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The Latest Breaking News on Hedge Funds

Jeffrey Epstein 'planned to hire Prince Andrew to be an adviser for new consultancy'

Emails sent between paedophile Jeffrey Epstein and his private banker claimed to show they discussed hiring Prince Andrew as a "star advisor" for a new consultancy firm

Daily Mirror

Buffett’s Berkshire Hathaway Reduces Stake In Chinese EV Maker BYD

Speculation arises over a divergence in investment strategies between Buffett and his deputy Charlie Munger.

Zenger

Inside Justice Alito's WSJ pre-buttal

The Journal editorial page accused ProPublica of misleading readers in a story that hadn’t yet been published

Salon

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How Buffett’s Late-Night Call To Paulson Saved The Economy

Buffett's idea to inject capital into banks instead of buying assets proved to be a success in the 2008 financial crisis.

Zenger

Republican donor invested in UK firm owned by Tory peer close to Boris Johnson

Former Tory party adviser Lynton Crosby joined as director three months after hedge fund billionaire Kenneth Griffin invested £1m

The Guardian - UK

Wall Street Journal defends Alito op-ed, blasting ProPublica’s ethics investigation as ‘political assault’

Editorial board calls latest investigative report into Supreme Court ethics a ‘non-scandal built on partisan spin’

The Independent UK

Alito’s wrongdoing makes a supreme court ethics overhaul an imperative

Today’s supreme court is extremely powerful, increasingly political and decreasingly trusted. We need reform now

The Guardian - US

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Leonard Leo has key role in SCOTUS mess

Billionaire Paul Singer and the lodge owner "were both major donors to Leo's political groups," ProPublica reports

Salon

Wall Street Journal under fire for Justice Alito op-ed: ‘This has simply broken my brain’

Justice used Murdoch paper to defend 2008 private jet trip to King Salmon Lodge in Alaska

The Independent UK

Justice Alito refutes ProPublica report he should have disclosed luxury trip

Justice Samuel Alito says he didn't have to disclose a 2008 luxury trip to Alaska, or the flight on a private jet of hedge fund billionaire Paul Singer who had several cases before the high court.

WEKU

Justice Alito tries to get ahead of damning report about billionaire gifts with defensive Wall Street Journal op-ed

Conservative justice defends taking private jet to Alaskan fishing trip with hedge-fund billionaire with business before the court as justices face ongoing ethics questions

The Independent UK

"Beyond parody": Experts slam Alito trip

ProPublica asked Alito about the ethics concerns. He ran to the Wall Street Journal to attack their reporting

Salon

Donald Trump Jr's emails revealed as ex-president's son is accused of racism

The oldest son of former-President Donald Trump complained in the email about the number of Black families moving to Manhattan and complained that he will have to speak to his grandchildren in Spanish because so many Mexican people were coming into the US

Daily Mirror

Shocking emails reveal Donald Trump Jr making offensive comments about Mexicans and Black people

The emails are part of a long-running legal dispute between a friend of Mr Trump and the friend’s former employer

The Independent UK

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StockNews.com

Should Investors Be Watching Berkshire Hathaway Inc. (BRK.B)?

Warren Buffett’s Berkshire Hathaway (BRK.B) is rebounding from the slump last year thanks to strength in its insurance business. So, is the stock worth adding to your watchlists now? Read on.

The Guardian - UK

Crispin Odey’s name to be removed from hedge fund he founded

Odey Asset Management plans complete rebrand after Tory donor forced out over misconduct claims

The Independent UK

George Soros hands control of $25bn empire to 25-year-old son Alex

George Soros says his son Alex ‘earned’ his right to reign over his multi-billion empire

Chicago Sun-Times

Billionaire investor, philanthropist George Soros cedes control of empire to a younger son

Alex Soros, 37, will take over operations of the $25 billion empire. He will also oversee the Open Society Foundations, funding human rights and democracy movements globally.

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news in one place.

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The Independent UK

‘Octopus’ Tory donor ‘kissed receptionist on top of the head and tried to fondle her breasts’

Hedge fund boss – said to have hired ‘earls and girls’ – facing allegations of abuse or harassment by 13 women

StockNews.com

3 Stocks Poised for Price Surges

Resurging concerns about the Fed’s hawkish stance to tame stubbornly high inflation and recessionary fears have weighed heavily on investors’ sentiments. Therefore, it could be wise to own fundamentally strong stocks Biogen (BIIB), Celestica (CLS), and Biglari Holdings (BH) that look poised to maintain their momentum. Read on….

The Guardian - US

Twitter janitors in New York file lawsuit over firings and demand backpay

Suit alleges social media company violated city law when janitors were abruptly fired in December after Elon Musk took over

The Guardian - UK

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

Tribune News Service

‘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.

Dynamite News

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.

The Independent UK

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

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