Chicago’s Response To Migrants Frustrates Some Black Residents
Chicago has spent more than $300 million to handle an influx of South American migrants. Some Black residents wonder why their needs haven’t been given the same urgency while others hear echoes of past bigotry.
Hedge Fund Millennium Hired Balyasny London Portfolio Manager Who Left After $100M Loss
George Klavdianos is back. After leaving Balyasny's London office in December following reports of a $100m loss in a trading book he was leading, Klavdianos has resurfaced in a bigger fund and maybe a better job: he is now a senior portfolio manager at Millennium.Get Morning Coffee [?] in your inbox. Sign up here.Millennium declined to comment on Klavdianos' arrival. He joined Millennium in London this month after three and a half years at Balyasny and six and a half years previously at Citadel. Klavdianos was Balyasny's head of event driven trading.
Long Cast Advisers Q1 2024 Letter
For the 1Q24 quarter (ended March 31, 2024), cumulative net returns improved 9%. Since inception in November 2015 through quarter end 1Q24, LCA returned a cumulative 188% net of fees, or 13% CAGR. As a backdrop to returns, on a cumulative net basis, since inception, we comfortably exceed two widely used representative indices for passive small company investing, the iShares MicroCap ETF and Russell 2000 Index (RTY), and are roughly in line with the S&P. Past performance is no guarantee of future results. Individual account returns may vary. Whether returns are up or down, ours' is not a quarter-to-quarter approach.
At The Jefferies Private Internet Conference, Dealmaking Was Back.
As bankers and venture capitalists nibbled on caviar sushi and sipped champagne and sake this week at Nobu Malibu, there was a gleeful mood at the beachside closing dinner of the Jefferies Private Internet Conference. IPOs and M&As are finally back, and on top of that, there is an exciting new catalyst for rising tech valuations -- generative AI. "We surveyed a lot of the 140 entrepreneurs that are coming here and found 'IPO' is not a dirty word anymore," said Cameron Jefferies, Co-Head of Technology, Media and Telecom Investment Banking at Jefferies.
Forward Global Eyes Private Equity Sale - And Acquisitions With EUR150M Fund | Pr Week
International full-service risk and reputation management firm Forward Global has entered negotiations with private investment firm Bridgepoint Development Capital to invest EUR150m (PS130m) into PR acquisitions.
Hedge Funds Cry Foul Over Chinese Education Firm's Default | The Straits Times
The funds said the borrower's action could set a dangerous precedent for the broader market. : HONG KONG - Hedge funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March. A group of bond holders - including some of Asia's most prominent hedge funds - has alleged in public statements that the company chose not to pay its offshore debt even though its business is healthy and growing.
Global Oil Prices Rise Amid Increasing Middle East Conflict | Economy News
India imports over 85 per cent of its crude oil requirement and a substantial spike in global oil prices could raise the country's oil import bill.
The Twenty Minute Vc (20vc): Venture Capital | Startup Funding | The Pitch: 20vc: Three Core Lessons Scaling Freshworks To A $5.2bn Market Cap | Biggest Product And Pricing Lessons From Scaling To $597M In Arr | How India Can Compete Globally In Tech And Ai With Girish Mathrubootham, Co-founder @ Freshworks
Girish Mathrubootham is the founder and CEO of Freshworks, India's first SaaS company to list on NASDAQ. Today, Freshworks has over $596M in ARR with a $5.27BN market cap, with investors like Accel Partners, Sequoia Capital, Tiger Global Management, and CapitalG. Girish is also a founding member of SaaSBOOMi, Asia's largest community of founders and product builders, and has invested in over 60 startups. On top of that, Girish is also the Founder of Together Fund, a $150M fund focusing on Indian B2B companies going global from day 1.
Biden Administration Restricts Oil And Gas Leasing In 13 Million Acres Of Alaska's Petroleum Reserve
The Biden administration has finalized rules that would restrict new oil and gas leasing and development in portions of a federal petroleum reserve in Alaska that are considered particularly sensitive as the Arctic continues to warm. The decision finalizes protections for the National Petroleum Reserve-Alaska first proposed last year as the Biden administration prepared to approve the controversial Willow oil project. The approval of Willow drew the fury of environmentalists, who said it flew in the face of President Joe Biden's pledges to combat climate change. A group of Senate Republicans, including Alaska Sens.
Latam Payments Platform Tokue Bags $9.3M In Funding
Toku, an all-in-one recurring payments platform announced today it has raised $9.3 million USD in its latest round of funding. Gradient Ventures led the round with participation from existing investors F-Prime Capital, Clocktower, Y Combinator, Wollef and Funders Club.
Alaska Air Group (alk) Q1 2024 Earnings Call Transcript
Image source: The Motley Fool. : Please try using other words for your search or explore other sections of the website for relevant information. Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2024 first quarterearnings call [Operator instructions] Today's call is being recorded and will be accessible for future playback at alaskaair.com. [Operator instructions] I would now like to turn the call over to Alaska Air Group's vice president of finance, planning, and investor relations, Ryan St. John. Thank you, operator, and good morning.