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Two names are likely to draw attention: LeBron James, the superstar basketball player, and Drake, the rapper. James and Drake are committing additional capital as “strategic investors,” and are expected to use their marketing power to help the tour broaden its audience. James and the PGA Tour commissioner, Jay Monahan, were at the home of Tom Werner, F.S.G.’s chairman, recently discussing just that, DealBook hears. Fans may see the stars around the greens, perhaps in the same way Drake is a frequent courtside presence at Toronto Raptors games. I remember some of my best childhood memories was being on the golf course with my uncle,” Drake said in a statement to DealBook.

Persons: LIV Golf, wasn’t, LeBron James, Drake, Steve Cohen, Arthur Blank, Marc Lasry, James, Jay Monahan, Tom Werner, F.S.G, ’, DealBook, ” Drake, “, ” Organizations: Fenway Sports Group, PGA, PGA Tour, Toronto Raptors Locations: Saudi

☆ Tour this $24 million mansion in Delray Beach, Florida, where home prices have doubled
▼ + stars: | 2024-03-04 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

watch nowThe owners of this Florida mansion are asking for $24 million for their almost 11,500 square-foot residence inside one of the most expensive gated communities in Delray Beach, Florida. Over the past five years, the Delray Beach market has more than flourished — it has skyrocketed. "But Delray Beach is, without question, one of the region's premier luxury residential markets." An aerial view of the Rockybrook Estate in Delray Beach, Florida. Here's a look inside the 6 bedroom, 10 bathroom Villa Ananda:Aerial view of 9303 Hawk Shadow Lane in Delray Beach.

Persons: Villa Ananda, Daniel Petroni, Senada Adzem, Villa, Adzem, Steve Cohen, Khalil Mack, Gerry Smith, Romeo Santos, Antonio Neri, Neri, Rockybrook, Douglas Elliman, Krent Wieland, Inson Dubois, Liaigre Organizations: CNBC, Miami, Palm, National Football League, Hewlett Packard Enterprise, Adzem, HP Enterprise Locations: Florida, Delray Beach , Florida, Delray Beach, Manhattan , New York, Miami, Delray, Stone, South Florida, Italy's, Adzem

☆ The fastest-growing hedge funds are now investing conglomerates. That's changing how investors judge the biggest firms.
▼ + stars: | 2024-02-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

The rise in multi-manager hedge funds over the past five years has forced allocators to create a separate due diligence model for the fastest-growing segment in the industry. Even an executive at a midsized multi-manager admits their firm and its peers are "more like corporations than hedge funds." AdvertisementA new type of hedge-fund kingsFounders were once simply the best traders and money-makers, spinning out of banks' trading desks and larger hedge funds. Bobby Jain, the former Millennium executive starting his own multi-billion hedge fund, hasn't traded in decades but was a part of the leadership team at one of the biggest hedge funds in the world. Jobs at multi-manager platforms are roughly a quarter of the industry's overall roles, despite these funds holding roughly 14% of the assets.

Persons: —, allocators, Griffin's, Izzy Englander's, Jack Springate, Allen Cheng, Cheng, Bobby Jain, hasn't, Michael Gelband, Dmitry Balyasny, Steve Cohen, Izzy Englander, Ajay, Kevin Lyons, Lyons, Springate Organizations: Service, Business, Fortune, Goldman Sachs Asset Management, Aon, Millennium, Treasury Locations: Schonfeld's

☆ Hot hedge fund trends collide at a new AI-powered multi-strategy fund
▼ + stars: | 2024-02-26 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Ascendance Asset Management, founded by former AllianceBernstein investor Bob Kim, will be a multi-strategy hedge fund that plans to integrate artificial intelligence across the investing and risk management process, several sources familiar with the matter told Business Insider. Kim was the director of research at Visium and a portfolio manager for Izzy Englander's Millennium before working as the chief investment officer for AB's Arya fund, the multi-billion multi-strategy fund within the asset manager's alternatives business. AdvertisementThe firm also brought on a former executive from billionaire Stan Druckenmiller's hedge fund Duquesne, John Kovitch, to be its head of trading. The goal, sources told BI, is for each portfolio manager to have their own personalized AI agent helping them trade. These firms need people, especially investing talent, pushing up compensation and guaranteed payouts across the industry.

Persons: Bob Kim, Ascendance, Kim, Izzy Englander's, AB's Arya, Josh Adam, Adam, Steve, Goldman Sachs, Stan Druckenmiller's, John Kovitch, Bobby Jain's Jain Organizations: Service, Management, Industry, Business, SAC, Duquesne, Citadel Locations: New York, London, Asia, GLG

☆ Wall Street just can't get enough of Nvidia
▼ + stars: | 2024-02-16 | by ( George Glover | Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Wall Street's excitement about Nvidia has reached a fever pitch as its valuation soars. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementExcitement on Wall Street about Nvidia is reaching a fever pitch after the chipmaker’s market value surpassed both Amazon and Google owner Alphabet this week. Nvidia is set to report its earnings for the final three months of 2023 on Wednesday. “If AI is the next industrial revolution, then absolutely we could see Nvidia’s valuation surge continuing,” Katherine Brooks of online broker XTB, told Business Insider.

Persons: Ray Dalio, Paul Tudor Jones, David Tepper, —, Ray Dalio’s, Kenneth Fisher’s Fisher, Jim Chanos, Steve Cohen’s Point72, It’s, Jensen, ” Katherine Brooks, XTB Organizations: Nvidia, Carolina Panthers, Service, Google, Traders, Reuters, Ray Dalio’s Bridgewater Associates, Kenneth Fisher’s Fisher Investments, Paul Tudor Jones ’ Investment Corp, Big Tech

☆ Anthony Vaccarino, once subpoenaed during the Department of Justice's investigation into billionaire Steve Cohen, has rejoined his old boss
▼ + stars: | 2024-02-13 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Anthony Vaccarino, once a portfolio manager at SAC, is working for Steve Cohen again. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAnthony Vaccarino is back for his second stint under billionaire Steve Cohen. He is reporting to the head of that unit, Andrew McEntire, and working with teams across Point72’s long-short equity strategies.

Persons: Anthony Vaccarino, Steve Cohen, Vaccarino, —, AJ, Point72, Andrew McEntire, Cohen, Sol Kumin, Tom Conheeney, Steve Kessler, Phil Villhauer Organizations: SAC, Fourth Asset Management, Service, New York Mets, SAC Capital Advisors, Department of, Business Locations: Point72

☆ Your next landlord may be a pro sports team
▼ + stars: | 2024-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

But team owners in recent years have turned to real estate development to bring in extra cash and drive up the asset values of their franchises. “It makes perfect sense for a team owner to play real estate,” said Propheter. “That means that team owners do have a lot of leverage,” he said. “Stadium subsidies transfer wealth from the general tax base to billionaire team owners, millionaire players, and the wealthy cohort of fans” who regularly attend games. “Generally speaking, the people who come off well are the team owners and the developers,” Zimbalist said.

Persons: ”, Geoffrey Propheter, Daniel Slim, “, Andrew Zimbalist, Louis, Harry Cabluck, Bruce Ratner, Stan Kroenke, Matthew Grimes Jr, Steve Cohen, Mark Cuban’s, Adelson, “ I’m, ” Zimbalist Organizations: New, New York CNN, Professional, Billionaire, University of Colorado Denver, Sofi, Getty, Washington Wizards, Capitals, Sweet, Smith College, Riverfront, Busch, Baltimore Orioles, Camden, Barclays Center, Nets, Los Angeles Rams, “ Battery, Atlanta Braves, Golden State Warriors ’ Chase Center, Texas Rangers, Globe, Arlington, New York Mets, Hard, Citi Field . Dallas Mavericks, Vegas Sands Corp, Management Locations: New York, North America, Inglewood , California, AFP, Washington, Alexandria , Virginia, Cincinnati, St, Pittsburgh, Brooklyn, New Jersey, ”, “ Battery Atlanta ”, Truist, Atlanta, San Francisco, “, City, Arlington , Texas, ” Cuban

☆ No PMs, no extra fees: Here's a look at former Point72 president's new 'alpha-capture' fund hoping to raise $1 billion
▼ + stars: | 2024-02-08 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFormer Point72 president Doug Haynes is looking to revive a strategy he previously ran for billionaire Steve Cohen for his new fund launch. This story is available exclusively to Business Insider subscribers. Last year, billionaire Millennium founder Izzy Englander described it as a "talent bubble" while speaking at the Robin Hood conference. Business Insider previously reported that Haynes had hired people such as D1 Capital's former director of research Michael Lean to be a part of the new venture.

Persons: —, Doug Haynes, Steve Cohen, Haynes, Latitude's, Chris Coward, Izzy Englander, Robin Hood, Michael Lean, Cohen, Lauren Bonner, Bonner Organizations: Service, Business, Robin Locations: shuttering, Palm, Point72

☆ In 1870, a Black woman sued her enslaver for reparations and won
▼ + stars: | 2024-02-04 | by ( Christine Jean-Baptiste | ) www.businessinsider.com time to read: +5 min

Read previewHenrietta Wood was born into slavery to the Tousey family in Kentucky between 1818 and 1820. AdvertisementIn an April 1878 article about Wood's lawsuit, The New York Times suggested that more formerly enslaved Americans may ask for reparations. "The United States Government may be asked to make good the loss of those whose property was suddenly clothed with the right of manhood," The Times wrote. While there has been more vocal support for reparations in recent years, and individual states have instituted their own reparations committees, federal efforts have stalled. Last May, Democratic Rep. Cori Bush proposed Reparations Now, legislation that would push the federal government to provide reparations to the descendants of enslaved people.

Persons: —, Henrietta Wood, Henry Forsyth, Wood, William Cirode, Cirode, Jane, Jane Cirode, Zebulon Ward, Josephine, Robert White, Wood's, Ward, Caleb McDaniel, …, Danielle Blackman, Jim Crow, Steve Cohen, Cori Bush, Bush Organizations: Service, Business, The New York Times, United, United States Government, Times, Northwestern University's School of Law, Rice University, Seattle Times, Senate, Democratic, Tennessee Locations: Kentucky, Louisville, New Orleans, Cincinnati, Ohio, Hope, Chicago, America, United States

☆ PGA Tour secures up to $3 billion from U.S. investors as LIV Golf merger hangs in the balance
▼ + stars: | 2024-01-31 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. A U.S. consortium has agreed to invest up to $3 billion into the PGA Tour, the professional golf organization announced on Wednesday. Under the terms of the deal, the investor, Strategic Sports Group, will become a minority owner in PGA Tour enterprises, the for-profit entity of the PGA Tour. "Today marks an important moment for the PGA Tour and fans of golf across the world," PGA Tour Commissioner Jay Monahan said. "By making PGA Tour members owners of their league, we strengthen the collectives investment of our players in the success of the PGA Tour," Monahan said.

Persons: LIV, PIF, Jay Monahan, " Monahan, Fenway Sports Group's John Henry, Arthur Blank, Steve Cohen, Tom Ricketts, Wyc Grousbeck, John Henry, Monahan, Henry, Yasir Al, Rumayyan, Critics, Prince Muhammad bin Salman, LIV Golf, Phil Mickelson, Dustin Johnson, Brook Koepka, John Rahm Organizations: PGA Tour, Strategic Sports Group, Saudi, PGA, Fenway Sports, Atlanta Falcons, Arthur Blank , New York Mets, Chicago Cubs, Boston Celtics, Fenway Sports Group, Saudi Public Investment Fund, Saudi Public Investment, CNBC, Justice Department Locations: Cromwell , Connecticut, U.S, Arthur Blank ,, Saudi Arabia, Saudi

☆ Sports investing has taken off, but the biggest prize in the industry remains almost untouchable
▼ + stars: | 2024-01-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 3 things in marketsJim Esposito, Goldman Sachs' head of global markets and banking, is set to retire from the bank, the firm said Monday. Jim Esposito is leaving Goldman Sachs after nearly 30 years. While he didn't share his next move, he told peers he'd "bleed Goldman Sachs forever." Goldman Sachs says rate cuts need to be on the menu in March.

Persons: —, Brooks Koepka, Rory McIlroy, Keyur Khamar, Marc Lasry, Steve Cohen, Aaron Mok, LeBron James, — Arthur Blank, Gerry Cardinale, Goldman Sachs, who's, Lasry, Cohen, Point72, it's, Patrick Smith, Peacock, David Tepper, Jim Esposito, We've, he'd, Jean Boivin, David Mericle, NurPhoto, Getty, Javier Zayas, Kevin Winter, Tyler Le, Critics, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Costco, Getty, PGA Tour, Fenway Sports Group, NFL's Atlanta Falcons, Capital Group, Milwaukee Bucks, New York Mets, NFL, Denver Broncos, Washington, Washington Post, Kansas City Chiefs, San Francisco 49ers, Carolina Panthers, BlackRock, Spotify, Apple, Google, Entertainment, Netflix, Studios, HBO, Disney, Walmart, Microsoft, Business Locations: Vegas, BlackRock, New York, London

☆ Steve Cohen and other sports investors set to pump billions into the PGA Tour
▼ + stars: | 2024-01-29 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

A US sports consortium is set to pump billions into the PGA Tour, according to a new report. The PGA Tour didn't immediately respond to a request for comment from Business Insider before publication. The major investment comes amid an ongoing rivalry between the PGA Tour and LIV Golf. Families of the 9/11 terrorist attacks criticized the PGA Tour for the merger, classifying the decision as a demonstration of "hypocrisy and greed." "We cannot compete with a foreign government with unlimited money," Jay Monahan, the commissioner of PGA Tour, told The Wall Street Journal regarding the merger.

Persons: Steve Cohen, Cohen, Marc Lasry, LIV Golf, LIV, Phil Mickelson, Jay Monahan Organizations: PGA, Strategic Sports Group, Saudi Public Investment Fund, Bloomberg, Business, New York Mets, Cohen Private Ventures, Milwaukee Bucks, Fenway Sports, PGA Tour Enterprises, LIV Golf, Saudi Arabia's Public Investment Fund, PGA Tour, Wall

☆ Wall Street's rocky start
▼ + stars: | 2024-01-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn today's big story, we're looking at how there are still plenty of risks in the market despite big expectations. What's on deck:Chip Somodevilla/Getty ImagesOne of the best indicators of the year ahead comes from banks' Q4 earnings. BI's finance team has a roundup of the biggest Wall Street firms' earnings reports and what it means for their hiring plans.

Persons: Donald Trump, Vivek Ramaswamy, —, Chip Somodevilla, BI's Michelle Abrego, Rebecca Ungarino, Kevin O'Leary, Mark Davis, Goldman, Sharmin, Rahmani, Morgan, Steve Cohen, Sundar Pichai, Boris Streubel, Rebecca Zisser, Apple, Mike Katz Organizations: Republican, GOP, Service, Citi, JPMorgan, BlackRock, Staff, Getty, Goldman Sachs Wealth, New York Mets, Google, Hertz, Business, Bloomberg Locations: Iowa, Google's Berlin, San Diego, Austin

☆ Gilgo Beach murders: timeline of the case and investigation
▼ + stars: | 2024-01-15 | by ( Emma Tucker | Authorities Find First Remains In Gilgo Beach Murders | ) edition.cnn.com time to read: +12 min

CNN has reached out to Heuermann’s attorney, the Suffolk County District Attorney’s Office and the Suffolk County Police Department for comment. Here is a timeline of the Gilgo Beach killings, how the investigation unfolded and what ultimately led to Heuermann’s arrest. Two days later, investigators discovered the remains of three additional victims – Maureen Brainard-Barnes, Amber Costello and Megan Waterman – strewn across a half-mile stretch on Gilgo Beach. Authorities later said they believed Gilbert’s death may have been accidental and not related to the Gilgo Beach slayings. The task force included the Suffolk County Police Department, the Suffolk County Sheriff’s Office, the New York State Police and the FBI.

Persons: Long, Rex Heuermann, ” Heuermann, Melissa Barthelemy, Megan Waterman, Amber Costello, Maureen Brainard, Barnes, Heuermann, Amber Lynn Costello, Shannan Gilbert, hadn’t, “, Barthelemy, ”, Jane Doe, Jessica Taylor, Spencer Platt, Steve Cohen, Barthelemy’s, Cohen, James Carbone, WH ”, Geraldine Hart, “ Jane Doe, Valerie Mack, Hart, Rodney Harrison, Ray Tierney, surveilling, “ Brainard, Tierney, Harrison, Eduardo Munoz Alvarez Organizations: CNN, Authorities, Attorney, CNN Sunday, Attorney’s Office, Suffolk County Police Department, Police Department, Police, Craigslist, Garden, Getty, New York’s Suffolk County Police Department, FBI, Suffolk County Police, Sheriff’s Office, New York State Police, New, Suffolk County Crime Laboratory, RH, & Associates Locations: Shore, York, Suffolk County, Suffolk, Megan Waterman Suffolk, Gilgo Beach, Gilgo, Jersey City , New Jersey, Manhattan, Madison, Manorville, Long, Wantagh , New York, Nassau County, New York City, Fire, Beach, Oak Beach , New York, ”, New York’s Suffolk County, Philadelphia, New York, Heuermann, Yaphank

☆ 16 VCs that are funding the future of entertainment by backing generative AI and other disruptive tech
▼ + stars: | 2024-01-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +17 min

AdvertisementAfter a period of "wild west" investing in AI, Blank believes activity will favor AI companies that respect artists' consent and compensation. It recently co-led a $1 million seed round in Conduiit, which centralizes entertainment companies' production finance operations. Endeavor Venture InvestmentsEndeavor Venture Investments is the venture arm of entertainment and sports behemoth Endeavor. SWaN & LegendThe Virginia-based VC firm has a broad consumer portfolio that includes a number of entertainment investments. With Hollywood in contraction, SWaN has largely hit pause on new entertainment investments to get its portfolio companies on a strong footing.

Persons: Michael Blank, Blank, Jon Miller, Miller, Slack, Garnet Heraman, BDMI, Urs Cete, Michael, TMRW, Tiger Woods, Rory McIlroy, Elysian Park Ventures Jay Adya, Grant Lamos, Tom Brady, Gotham Chopra, Michael Strahan, Jay Adya, Morgan, Kushaan Ahuja, Drew Glover, Glover, Alex Harris, they've, Noah Doyle, Payback India, Jed Katz, Rich Greenfield, Rich, Ilya Pozin, Jamie Seltzer, LightShed, Steve Cohen's, it's, Sri Chandrasekar, Tripp Shriner, Ishan Sinha, That's, Wondery, Ian Doody, Raine, Gordon Rubenstein, Joe Ravitch, Jeff Sine, ‐, Fred Schaufeld, SWaN, that's, Oscar, Jose, Schaufeld, Sam Wick, Alex J, Investcorp, Paul Yoo, Edgar Bronfman Jr, Daniel Leff, Waverley, Leff Organizations: Service, Creative Artists, Connect Ventures, Business, Hollywood, Veteran, TPG, Integrated Media Co, Advancit, CAA, Bertelsmann, Waverley, Octopus Ventures, Accel, Facebook, Venture, Aperture Venture, Bertelsmann Digital Media Investments, Fremantle, Connect, CAA Connect Ventures, New Enterprises Associates, TMRW Sports, Disney, Universal, Elysian Park Ventures, Elysian, Sports, Endeavor Venture, Endeavor Venture Investments, behemoth Endeavor, Dapper Labs, Fiat Ventures, Fiat Ventures Fiat Ventures, Fiat, Payback, Rent, LightShed, Rich Greenfield Influential, LightShed Ventures, Pluto, Apple, Octopus Ventures Octopus Ventures, Investments, Corp, Etsy, Re, Point72 Ventures New York Mets, Range Media Partners, Point72 Ventures, Sri, Powerhouse, Athletic, The New York Times Co, Evolution Media, Creative Artists Agency, Astro, Rave Digital Media, Accel Entertainment, Jose Andrés Media, Berliner, UTA Talent, UTA, UTA Ventures, Ventures, VR, Amazon, PFL Locations: blockchain, —, Conduiit, fintech, London, Australia, Papercup, Los Angeles, Virginia, UTA.VC

☆ Wall Street opens wallets wide for 'Trump alternative' Nikki Haley at $500K fundraiser
▼ + stars: | 2023-12-05 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Attendees were asked to give between $3,300 and $16,600 per person to Team Stand for America, a joint fundraising committee benefiting her campaign, according to the invitation. A spokesman for Elliot did not return requests for comment. Chambers, Rosenkranz, a representative for for JPMorgan and a spokeswoman for AQR did not return requests for comment. A spokeswoman for the Haley campaign did not return requests for comment. Haley is trailing Trump nationally by around 50 percentage points, according to a Real Clear Politics polling average.

Persons: Nikki Haley, Haley, Donald Trump, Campbell Brown, Dan Senor, Paul Singer, Annie Dickerson, Singer's, Steve Cohen, Singer, Cliff Asness, Kristin Lemkau, Robert Rosenkranz, Ray Chambers, Lemkau, Jamie Dimon, Asness, Brown, Eric Levine, they're, Levine, Elliot, Chambers, AQR, Ken Langone, Democratic megadonor Reid Hoffman Organizations: Republican Party, Bluffton SC, Former U.S, United, New York, Wall Street, Facebook, Elliot Investment Management, Elliot Management, Politico, AQR Capital Management, JPMorgan, Delphi Capital Management, NHL's New Jersey Devils, New York Times, CNBC, Hamas, America, Trump, Home Depot, Democratic, Haley Locations: Bluffton, United States, New, Iowa, New Hampshire, South Carolina, NHL's, New York

After saying he had not met with Ohtani, Counsell was asked whether anyone in the Cubs front office had. Counsell replied: “I have not.”Japanese pitcher Yoshinobu Yamamoto, another prized free agent, could be sought by the New York Yankees and Mets, who set payroll records this year in their third season under owner Steve Cohen. The Mets' projected final 2023 payroll is about $346 million and their luxury tax roughly $102 million. Political Cartoons View All 1283 Images“I don’t know if anybody can compete with Steve Cohen,” Yankees general manager Brian Cashman said. He's had a lot of success and built an empire which has allowed him to do things like the Mets.

Persons: — Dave Roberts, Shohei, Roberts, Bob Fosse, Ross Atkins, I’m, Craig Counsell, Ohtani, Counsell, “, Yoshinobu Yamamoto, Steve Cohen, ”, Brian Cashman, He's, ” Cashman, Juan Soto, Preller, Mike Shildt, Cashman, Alex Verdugo, Greg Weissert, Chris Devenski, Erick Fedde, he’s, Yamamoto, AP Sports Writers Teresa Walker, Jay Cohen, ___ Organizations: Los Angeles Dodgers, Toronto, ” New Chicago Cubs, Cubs, New York Yankees, Mets, ” Yankees, Padres, New Padres, Soto, Yankees, Boston Red Sox, Tampa, NC Dinos, Chicago White Sox, Associated Press, Cleveland, MLB, Dodger, Dodgers, Orix Buffaloes, Lotte Marines, AP Sports Writers Locations: Tenn, ”, San Diego, Miami, South Korea, Japan

☆ How Dmitry Balyasny's $21 billion hedge fund is looking to get ahead in the war for investment talent
▼ + stars: | 2023-11-28 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +6 min

One firm he was considering stood out to him: Dmitry Balyasny's namesake hedge fund and its program for up-and-coming portfolio managers, Anthem. Hedge funds are finding that to win the talent wars, it's not enough to have deep pockets to attract portfolio managers. He said that in the past year, $21 billion Balyasny had hired 40 portfolio managers. Its global equities head left in October, as did several other portfolio managers . They operate within a risk framework that is tighter than that imposed on veteran portfolio managers at the firm.

Persons: Sebastiaan De Boe, Dmitry Balyasny's, De Boe, Balyasny, It's, quants, Bridger, it's, they're, Bill Wappler, Wappler, Steve Cohen's Point72, They're, who've, who's, Seb Organizations: Citadel, Business, BAM, Kids Investors Conference, Millennium Management, Equity, Balyasny Asset Management, Balyasny, London Business School Locations: Toronto, Chicago, multistrategy, quant, Europe, London

CNN —American Airlines said it is reviewing a video posted on TikTok that shows a baggage handler releasing a passenger’s wheelchair to slide down a jet bridge chute, where it crashed into a metal barrier, flipped over and tumbled onto an airport tarmac. In the video, as the first man lets the wheelchair go, a second baggage handler, who is on the ground at the other end of the chute and wearing an American Airlines vest, steps back. American Airlines said in a statement, “We recognize how important it is to support the independence of customers with disabilities by ensuring the proper care of mobility devices throughout their journey with us. In 2022, American Airlines’ rate of damaging, delaying or losing wheelchairs and scooters was 2.00 per 100, DOT statistics show. It also calls on the agency to study whether it is possible for passengers to use wheelchairs in the main cabin.

Persons: Haeley Dyrdahl, Dyrdahl, ”, “, Pete Buttigieg, Sen, Tammy Duckworth, ” Duckworth, “ It’s, Duckworth, John Thune, –, Steve Cohen, Pete Stauber, CNN’s David Williams, Ross Levitt, Gregory Wallace Organizations: CNN — American Airlines, Miami International Airport, CNN, American Airlines, Transportation, Department of Transportation, DOT, United Airlines, Illinois Democrat, Republican, Senate Commerce, Science, ”, Tennessee Democrat, Minnesota Republican Locations: America, American, Illinois, South Dakota, Tennessee, Minnesota

☆ Tiger Woods' new golf league delays start of season by a year after venue collapse
▼ + stars: | 2023-11-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Tiger Woods and Rory McIlroy's indoor golf league, TGL, has postponed its inaugural season by a year until the start of 2025, the organization said Monday. But TGL delayed the season, which was expected to start in January, after speaking to key partners. "This decision came after reviewing short-term solutions, potential construction timelines, player schedules, and the primetime sports television calendar," the league said in a statement. TGL, which counts the PGA Tour as a partner, was founded by McIlroy, Woods and former NBC executive Mike McCarthy. The trio wants to create a primetime indoor golf league to attract new fans to the sport at as the emergence of the Saudi-backed LIV Golf, and then its proposed merger with the PGA Tour, left golf at a crossroads.

Persons: Woods, Rory McIlroy, Tiger Woods, Rory McIlroy's, TGL, McIlroy, Mike McCarthy, LIV Golf, Steve Cohen, Arthur Blank, Alexis Ohanian, Serena, Venus Williams, Stephen Curry, Lewis Hamilton, Alex Morgan, Justin Timberlake, Tony Romo, Josh Allen, Rosalyn Durant Organizations: Northern, Augusta National Golf Club, Tiger, SoFi, NBC, PGA Tour, Atlanta Falcons, Fenway Sports Group, ESPN Locations: United States, Augusta , Georgia, Palm Beach Gardens , Florida, Saudi

☆ Where are they now: The many fascinating Bridgewater employees from the book on Ray Dalio 'The Fund'
▼ + stars: | 2023-11-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +17 min

The new book, "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" — which Dalio and his lawyers have pushed back against — describes everything from Bridgewater's investment process to internal grudges and backstabbing to allegations of sexual harassment. Here are the places where the dozens of Bridgewater employees and consultants named in the book ended up. Dalio, the book said, wrote into the firm's bylaws that he could never hold that title again. Before that, she was the head of investment research and a co-chief investment officer for sustainability. He's worked at different funds since leaving in 2006, including Larch Lane Advisors and Bonaccord Capital as an investor and business-development professional.

Persons: Rob Copeland's, Ray Dalio, Dalio, —, Bridgewater, Greg Jensen, YouTube Dalio, nixed, Copeland, He's, Jensen, Eileen Murray, Morgan Stanley, David McCormick, Dina Powell, McCormick, Dave McCormick, Michael M, Nir Bar Dea, Stefanova, Dalio's, Paul McDowell, Bob Eichinger, McDowell, Eichinger, Jen Healy, Osman Nalbantoglu, Matthew Granade, Steve Cohen, Steve Cohen's Point72, Bob Prince, politicking, Karen Karniol, Bridgewater Associates Karen Karniol, Vladimir Putin, Bob Elliott, Elliott, James Comey, Winn McNamee, Barack Obama, Donald Trump, Hillary, Britt Harris, Bridgewater's, Julian Mack, L, Michael Partington, Spencer Stuart, Niko Canner, Jon Rubinstein, Beck Diefenbach Jon Rubinstein, Steve Jobs, Tom Adams, Rosetta Stone, J, Michael Cline, Cline, Kevin Campbell, Campbell, Craig Mundie, Bill Gates, Gates, Mundie, Bill Clinton, George W, Bush, David Ferrucci, IBM's Watson, Ferrucci, Keith Alexander, Alexander, Larry Culp, Culp, Jamie Gorelick, conscientiously, Clinton, Jared Kushner, Jesse Horwitz, Comey, Horwitz, Samantha Holland, Perry Poulos, Murray, Joe Sweet, Tara Arnold, Arnold —, Leah Guggenheimer, She's, Charles Korchinski, Harris, Kent Kuran Organizations: New York Times, Bridgewater Associates, Business, Bridgewater, YouTube, HSBC, Broadridge, Life Insurance, Wells, Treasury Department, Republican, Getty, GOP, Israel Defense Forces, Marto, Princeton University, McKinsey, Point72, Bridgewater didn't, Domino Data, CircleUp, FBI, Trump, of, University of Texas Investment Management Co, Apple, Dalio, Health, Cognition, Mundie, National Security Agency, Amazon, General Electric, Boston Globe, Electric, Trump White House, Harvard Law School, —, Hubble, Stefanova's Marto, HBR Consulting, MIO Partners, Burford, Larch Lane Advisors, Bonaccord, Eaton Partners, Stanford, NextEra Energy Resources Locations: Bridgewater, Connecticut, Pennsylvania, China, San Francisco, of Texas, Atlanta, WilmerHale, Asia, India, Shanghai, Singapore, Israel, Africa

☆ These 22 House Democrats voted to censure Rep. Rashida Tlaib for her rhetoric on Israel — while these 4 Republicans voted against it
▼ + stars: | 2023-11-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

22 Democrats voted for a more narrow resolution proposed by a different House Republican. 22 House Democrats voted with the vast majority of Republicans to support a censure resolution put forward by Rep. Rich McCormick of Georgia condemning Tlaib. 4 Republicans voted against it, largely on free speech grounds, while 3 Democrats and 1 Republican voted present. That effort failed after 23 Republicans voted to table that resolution, and McCormick was among those who voted against it. Reps. Jared Moskowitz of Florida, Ritchie Torres of New York, and Josh Gottheimer of New Jersey all voted to censure fellow Democratic Rep. Rashida Tlaib of Michigan.

Persons: Rashida Tlaib, Marjorie Taylor Greene, —, Rashida, she's, Rich McCormick, Tlaib, McCormick, Jared Moskowitz, Florida, Ritchie Torres, Josh Gottheimer, Bill Clark, Anna Moneymaker, Ministry's, Adam Schiff of, Dave Joyce of Ohio, Abigail Spanberger, Donald Norcoss of, Susan Wild of, Steve Cohen, Jim Costa of, Angie Craig, Don Davis of, Lois Frankel, Jared Golden, Dan Goldman, Greg Landsman, Susie Lee, Kathy Manning of, Wiley Nickel, Chris Pappas, Marie Gluensenkamp Perez, Pat Ryan, Brad Schneider, Kim Schrier, Darren Soto, Debbie Wasserman Schultz, Frederica Wilson of, censuring Organizations: Palestinian American, Republican, Service, Republicans, Capitol, New, Democratic, Getty Images, Democratic Rep, Adam Schiff of California, Trump, Tennessee Rep, Jim Costa of California Rep, Minnesota Rep, Don Davis of North Carolina Rep, Florida Rep, Maine Rep, New York, New Jersey Rep, Ohio Rep, Nevada Rep, Kathy Manning of North Carolina Rep, North Carolina Rep, New Hampshire Rep, New York Rep, Illinois Rep, Washington Rep Locations: Israel, Michigan, Georgia, Tlaib, Gaza, New York, New Jersey, Russia, Virginia, Donald Norcoss of New Jersey, Susan Wild of Pennsylvania, Ohio, Florida, Frederica Wilson of Florida

☆ 22 House Democrats voted to censure Rep. Rashida Tlaib for her rhetoric on Israel — while 4 Republicans voted against it
▼ + stars: | 2023-11-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Persons: Rashida Tlaib, Marjorie Taylor Greene, —, Rashida, she's, Rich McCormick, Tlaib, McCormick, Jared Moskowitz, Florida, Ritchie Torres, Josh Gottheimer, Bill Clark, Anna Moneymaker, Ministry's, Adam Schiff of, Steve Cohen, Jim Costa of, Angie Craig, Don Davis of, Lois Frankel, Jared Golden, Dan Goldman, Greg Landsman, Susie Lee, Kathy Manning of, Wiley Nickel, Chris Pappas, Marie Gluensenkamp Perez, Pat Ryan, Brad Schneider, Kim Schrier, Darren Soto, Debbie Wasserman Schultz, Frederica Wilson of, censuring Tlaib Organizations: Palestinian American, Republican, Service, Republicans, Capitol, New, Democratic, Getty Images, Democratic Rep, Adam Schiff of California, Trump, Tennessee Rep, Jim Costa of California Rep, Minnesota Rep, Don Davis of North Carolina Rep, Florida Rep, Maine Rep, New York, New Jersey Rep, Ohio Rep, Nevada Rep, Kathy Manning of North Carolina Rep, North Carolina Rep, New Hampshire Rep, New York Rep, Illinois Rep, Washington Rep Locations: Israel, Michigan, Georgia, Tlaib, Gaza, New York, New Jersey, Russia, Ohio, Florida, Frederica Wilson of Florida

NEW YORK (AP) — The New York Mets are hiring Yankees bench coach Carlos Mendoza as their manager, according to a person familiar with the decision. Mendoza spent the past four seasons across town as Aaron Boone's bench coach with the Yankees. He replaces Buck Showalter, fired by the Mets at the end of last season after holding the job for two years. Political Cartoons View All 1234 ImagesMendoza becomes the fifth Mets manager since Terry Collins’ seven-year tenure ended in 2017. Showalter took over in December 2021 and led the Mets to a 101-61 record and a playoff berth in 2022, when he was voted NL Manager of the Year.

Persons: Carlos Mendoza, Mendoza, Aaron Boone's, Buck Showalter, David Stearns, Steve Cohen, Terry Collins ’, — Carlos Beltrán, Craig Counsell, Stearns, Counsell, David Ross, hadn't, Stephen Vogt, Terry Francona, Showalter, Cy Young, Justin Verlander, Max Scherzer, ___ Organizations: New York Mets, Yankees, Associated Press, Mets, Venezuelan Winter League, NL East, Major League, Houston Astros, hometown Brewers, NL Central, Chicago Cubs, Cleveland Guardians, New Locations: Atlanta, . New York, Milwaukee, New York, San Diego

☆ The boomer market boon
▼ + stars: | 2023-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

With that in mind, Bank of America has a way the rest of us can cash in on the boomer boon, writes Insider's Aruni Soni. Millennials vs. boomer spending Bank of AmericaIf you don't want to invest in boomers, you could always just invest like them. Regardless of what you decide to do with your money, just don't bank on getting more of it from your relatives. The billionaire hedge fund boss and owner of the New York Mets isn't expecting a deep recession or prolonged market downturn. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, John Knox, Joe Raedle, boomers, They're, Insider's Aruni Soni, Treasurys, Insider's Filip De Mott, Cuban, Neil Cavuto, Steven Ferdman, Charlie Munger, Bill Ackman, Michael Baron, Steve Cohen, Linda Yaccarino, Elon Musk, Jerod Harris, Jenny Chang, Rodriguez, it's, Arantza Pena, Taylor Swift, Devin Booker, John Adams, Diego Maradona, Ivanka Trump, Keyatta Mincey, Parker, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bank of America, of America, Big Tech, Fox Business Network Studios, Dallas Mavericks, New York Mets, Elon, Elon Musk's, Microsoft, Google, Amazon Web Services, Kansas, HSBC Locations: Pompano Beach , Florida, New York City, Phoenix , Arizona, Local Kansas City, Kansas City, McDonald's, San Diego, London, New York

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