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.
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.
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.
Nov 21 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
NEW YORK/LONDON/ISTANBUL New moves to curb short-selling in some countries have set the stage for a renewed battle between free market advocates and authorities aiming to check investors they see as profiteers who destabilise major companies.
NEW YORK Blockchain-based payments could revolutionize finance in the same way that internet companies transformed information and communications starting in the 1990s, according to technology investment pioneer Glenn Hutchins.
NEW YORK The RockCreek Group plans to raise close to $1 billion for a new climate-related private equity fund, part of a broader bet that socially responsible investments will produce greater returns than traditional investments such as stocks, firm Chief Executive Afsaneh Mashayekhi Beschloss said on Wednesday.
NEW YORK Marc Lasry's Avenue Capital Group LLC is raising an about $500 million venture debt fund, which could take advantage of a recent reckoning of what fast-growing startups such as WeWork are actually worth.
NEW YORK New York pension officials may shift money from equities to bonds to reduce market risk and ensure liquidity in their $216 billion fund, the system's chief investment officer said on Monday.
U.S. Senator Marco Rubio plans to introduce legislation to block a federal pension fund from investing in Chinese stocks after the fund delayed a decision on tracking an index provided by MSCI Inc that includes Chinese firms.