According to people familiar with the transaction, investor Bill Hwang caused a storm in the stock market last week when his firm, Archegos Capital Management, and its banks began reducing their holdings in blue-chip companies, according to people familiar with the transaction. The sale has sent shifts to individual stocks …
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A hedge fund that has a large stake in Tribune Publishing Co. Tipico 0.31% According to people familiar with the matter, the Chicago Tribune and the New York Daily News are seeking to buy the newspaper chain behind the headlines. Alden Global Capital LLC, which is already the Tribune’s largest …
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Treasury Secretary Steven Munuchin said he would talk to House Speaker Nancy Pelosi about coronavirus stimulation again on Wednesday and was “optimistic” about the prospects for a deal. “I say we will make a more serious effort to get it done and I think we hope we can do something,” …
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Bill Ekman, CEO of Pursing Square Capital Management Getty Bill Ackman, the billionaire hedge-fund giant, was asked on Thursday if the nasty market route, which pulled the tech-heavy Nasdaq composite down 5%, was dark in root stocks. The answer was no. Also, maybe. “ ‘It’s certainly not the beginning of …
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Yonis Cespedes of the New York Mets stands in a deck circle in front of cardboard fans during a preseason game at City Field on July 18, 2020. El Bello | Getty Images Sport | Getty Images According to numerous sources close to the sale process, billionaire hedge fund manager …
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