Tiger Global makes $3.5B profit on its $1.2B Flipkart investment…WalMart pays $1.4B for Tiger Global’s remaining Flipkart stake
Posted: July 31, 2023
WalMart bought out Tiger Global’s remaining stake in Flipkart for $1.4 billion. Tiger Global, which cashed out most of its [Read More]
Bill Hwang wants to subpoena 10 bank counterparties as they “played a pivotal role” in Archegos collapse
Posted: July 27, 2023
Archegos Capital founder Bill Hwang is seeking to subpoena 10 banks in order to shift blame that the family office [Read More]
More details available on Canada Pension Plan Investment Board’s seeding program
Posted: July 27, 2023
As reported on Monday, Canada Pension Plan Investment Board is planning to seed more hedge fund startups. They aim to [Read More]
SEC unveils proposal regarding broker-dealer conflict of interest and artificial intelligence…SEC adopts new rule that publicly traded companies must disclose significant cybersecurity breaches within four days
Posted: July 26, 2023
The Securities and Exchange Commission has unveiled a proposal that would require broker-dealers to determine if their use of AI [Read More]
Sightings….
Posted: July 25, 2023
Tarek Rizk has joined Balyasny Asset Management as head of the Mena region where he will oversee the new office [Read More]