Edition:
United Kingdom

Lawrence Delevingne

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.

UPDATE 4-Bacon's Moore Capital to return client capital after 30 years

21 Nov 2019

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 Thursday.

Return of short-selling bans - market protection or 'war against truth'?

19 Nov 2019

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.

Tech investing pioneer Hutchins bets on blockchain

07 Nov 2019

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.

RockCreek CEO looks for profit in renewables, affordable housing

06 Nov 2019

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.

Lasry's Avenue seeking $500 million venture debt fund

04 Nov 2019

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.

Eying liquidity, New York pension fund looks to trim equities

04 Nov 2019

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.

Rubio vows bill to prevent federal pension fund from investing in China

29 Oct 2019

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.

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