78% of LPs January 31, 2023

Samsung To Maintain Capex After Plunging Profits In Chips

South Korea’s largest company has been struggling with a historic slump in the price of memory, as consumers cut back on purchases of gadgets amid soaring interest rates and inflation. Inventory has piled up, forcing double-digit price slides that are deepening losses.
Read by 38% of LPs January 30, 2023

After Layoffs And A Ceo Swap, Cometeer’s Frozen Coffee Pod Business Is In Hot Water

In December, Cometeer quietly conducted layoffs and installed its chief operating officer as co-CEO. Former employees spoke of dysfunction and high executive turnover as growth has slowed at the most-funded coffee startup ever, where headcount is down nearly 50%.
Read by 65% of LPs January 30, 2023

Politicians Want To Keep Money Out Of E.s.g. Funds. Could It Backfire? - The New York Times

States are supposed to act in the best interests of citizens and retirees. Divesting from E.S.G. funds and companies like BlackRock that run them may create legal jeopardy.
Read by 44% of LPs