Following second major overhaul, Paloma Partners slashes some senior staffers

During Q1, Paloma Partners overhauled the firm by restructuring leadership as well as rebuilding technology, operations and outsourcing processes. Now, [Read More]
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Ackman’s Pershing Square USA drops 16% on the opening, closes down 17.5%

Shares of Pershing Square USA (PSUS) opened on the New York Stock Exchange at $42 per share, 16% below the [Read More]
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Gabe Plotkin plans to convert personal assets into an ETF through a 351 conversion

Gabe Plotkin, who closed Melvin Capital in 2022, is planning to convert some of his assets into an ETF that [Read More]
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Sightings…

President Trump has nominated G Hunter McMaster II as Assistant Treasury Secretary for Financial Markets. McMaster, who has been carrying [Read More]
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Hochul is not supporting NYC Mayor’s proposal to reduce tax break impacting business owners including hedge funds

New York City Mayor Mamdani is delaying the city’s budget as he presses the state to limit the pass-through entity [Read More]
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