Browsing Tag:Fund

tribune-signals-a-preference-for-a-sale-to-a-new-york-hedge-fund
Tribune Publishing announced Monday that talks about the sale to Newslight, a company founded last month by hotel manager Stewart W. Bainum Jr. in Maryland and Swiss billionaire Hansjörg Wyss, had ended after Mr Wyss split had withdrawn from a planned offer Friday.Tribune Publishing's special panel that evaluates bids said in a press release on Monday that the Newslight...
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credit-suisse-takes-4-7-billion-hit-from-archegos-hedge-fund-scandal
A Swiss flag flies over a Credit Suisse sign in Bern, SwitzerlandFABRIC COFFRINI | AFP | Getty ImagesCredit Suisse announced several senior executives leaving Tuesday and proposed cutting its dividend as it weighs the heavy losses from the Archegos Capital saga.The Swiss lender now expects a pre-tax loss of around 900 million francs (960.4 million US dollars)...
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major-world-banks-warn-of-billions-in-losses-today-after-they-exit-positions-with-large-us-hedge-fund
News over the weekend suggests the markets may be experiencing a wild ride today.We reported over the weekend that two major U.S. financial institutions reported nearly $ 20 billion in revenue from Chinese technology and U.S. media companies on Friday:WHAT'S HAPPENING? Goldman Sachs and Morgan Stanley reportedly sold $ 19 billion in shares in Chinese technology and U.S....
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