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The Latest Breaking News on Hedge Funds

Look at what hedge funds really do – and tell me capitalism is about ‘rewarding risk’

‘Alternative asset managers’ are mainly focused on protecting themselves from losses – and they get tax breaks for it, too, says author Brett Christophers

The Guardian - UK

‘Pharma Bro’ Martin Shkreli having trouble completing community service, federal probation officials say

Infamous “Pharma Bro” Martin Shkreli, who was released from prison last year, is having trouble completing his court-mandated 20 hours a month of community service, according to a Tuesday court filing.

Tribune News Service

Elon Musk's run as Twitter CEO comes to end, billionaire to step down in few weeks

Twitter CEO Elon Musk has decided to step down from the post. The Billionaire has decided not to Function as Twitter CEO after a few weeks.

Dynamite News

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Profits jump at Buffett's company ahead of annual meeting

Warren Buffett's company said its first-quarter profits soared along with the paper value of its investment portfolio

The Independent UK

Let the Expert Regulators Investigate the Tegna Deal

Questions raised make FCC right to refer Standard General’s acquisition for hearing

Broadcasting & Cable

New Documents Spills Ehuk Barak’s Association With Jeffrey Epstein Including Other Notable Names

It was documented that Barak was a regular guest at Epstein's house that included Noam Chomsky over Palestine policies.

Zenger

Roberts declines Senate request to testify on court ethics

Chief Justice John Roberts has declined a request from the Senate Judiciary Committee to testify at a hearing next week on ethical standards at the court, instead providing the panel with a statement of ethics reaffirmed by the court’s justices

The Independent UK

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London founders of Getty Images to pocket almost $2 billion from sale to private investor

The founders of Getty Images are set to pocket almost $2 billion (£1.6 billion) from the sale of their stake in the company after activist investor Trillium Capital said it had made a cash offer to take the company private.

Evening Standard

Guest Blog: FCC Was Right To Not Greenlight Standard General-Tegna Deal at Expense of Local News

NABET-CWA chief says decision to designate merger for review is a matter of due process

Broadcasting & Cable

Elon Musk pictured with son X AE A-XII in rare outing in Miami

The tech mogul was seen carrying the toddler backstage after delivering a keynote address at the Possible marketing conference

Evening Standard

Michael Hiltzik: With a $300 million donation to Harvard, a hedge fund billionaire shows why we need a wealth tax

Harvard University wants us to bow down to the exceptional generosity of Kenneth C. Griffin, a hedge fund billionaire who just made a $300 million gift to the school's graduate program.

Los Angeles Times

Buffett says people shouldn't worry about Berkshire, banks

Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he's no longer around to lead the conglomerate because Vice Chairman Greg Abel will do a great job and the conglomerate's basic model won't change

The Independent UK

Elon Musk fired 80% of Twitter workforce but insists ‘we’re headed to a good place’

The billionaire said the ‘pain level has been extremely high, this hasn’t been some kind of party’

Evening Standard

Citadel’s Ken Griffin gives $300 million to Harvard University

Billionaire Ken Griffin has given $300 million to Harvard University, his biggest gift ever to his alma mater.

Tribune News Service

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The Guardian - US

Harvard to rename school after top Republican donor following $300m gift

Graduate school of arts and sciences to be named in honor of Ken Griffin, 54, hedge-fund billionaire and world’s 35th richest person

The Guardian - US

Twitter’s ex-CEO sues company after legal turmoil

Parag Agrawal and other executives allege they have spent more than $1m out of pocket on fees

Tribune News Service

Ex-Twitter CEO reveals DOJ probe in pursuit of legal fees repayment

Twitter Inc.’s former chief executive officer revealed the U.S. Justice Department and the U.S. Securities and Exchange Commission investigated the social-media platform in the past as part of his effort to force the company to cover legal fees related to lawsuits and government probes.

Manchester Evening News

Manchester United takeover latest: Senior UK Government officials flag Sheikh Jassim 'concerns'

The latest Man United takeover news out of Old Trafford

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Chicago Tribune

Latest Forbes list shows Musk, Trump, and others are worth less, while Illinois lost its wealthiest resident

Forbes published its annual billionaires list Tuesday and for the first time in years, hedge fund manager Ken Griffin is not the richest person in Illinois.

Daily Record

Wife leaves one of world's richest men for woman and gets $1 billion divorce pay-out

Israel 'Izzy' England has been left 'humiliated' after his ex-wife Caryl left him for art dealer Dominique Lévy and the women filed a lawsuit against him containing some shocking allegations.

Daily Record

Grieving young widow opens up on husband's 'good death' with Marie Curie hospice support

Hayley Smith, whose husband, Matthew died in a Marie Curie hospice of brain tumours, has spoken of the final year of his life.

Daily Record

Grieving young widow opens up on husband's 'good death' with Marie Curie hospice support

Lanarkshire woman Hayley Smith, whose husband, Matthew, died in a Marie Curie hospice of brain tumours, has spoken of the final year of his life.

Salon

Israel's liberal backers: More denial

Many Jewish Americans are alarmed by Netanyahu's coup — but they're not ready to face the truth about Israel

Al Jazeera

Elon Musk apologises after mocking disabled ex-Twitter employee

Twitter CEO had questioned former staffer about his work, disability and need for accommodations.

The Independent UK

Elon Musk mocks laid-off Twitter employee with disability

If you’re not told you are fired, are you really fired

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