(Reuters) – Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30 years, will stop investing for outside clients, ac... More »
LONDON (Reuters) – Neil Woodford has been ousted as manager of his flagship LF Woodford Equity Income Fund, which will now be wound up to pay back investors trapped in the fund since June. The fund’s administrator, Link Fund Solutions (LFS), said on Tuesday th... More »
LONDON (Reuters) – Fund manager Neil Woodford has criticized a fund administrator decision to close his suspended flagship fund on Tuesday, after a four-month lockdown that has seen values plunge by hundreds of millions of pounds. “This was Link’s decision and... More »
Whitney Tilson is closing his hedge fund Kase Capital, and will return capital to investors, he said in a letter to clients. More »
Hong Kong-based brokerage CLSA will halve its U.S. headcount by shutting its equity research services, as declining payments prompt it to make an about-turn from its recent measures to expand the business in the world’s largest economy. More »
Al Jazeera America, the cable television news outlet owned by Qatar-based Al Jazeera Media Network, is shutting down less than three years after its high-profile launch, the network said on Wednesday. The U.S. cable network will cease operations by April 30, t... More »
