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The Latest Breaking News on Hedge Funds

Tottenham: Former owner Joe Lewis avoids jail time for part in insider-trading scheme

The 87-year-old was fined $5million [£3.95m] and sentenced to three years’ probation

Evening Standard

Joe Lewis spared jail time for part in ‘brazen’ insider trading conspiracy

British billionaire who heads family that owns Tottenham Hotspur fined $5m and given three-year probation by New York judge

The Guardian - US

‘Potentially serious impropriety’: Labour questions Johnson’s Venezuela meeting

Former PM’s meeting with President Maduro, in capacity as hedge fund consultant, is under further scrutiny

The Guardian - UK

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Boris Johnson did not consult watchdog over paid role with hedge fund

Ex-UK PM was required to seek permission for paid role with Merlyn Advisors, for whom he spoke to Venezuela president

The Guardian - UK

US investor Elliott ends bid to buy UK retailer Currys

Bidder says multiple attempts to engage with high street group’s board were rejected

The Guardian - UK

Ex-Twitter Execs Sue Musk For Unpaid Severance

Former top executives of Twitter sued Elon Musk on Monday saying he has failed to pay them nearly $130 million after the billionaire took over the social media company and dismissed them.

International Business Times

Billionaire Ken Griffin Supports Nikki Haley in Presidential Race

Billionaire hedge fund manager Ken Griffin throws support behind Nikki Haley for the Republican presidential nomination, making two significant donations.

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What Is Insider Trading?

Investors often hear about rogue financiers caught in the act of "insider trading." But what is insider trading and how do you avoid it?

Kiplinger

Bill Ackman ‘losing it’ over plagiarism allegations against wife, Axel Springer says

Business Insider ran reports on Neri Oxman, wife of billionaire investor who helped oust Harvard head over alleged plagiarism

The Guardian - US

Media now in Bill Ackman’s sights after wife embroiled in plagiarism row

Billionaire vows to tackle ‘problems with how our media operates’ after Neri Oxman accused of plagiarism in PhD thesis

The Guardian - US

Clock ticking for Haslam family to sell stake in Pilot truck stops to Berkshire Hathaway this year

The clock is ticking for Cleveland Browns owner Jimmy Haslam and his family to decide whether to sell their remaining stake in the Pilot truck stop chain to fellow billionaire Warren Buffet's Berkshire Hathaway company

The Independent UK

Morgan Stanley and Allen & Overy helping oligarch’s efforts to seize Russian oil firm

Exclusive: Sergey Kolesnikov has supplied building materials to Russian military and for use in occupied Ukraine

The Guardian - UK

Bill Ackman says lifting from Wikipedia is not plagiarism after his wife’s work questioned

‘Neri has yet to vet yesterday’s plagiarism allegations, but she will get to them when she has time to do so,’ Mr Ackman wrote

The Independent UK

Wife of investor who pushed for resignation of Harvard president faces plagiarism accusations

‘I regret and apologize for these errors,’ Neri Oxman wrote after she was made aware of some of the allegations

The Independent UK

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Rev. Al Sharpton sparks controversy with remarks on DEI agenda

Join the fiery debate as Shelby Steele and Reverend Al Sharpton clash over the role of DEI and the resignation of Claudine Gay at Harvard. A passionate and...

The Guardian - US

Al Sharpton says ousted Harvard chief was ‘scapegoat’ in fight against diversity

Civil rights leader hosts protest outside office of alumnus who spearheaded campaign to remove Claudine Gay and criticized DEI

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Newslaundry

After Adani verdict, media revives Soros spectre, tries to attribute it to SC

On a day the Supreme Court granted relief to the Adani Group over petitions seeking an SIT probe into the Hindenburg report’s allegations, sections of the media seemed to revive the spectre of George Soros even when the billionaire hedge fund investor had found no mention in the 46-page verdict.

The Independent UK

Prince Andrew named in Jeffrey Epstein court documents as secret files made public

Scores of names are contained in long-running, now-settled defamation lawsuit brought by Epstein victim Virginia Giuffre

The Guardian - US

‘A bully’: the billionaire who led calls for Claudine Gay’s Harvard exit

US hedge fund manager Bill Ackman posts 4,000-word screed decrying ‘racism against white people’ after Gay’s departure

International Business Times

Berkshire Hathaway Adds Nearly $600M In Occidental Petroleum Stock After Permian Basin Acquisition

Warren Buffett's conglomerate increased its ownership of Occidental this week, signaling approval of the Houston-based oil company's purchase of CrownRock.

The Independent UK

Bill Ackman condemns doxxing of Harvard president’s home after antisemitism hearing saga

Non-profit news watchdog Accuracy in Media deployed four billboard-bearing trucks outside Claudine Gay’s home on Tuesday and Wednesday

The Independent UK

Berkshire can't use bribery allegations against Haslam in Pilot truck stop chain accounting dispute

A Delaware judge says Warren Buffett’s Berkshire Hathaway will not be allowed to use allegations that billionaire Jimmy Haslam tried to bribe employees at the Pilot truck stop chain as Berkshire defends itself in a trial over Pilot’s accounting practices

The Independent UK

Billionaire denies ‘resentment’ toward Harvard after failing to oust president

Comment comes after the Harvard board announced that university president Claudine Gay would keep her job

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