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Fund Management
The news-driven hedge fund raises 100 million dollars to trade on journalists’ scoops
A US hedge-fund raised $100mn for trading based on articles from its affiliated newsroom. This is a new experiment to fund investigative reporting at a time when the media industry is suffering a new round of layoffs.
The venture is an…
Mike Lynch is on trial in the US for Silicon Valley’s “largest fraud”
Mike Lynch, one of the UK’s most successful entrepreneurs in the tech sector, will be on trial on Monday in San Francisco, 13 years after the "largest fraud in Silicon Valley's history", as described by US prosecutors.
Lynch, who sold…
Monzo’s new funding round targets £4bn valuation
Monzo, the British digital bank, is close to a new funding round that will value it at around £4bn. This would be a sign that investors are confident in the company's expansion.
People said that the UK fintech may finalise an agreement…
Disney receives support from hedge funders in its fight against Nelson Peltz
Disney has gained the support of activist hedge funds despite attempts to prevent billionaire investor Nelson Peltz from joining its Board of Directors .
ValueAct Capital is a San Francisco based hedge fund that will be supporting the US…
BlackRock’s ambitions in private equity revealed by failed Warburg Pincus negotiations
BlackRock's push to diversify into alternative investments has led it to talk with Warburg Pincus. The world's biggest money manager is looking for a deal that will transform the $27tn industry of private funds.
Five people who were…
Peter Hargreaves Blue Whale’s profits drop on tech bets
Blue Whale Capital, a fund group founded by billionaire Peter Hargreaves and co-founded with him, reported a decline in revenue as well as profit after the sharp sell-off of tech stocks in the last year.
The Blue Whale Growth Fund…