June 30, 2022 by Bloomberg News | | Share This (Bloomberg) — Daniel Michalow, the veteran fund manager fired by D.E. Shaw & Co. in 2018, won $52.1 million Wednesday from the firm, likely one of the largest recent awards of its kind. That’s less than the $600 million he was seeking for defamation in arbitration run […]
Continue ReadingJune 29, 2022 by Bloomberg News | | | Share This (Bloomberg) — Family offices with at least $1 billion in assets are boosting their investments amid market swings fueled by recent geopolitical and macroeconomic turbulence, a Citigroup Inc. executive said. “Some of our very large family office clients are taking advantage of the volatility,” […]
Continue ReadingJune 29, 2022 by Bloomberg News | | Share This (Bloomberg) — Scarily expensive, or dirt cheap? Cross-currents in the stock market’s $15 trillion wipeout are making it harder than ever to get a grip on valuations. The S&P 500, even after a 21% drawdown this year, remains near or way above levels seen during […]
Continue ReadingJune 28, 2022 by Bloomberg News | | | Share This (Bloomberg) — When Goldman Sachs Group Inc. executives set out to woo investors in early 2020, they offered a promising outlook for their novelty Main Street business. The unit would go from a money-suck to break-even in 2022. It isn’t quite working out that […]
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