Edition:
United Kingdom

Lawrence Delevingne

Exclusive: Hedge fund billionaire Glenn Dubin retires from industry after 40 years

24 Jan 2020

NEW YORK Glenn Dubin, who made a fortune building and managing hedge funds, is retiring from the industry after 40 years to focus on private investments, the billionaire investor said.

SEC probes Florida private lender over accounting questions

23 Jan 2020

NEW YORK, Jan 23 TCA Fund Management Group Corp, a Miami-area business lender that produced nearly a decade of virtually uninterrupted gains, is liquidating its main investment fund amidst a U.S. securities investigation related to its accounting practices, according to a client and documents reviewed by Reuters.

RPT-Three years after $1 bln Venezuela deal, U.S. oilfield firm shuts doors

13 Jan 2020

Jan 10 An Oklahoma oilfield company that played a central role in Venezuela's high profile attempt to convince the world it could halt production declines at its dilapidated oilfields has shut its doors, according to three people familiar with the matter.

Three years after $1 billion Venezuela deal, U.S. oilfield firm shuts doors

11 Jan 2020

An Oklahoma oilfield company that played a central role in Venezuela's high profile attempt to convince the world it could halt production declines at its dilapidated oilfields has shut its doors, according to three people familiar with the matter.

JPMorgan metals traders under Singapore scrutiny, two more depart: sources

19 Dec 2019

NEW YORK/LONDON/SINGAPORE Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co., one of the world's largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation.

JPMorgan metals traders under Singapore scrutiny, two more depart -sources

19 Dec 2019

NEW YORK/LONDON/SINGAPORE, Dec 19 Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co. , one of the world's largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation.

Wall Street holiday parties try dropping booze for bootcamps, smoothies

18 Dec 2019

NEW YORK Fruit smoothies may become the new martini for Wall Street holiday parties.

Vector files for bankruptcy, says Lockheed Martin seeks to buy assets

14 Dec 2019

Sequoia Capital-backed Vector Launch Inc filed for bankruptcy on Friday and said in court filings that Lockheed Martin Corp plans to purchase its satellite technology assets and give it a $2.5 million loan so it can continue to operate.

Hudson's Bay director says insiders' offer is only deal on the table

04 Dec 2019

NEW YORK The Hudson's Bay Co director who led the Saks Fifth Avenue owner's negotiations to sell itself to a group of controlling shareholders said on Wednesday that the C$1.9 billion ($1.4 billion) deal was the only one available.

Bacon's Moore Capital to return client capital after 30 years

21 Nov 2019

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, according to a letter sent to investors on Thursday.

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