Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. March 03, 2018

State Pension Fund Trustees Fire Chief Investment Officer

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.
Read by 77% of LPs May 19, 2017

Asian Energy Firms Fired Up By Rally In Oil Prices

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 ...
Read by 42% of LPs April 06, 2017

California Pension Fund Is Latest To Scrap Some Active Managers

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.
Read by 49% of LPs March 03, 2017

This Real Estate Mogul Was Fired By Lenny Kravitz And Went On To Make Millions

"I thought I wanted to be in the music business," says real estate mogul Sidney Torres.
Read by 33% of LPs December 21, 2016

Biggest Tech Scandals Of 2016

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.
Read by 78% of LPs November 03, 2016

Private Equity Firm CVC Settles Sexism Lawsuit

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.
Read by 54% of LPs September 19, 2016

Carl Icahn Nearly Got Bill Ackman To Invest In Herbalife

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...
Read by 34% of LPs September 16, 2016

Fired Highland Capital Manager Says He Opposed Self-Dealing

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.
Read by 46% of LPs September 02, 2016

Ousted Ipayment Founder Accuses Hedge Fund Of Boardroom Coup

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...
Read by 40% of LPs July 19, 2016

Hedge Fund Party Host Fires Back At Accuser

The hedge fund trader who was fired after hosting a controversial party in the Hamptons says the event raised $100,000 for charity.
Read by 54% of LPs