MIT Media Lab In Crisis After Scholars Vow To Leave Over Epstein Ties
The elite research center at the Massachusetts Institute of Technology, where hundreds of graduate and undergraduate students study tech topics, is in turmoil. It was revealed that its director, Joichi Ito, had ties to Jeffrey Epstein, who had given money to the lab and to Mr. Ito's own venture capital funds.
Bitcoin Has 'No Intrinsic Value,' As UK Moves Towards Crypto Ban
Bitcoin and cryptocurrency regulation has been pushed into the limelight over recent weeks, thanks to social media giant Facebook's high profile plans to launch its own potential rival to bitcoin sometime next year.
IPC Media Pension Scheme Appoints BlackRock As Fiduciary Manager
The IPC Media Pension Scheme has appointed BlackRock as its fiduciary manager to look after assets of around ÂL600m
Tiger Cub Coatue Management +22% YTD As Tech Focus Pays Off
Philippe Laffont’s hedge fund Coatue Management has reportedly returned 5% in July and is ahead approximately 22% for the year through the end of last month, largely by riding the recent gains in technology stocks. Last month was the sixth monthly gain of 2017 for the company’s flagship fund, according to a Bloomberg article. The long/short fund focuses on technology, media and telecom investments and has around $8 billion in assets. Coatue’s performance, while far ahead of the typical hedge fund’s returns (HFR’s HFRX Global Hedge Fund Index is up +3.51% through the end of July), roughly mirrors the 21%...
The Carlyle Group Promotes Cam Dyer And Patrick McCarter To Co-Heads Of Global Technology, Media And Telecommunications Team
Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Managing Directors Patrick R. McCarter and Campbell Cam R. Dyer and have been promoted to Co-Heads of the Global Technology, Media and Telecommunications (TMT) team. They succeed long-term Head James A. Attwood, Jr. who will continue as a Managing Director on the TMT team and maintain service on a number of Carlyle portfolio company boards. Mr. Dyer is based in Washington, DC and Mr. McCarter is based in Menlo Park, CA. Their new roles are effective September 1, 2017.
SoftBank Fund Hires Michael Ronen Away From Goldman Sachs
Michael Ronen, Goldman Sachs Group Inc’s co-chief operating officer of the global technology, media and telecommunications group, is leaving the firm to join Masayoshi Son’s planned $100 billion SoftBank Vision Fund.
Gabrielle Bernstein: The Universe Has Your Back | SuperSoul Sessions | Oprah Winfrey Network
Many of us believe the universe sends us messages, whether we notice them or not. Gabrielle Bernstein says one of those messages for her came in the form of a turkey! Yes, a turkey! Gabrielle explain...
Shkreli's Relative Warned Witness Not To Testify, U.S. Says
A member of Martin Shkreli’s family told a witness not to testify at the former pharmaceutical executive’s fraud trial, a U.S. prosecutor told a judge. “That contact has veered into the territory that has been less than appropriate,” Alixandra Smith said at a hearing in Brooklyn federal court Thursday. Shkreli, the 34-year-old founder of Retrophin Inc. and Turing Pharmaceuticals AG, is accused of defrauding investors in two hedge funds and using $11 million of Retrophin assets to pay them off. He had been dubbed in the media as the "most hated man in America" for raising the price of a...
Apollo, OTPP-Led Investor Group To Buy CareerBuilder
<p>A group of investors led by U.S. private equity firm Apollo Global Management LLC and Ontario Teachers’ Pension Plan will buy a majority stake in job portal CareerBuilder LLC, the firms said on Monday.</p> <p>Chicago-based CareerBuilder is owned by Tribune Media Co, TV station operator Tegna Inc and newspaper group McClatchy Co. These current owners will all retain a minority stake, Apollo said.</p>
Adani Defers Carmichael Coal Mine Investment Decision
Adani wanted the Queensland government to delay the start of royalty obligations on the coal mine it hopes to build in Queensland's Galilee Basin, media reports said.