Bridgewater Associates, the world’s largest hedge fund, laid off dozens of employees across the company this month, the Wall Street Journal reported Friday. The job cuts included the Bridgewater investigation team, customer services, recruiters, audit groups and the central management team, according to the report. Bridgewater told the Journal that …
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Bill Ackman’s special-purpose acquisition company Pershing Square Tontine Holdings raised its IPO target to $ 4 billion from $ 3 billion, according to a regulatory filing Monday. SPAC now aims to go public with 200 million units at a price of $ 20 each. The new goal should set a …
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Reuters Jeff Ubben will leave the $ 16 billion hedge fund ValueAct Capital to start a new fund focused on environmentally and socially responsible investment, the Financial Times reported Tuesday. The activist investor hopes to use the fund, called Inclusive Capital Partners, to “demonstrate that there is a return” on …
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