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AdvertisementTiger Management and $4 billion hedge fund Hound Partners are in a legal tussle. Tiger, the legendary investment manager founded by the late Julian Robertson, seeded Hound in 2004. Hound saw assets fall from $4.6 billion at the end of 2017 to $1.8 billion at the end of 2022, according to Tiger's suit. "There is no instance of which Tiger is aware where Mr. Auerbach sought a positive reference for his funds that Tiger declined to provide," Tiger's suit states. Auerbach did not work for Robertson's fund but was seeking capital to start his fund in 2004 when he met the billionaire.
Persons: Julian Robertson, Hound, Jonathan Auerbach, Tiger, Gabrielle Wesley, Auerbach, Robertson, Alex Robertson, it's, Julian Robertson's Organizations: Tiger Management, Partners, Hound Partners, Mars, America, Tiger, Tiger Cubs, Viking Locations: New York, Mars Wrigley
It took only a week for the Park fire north of Sacramento to grow into the fifth-largest in California history, signaling the potential for a destructive wildfire season across much of the Western United States. Almost 50 other large or notable fires were burning throughout the region on Wednesday, according to a New York Times tracker. Although this year doesn’t yet compare to 2020, the most destructive wildfire season of the last two decades, the sheer number of fires currently burning in Western states — both big and small — has threatened to overwhelm firefighting resources at a rate that worries experts so early in the season. “Normally we’re ramping up in July to get to that peak in August, early September,” said Alex Robertson, director of fire and aviation management for the U.S. Forest Service. But this year, he said, “we’re going into August already at our full tilt.”At least one person was killed this week by a wildfire burning near Denver, and a historic mining town was leveled near Bakersfield, Calif. More than half a million acres of the Western United States have burned in the past week, according to the Times wildfire tracker.
Persons: , , Alex Robertson, “ we’re Organizations: Western, New York Times, U.S . Forest Service Locations: Sacramento, California, Western United States, Denver, Bakersfield , Calif
The Cyberspace Administration of China (CAC) said it was considering waiving data export security assessments for activities such as international trade, academic cooperation, cross-border manufacturing and marketing that do not contain personal information or important data. Alex Roberts, a Shanghai-based lawyer at Linklaters, said the new rules are "a great signal for foreign investment and trade into China". You Yunting, a lawyer with Shanghai-based DeBund Law Offices, said the new rules "represents a certain degree of relaxation in data export regulation" in China. He added that the new rules could keep the cross-border transfer of human resources data low for companies. The previous rules were causing consternation among international businesses in China as some fear they could be cut off from assessing their human resources data from within China.
Persons: Alex Roberts, Brenda Goh, Josh Ye, Christina Fincher, Alison Williams Organizations: Cyberspace Administration of China, European, Reuters, Thomson Locations: SHANGHAI, HONG KONG, China, Shanghai, Linklaters, Hong Kong
China to form a national bureau to manage its troves of data
  + stars: | 2023-03-07 | by ( ) www.reuters.com   time to read: +2 min
SHANGHAI, March 7 (Reuters) - China will form a national data bureau that will be responsible for coordinating the sharing and development of the country's data resources, according to a plan submitted on Tuesday to parliament. The proposed bureau will be administrated by the state planning agency, the National Development and Reform Commission (NDRC), the plan said. This has included issuing a series of new laws that require organisations with large user bases undergo assessments and obtain approvals when handling data. Some firms are struggling with a deadline requiring them to seek approval to export user data. "Multinationals will no doubt want to understand how a centralised data regulator will interface with overseas stakeholders."
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