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reuters.com October 15, 2019

Fidelity Criticizes Money Manager Fisher, Who Loses Philadelphia As Client

Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly made disparaging remarks about women last week.
Read by 53% of LPs

dealstreetasia.com 5 minutes ago

Southeast Asia's Overcrowded Mobile Payments Market Faces Shakeout

SE Asia has nearly 150 e-wallet licence holders, and firms including Grab, Go-Jek, Tencent, and others fighting for dominance. The post Southeast Asia's overcrowded mobile payments market faces shakeout appeared first on DealStreetAsia.
Read by 38% of LPs

businessinsider.com 35 minutes ago

Wework Founder Adam Neumann's Close Ties With The Kabbalah Centre

As Adam and Rebekah Neumann built WeWork into a $47 billion coworking giant, the couple relied on the teachings of the Kabbalah Centre, a spiritual organization whose high-pressure donation tactics have drained multiple former members' bank accounts, sources told Business Insider. Kabbalah Centre Rabbi Eitan Yardeni was a regular sight at WeWork offices, where former employees said he helped put together at least one deal, met with company executives, and, in at least one instance, spoke with the entire company as a "spiritual counselor."
Read by 37% of LPs

investmentnews.com 35 minutes ago

Fisher Client Exodus Nears $1B In Backlash Over Remarks

The Boston Pension Board said Wednesday it is yanking $248 million that is managed by Fisher Investments. : Track the latest teams of advisers and brokers changing firms and view recruiting activity at wirehouses, regional brokerages, RIAs and IBDs. Hear ideas from experts, thought leaders and some of the most innovative minds in financial advice. Start listening now. This interactive, customizable tool allows you to view detailed data on compensation, staffing and financial performance practices from across the industry.
Read by 68% of LPs

reuters.com 1 hour, 5 minutes ago

Southeast Asia's Mobile Payments Face Shakeout As Market Booms

Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.
Read by 49% of LPs

reuters.com 3 hours, 5 minutes ago

Boston Pension Votes To Fire Money Manager Fisher, Withdrawals Surge Toward $1B

The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week.
Read by 77% of LPs

abc.net.au 3 hours, 5 minutes ago

Inside Adani's Plans To Haul Coal From Carmichael To The Coast - Abc News (australian Broadcasting Corporation)

One of Australia's leading rail freight companies says it is willing to service Adani's Carmichael mine, despite an intense campaign by environmentalists aimed at dissuading companies from dealing with Adani.
Read by 75% of LPs

wealthmanagement.com 3 hours, 35 minutes ago

Fisher Client Exodus Nears $1B In Backlash Over Remarks

Boston's pension fund is the latest to yank money from Fisher Investments after Ken Fisher's vulgar remarks. : Boston joined two other pensions in yanking money from Fisher Investments, bringing the total to more than $900 million. "Boston will not invest in companies led by people who treat women like commodities," Mayor Martin Walsh said in a statement Wednesday. "Reports of Ken Fisher's comments and poor judgment are incredibly disturbing." Fisher Investments is seeing a growing backlash since the firm's founder made offensive comments about women, spoke of genitalia and then failed to immediately understand the gravity of his words.
Read by 39% of LPs

businessinsider.com 4 hours, 35 minutes ago

Wework Founder Adam Neumann's Close Ties With The Kabbalah Centre

WeWork's Adam and Rebekah Neumann mixed business and spirituality from Kabbalah Centre, a religious organization known for high-pressure tactics. : With his angular features, fashionable stubble, close-cropped salt-and-pepper hair, and chunky glasses, Eitan Yardeni didn't look out of place at WeWork's New York City headquarters, where he was a familiar presence to staffers. But the 55-year-old Yardeni is no tech guru: He's a spiritual one. Yardeni is a long-time confidant of WeWork co-founder Adam Neumann and his wife Rebekah.
Read by 50% of LPs

benefitscanada.com 6 hours, 35 minutes ago

Caisse Invests In Budget Hotel Chain, Cppib And Psp Complete Sale Of Medical Devices Company

The Caisse de depot et placement du Quebec's real estate arm Ivanhoe Cambridge, along with real estate manager ICAMAP, is taking over EasyHotel, a European budget hotel chain. The hotel chain, which was started by the founder of EasyJet Airline Company Ltd., targets the super-budget segment of the market. It has a total of 39 hotels ...
Read by 68% of LPs

businessinsider.com 6 hours, 45 minutes ago

Warren, Sanders Presidencies Could Send Stocks Plunging 25%: Cooperman

Hedge fund billionaire Leon Cooperman told CNBC on Wednesday that the stock market could tumble as much as 25% if either Elizabeth Warren or Bernie Sanders wins the 2020 presidential election. The founder of Omega Advisors cited proposals from both candidates designed to tax wealthy individuals and billionaires. "You don't make poor people rich by making rich people poor," Cooperman said. Visit the Business Insider's homepage for more stories. Billionaire hedge fund manager Leon Cooperman is worried a presidential-election victory for either Elizabeth Warren or rival Bernie Sanders could send the stock market tumbling into a full-fledged bear market.
Read by 79% of LPs