DIRS.INFO The most relevant business & tech news

☆ Inside the secretive operation helping manage billionaire Steve Schwarzman's vast fortune
▼ + stars: | 2024-11-15 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Schwarzman has called Blackstone his family office, but he has another family office, BI has learned. Inside Schwarzman's secretive family office with a name that harkens back to his childhood. The concept of the family office can be traced to the 1838 founding of the House of Morgan to handle J.P. Morgan's fortune. Every family office, however, is just as unique as the wealthy family that's spawned it, he said. Advertisement"The term family office," Sharpe said, "is possibly the most misused, overused, and poorly used term in finance today."

Persons: Steve Schwarzman, Schwarzman, Blackstone, —, Averell Harriman, Harriman, Brown, Harry Truman, Donald Trump, Christine Hearst Schwarzman, Gwen Stefani, Theo Wargo, Pennypack, Steve Schwarzman's, Blackstone Schwarzman, Pete Peterson, Marc Sharpe, Michael Dell, Sharpe, they're, Stephen A, John Magliano, Magliano, Paul A ., LLCs, tony Easton, Hearst, Alexi Rosenfeld, Trump's, Stephen Schwarzman, Jabin, Tim Sheehy, Montana, Sheehy, Morgan Organizations: Service, Bloomberg, Ford Motor Co, White, New York Public Library, Metropolitan, Bank of America Securities Financial Services, Blackstone, Vanguard, Family Office Association, Dell Computer, BI, Getty, Schwarzman, LinkedIn, Hearst Schwarzman, Art, Federal Communications Commission, MIT, Humanities, Oxford, New York Public, Schwarzman Education Foundation, Tsinghua University, Policy, Washington, Getty Images Locations: New York, Vietnam, Manhattan, Philadelphia, Blackstone, Schwarzman, Pennypack, Delaware, Nantucket , Massachusetts, Nantucket, Schwarzman's, Newport , Rhode Island, Miramar, Wiltshire, England, Newport ., Beijing, China, North America

☆ NYC Marathon: The Netherlands’ Abdi Nageeye wins thrilling men’s race
▼ + stars: | 2024-11-03 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —The Netherlands’ Abdi Nageeye won a thrilling men’s race at the New York City marathon on Sunday, while Kenya’s Sheila Chepkirui marked her debut with a victory in the women’s race. Similarly, there was a thrilling finish in the women’s race as Chepkirui accelerated just before the finish to drop her compatriot Hellen Obiri, the defending champion. Eduardo Munoz Alvarez/APIn the men’s wheelchair race, the USA’s Daniel Romanchuk took his first win at this marathon since 2019, ending Swiss star Marcel Hug’s domination of this event in recent years. Britain’s David Weir finished second, five seconds behind Romanchuk, while Japan’s Tomoki Suzuki finished another seven seconds back in third after a thrilling sprint finish. Meanwhile, Romanchuk’s compatriot Susannah Scaroni won the women’s wheelchair race by more than 10 minutes, marking the first time in the race’s history that Americans had won both wheelchair races.

Persons: Netherlands ’ Abdi Nageeye, Kenya’s Sheila Chepkirui, Nageeye, Evans Chebet, Tamarit Tola, Kenya’s Albert Korir, Hellen Obiri, Chepkirui, Obiri, Vivian Cheruiyot, Eduardo Munoz Alvarez, Daniel Romanchuk, Marcel Hug’s, Hug, Britain’s David Weir, Japan’s Tomoki Suzuki, Susannah Scaroni, ” Scaroni, “ Organizations: CNN, New York City, Runners, AP Locations: Netherlands, Kenya, New York City

Wall Street's top performers are hard workers who tend to work long, intense hours. Business Insider asked its 2024 class of Wall Street stars about how they stay mentally sharp. Here's what we learned about the hacks, habits, and routines that help top talent on Wall Street stay on their game. The routine helps him stay present with his home life as well as work, he added. But I think those two things help me to at least stay recharged and stay ready each day," he said.

Persons: —, Mark Zhu, Craig Kolwicz, Goldman Sachs, Corey White, Nina Gnedin, Blake Cecil, Chi Chen, Robert Sapolsky, Justin Elliott, Read, Palmer Osteen, KKR's, I've, That's, Daniela Cardona, America's White, Ben Carper, it's, there's, Matthew Eid, Holm, Reinhard Dirscherl, Melissa Ding, Wells, Annie Cheslin, she's, Margaret Williams, Morgan Stanley, Williams, Apollo's Austin Anton, Erica Wilson's, deadlifted, Harrison DiGia, Patrick Lenihan, barre, Elizabeth Stone Redding, Stone Redding, Matt Gilbert, Thoma, Gilbert, I'm, Dan, Feroz Khosla, isn't Organizations: Business, Service, Blackstone, Finance, Goldman, of America, Man Group, Productivity, Bridgewater Associates, Bank of America, Fidelity Investments, RBC, Bank, America's, Jefferies, Capital Advisory, Ares Management, Getty, BlackRock, Blue, General Atlantic, JPMorgan Asset Management, TPG, Thoma Bravo, Citadel Securities Locations: Blackstone, Chicago, San Francisco, Coast, Boston, Silicon Valley, New York, I'm, Maldives, he's, Thailand, Central Park

☆ Watch CNBC's full interview with Man Group CEO Robyn Grew
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Man Group CEO Robyn GrewRobyn Grew, the CEO of the largest publicly traded hedge fund, says hedge funds are 'more relevant than ever,' even as the industry suffers from outflows and underperformance. For its part, Man Group, in the most-recent quarter, reversed two quarters of outflows and drove assets under management to a record $178 billion. In her first CNBC interview, marking her one year as CEO, Grew said that the need for hedge funds is even greater as interest rates remain high, despite recent cuts, because passive investing is "not as reliable as it was before."

Persons: Robyn Grew Robyn Grew, Grew Organizations: Man, CNBC Locations: outflows

☆ Hedge funds are piling into Chinese stocks like never before as sweeping stimulus sparks enthusiasm
▼ + stars: | 2024-10-03 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's rare stimulus blitz unleashed newfound optimism from hedge fund investors, who have been piling into beaten-down Chinese stocks like never before. Hedge funds started flocking to Chinese stocks after the government announced a flood of stimulus measures in a bid to revive growth and avoid a deep slump in the world's second largest economy. The high-profile investor even said he's raising his usual allocation limit and is not hedging his big China bet. He dove into Chinese internet stocks last quarter as Burry's hedge fund, Scion Asset Management, made Alibaba its top holding at the end of June. KWEB 5D mountain KraneShares CSI China Internet ETF Beijing's big stimulus also prompted BlackRock, the world's largest asset manager, to upgrade Chinese stocks to overweight — with a caveat.

Persons: Goldman Sachs, David Tepper, Tepper, Burry It's, bullish, Nick Wilcox, Michael Burry, Stanley Druckenmiller, he's Organizations: Appaloosa Management, CNBC, China . Man, Man, Scion Asset Management, Baidu, CSI China, BlackRock, U.S Locations: China, Taiwan

☆ Scientists discovered a unique line of Neanderthals and it's helping solve the mystery of humanity's last great extinction
▼ + stars: | 2024-09-25 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

Read previewScientists are one step closer to solving the mystery of humanity's last great extinction: why the Neanderthals died off. AdvertisementThis explained why Thorin's DNA seemed so much more ancient than his bones. His DNA resembles Neanderthals who lived over 100,000 years ago, but Thorin was 50,000 years younger, according to the recent study. Related storiesThat means, people within the community reproduced amongst themselves for more than 50,000 years, spawning a unique lineage distinct from other Neanderthal groups, according to the researchers. "We have this incredible extinction, which is the last great extinction of humanity," Slimak said.

Persons: —, Ludovic Slimak, MATTHIEU RONDEL, Thorin, Slimak, Bill O'Leary, Thorins, Nikola Solic, Nowell Organizations: Service, Business, Cell Genomics, Smithsonian Museum, Washington, Getty, Reuters, University of Victoria Locations: France, Thorin's, Massif, Krapina, Croatia

☆ Man Group focused on credit in particular, says CFO
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMan Group focused on credit in particular, says CFOAntoine Forterre, the CFO at Man Group, discusses the company's strategy.

Persons: Antoine Forterre Organizations: Man, Man Group

☆ Volatility looms as election season heats up. Fortify your portfolio against autumn market shocks
▼ + stars: | 2024-09-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Recalibrate for risk Protecting your portfolio from sharp losses begins with understanding your comfort with risk and ensuring that your asset allocation reflects your long-term goals. "But over that period when markets were down, there were opportunities to harvest losses in stocks, individual names that experienced big pullbacks." And they've been a good buy for clients who are nearing retirement, seeking income and appreciate bonds' ability to offset stocks' volatility. Options for buffering losses Options are also playing a role in investors' portfolios as financial advisors try to mitigate volatility. Call options give investors the right to buy a stock at a specified strike price before a certain date.

Persons: Stocks, Goldman Sachs, Arun Prakash, Prakash's, Rafia Hasan, San, Hasan, they've, Andrew Herzog, We're, Herzog, he's, Gregory Guenther, Morningstar, " Guenther Organizations: Federal, Wealth Management, Fed, Treasury Bond ETF, SEC, GrantVest Financial Locations: San Francisco, Plano , Texas, Matawan , New Jersey

☆ Inside $178 billion Man Group's Oxford gathering: Academic hotshots, internal rising stars, and $25 trillion in institutional capital
▼ + stars: | 2024-09-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEven when compared to the impressive and lengthy history of the University of Oxford, this week's gathering at Trinity College is noteworthy. Academics, nerds, and rising starsThe speakers over the two-plus days are roughly half Man employees and half external invitees. The firm balances the external speakers — from finance and other disciplines — with a line-up of Man executives and internal rising stars who are working on something that ties into the overall theme. Oxford offers plenty of advantages for the firm's leadership to get to know the decision makers at these firms.

Persons: —, Tom Holland, Steven Desmyter, Milken, Desmyter, there's, Holland, Morgan Stanley, Clare Woodman, John Curtice, Jamie Dimon, Goldman Sachs, Lloyd Blankfein, Mike Lynch, Sumant Wahi, Vinayak Kumar, It's Organizations: Service, University of Oxford, Trinity College, Business, Ashmolean Museum, BBC, Morgan Stanley EMEA, Oxford, Oxford Man Institute, Union House Locations: British, Davos, Hawaii, Sydney, Sicilian, it's, Rhodes House, Trinity, New York, London, Dubai

☆ Inside Man Group's rebuild of a key platform that will change the way the giant hedge fund analyzes data and manages risk
▼ + stars: | 2024-09-16 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The new platform, called Condor, was initially designed to replace a cobbled-together patchwork of different systems — some built more than a decade ago — underpinning Man AHL, the firm's systematic-trading arm. Over time, Man built different systems to trade them all. With Condor, Fitzgerald wants to bring those together — the research, the trading, and the logging — into a single platform. But software engineers adding functionalities, risk teams managing exposure, and support teams ensuring trading systems are running will also be using Condor.

Persons: —, Barry Fitzgerald, Fitzgerald, cohead, it'll, Condor Organizations: Service, Business, Condor, Man AHL, AHL

☆ Why these Gulf states want to be AI superpowers
▼ + stars: | 2024-09-16 | by ( Nell Lewis | Rym Bendimerad | ) edition.cnn.com time to read: +5 min

“There’s huge investments going into (AI) in the Middle East,” said Stephen Anderson, Middle East strategy and markets leader at PwC, speaking to CNN at last week’s Global AI Summit (GAIN) in Riyadh, Saudi Arabia. Energy demand from AI, data centers and cryptocurrencies could double by 2026, according to the International Energy Agency. Gulf states are investing heavily in AI as they look to diversify their economies. Last year, the UAE unveiled a tool called Jais and Saudi Arabia has developed the Arabic chatbot ALLaM. Challenge of governanceOne of the major hurdles with the development of AI is public perception and governance: how should AI and data be regulated safely, securely, ethically and fairly?

Persons: “, ”, Stephen Anderson ,, Anderson, We’re, ” Anderson, Nick Studer, Oliver Wyman, Studer Organizations: CNN, United Arab Emirates, PwC, AI, Google, Energy, International Energy Agency, ”, Saudi, AI Authority, Oliver Wyman Group, International Telecommunication Union Locations: UAE, Stephen Anderson , Middle, Riyadh, Saudi Arabia, Qatar

☆ Tamirat Tola wins captivating Olympic marathon for Ethiopia
▼ + stars: | 2024-08-10 | by ( Matthew Futterman | ) www.nytimes.com time to read: +6 min

Tola surged clear and never looked back (Cameron Spencer/Getty Images)After letting the little-known Eyob Faniel of Italy lead for most of the first half of the race, Tola made his first move just before the halfway mark. Tola crossed the line an Olympic record time (Andrej Isakovic/AFP via Getty Images)Most remarkably, Tola didn’t even make the Ethiopian team originally. “I trained hard so I could win,” Tola said. Even his compatriot, Kenenisa Bekele, one of the most decorated Ethiopian distance runners but at 42 nearing the end of his career, was gushing after finishing 39th. “Not easy to win the Olympic Games,” he said, in perhaps the understatement of the past two weeks in Paris.

Persons: Tamirat Tola, Tola, Cameron Spencer, ”, Bikila, Bikele, Belgium’s Bashir Abdi, Kenya’s Benson Kipruto, Eliud, victoire appartient, Napoleon, Roland Garros, Andrej Isakovic, Tola didn’t, “, ” Tola, Connor Mantz, Akira Akasaki, ” Mantz, Clayton Young, Abdi, Kenenisa Bekele, ” Bekele, Denisa Geleta, Kipruto Organizations: “, East, Getty, Ethiopian, Boston Marathon, Olympic Locations: Ethiopia, Invalides, Paris, Versailles, Eugene , Ore, New York, Italy, Rome, Tokyo, Kenya, AFP, Japan

☆ The underlying fundamentals of the economy are sound, says Neuberger Berman's Joe Amato
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe underlying fundamentals of the economy are sound, says Neuberger Berman's Joe AmatoJoseph Amato, Neuberger Berman Group president and CIO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, what to make of the market sell-off, and more.

Persons: Neuberger Berman's Joe Amato Joseph Amato, Neuberger Berman Organizations: Neuberger, Neuberger Berman Group

☆ To woo investors, hedge funds are reviving a strategy left for dead post-crisis — supercharged index investing
▼ + stars: | 2024-08-01 | by ( Alex Morrell | ) www.businessinsider.com time to read: +12 min

Read previewFaced with higher rates and a daunting fundraising climate, hedge funds are wooing investors with a seemingly antithetical pitch: index investing with a twist. Hedge fund industry insiders are abuzz right now about "portable alpha," a blast-from-the-past strategy that's undergoing a revival. According to the Morgan Stanley white paper, it can take on a variety of forms, including "dedicated portable alpha funds, portable alpha share classes, portable alpha feeder funds and other solutions." Advertisement"It's a nice way of smuggling hedge funds into your portfolio if you're an allocator," said Jon Caplis, CEO of hedge fund research firm PivotalPath. He said much of the industry still hasn't woken up to the appetite for portable alpha solutions and the potential boon to hedge funds.

Persons: —, punchier, Kim Shaw, Morgan Stanley, There's, Shaw, Penny Novick, Morgan, Novick, Bill Gross, Myron Scholes, PIMCO's, Roark Stahler, Jon Caplis, Russell, PIMCO, Sabrina Callin, Brian Payne, Payne, Caplis, hasn't Organizations: Service, Trading, Business, Man, CME Group, BlackRock, Barclays, Russell Investments, Institutional, State, Investor, BCA Research, Teachers, Investors Locations: Winton, American, Illinois

☆ Robyn Grew: AI won’t be making decisions ‘anytime soon,’ says top hedge fund CEO
▼ + stars: | 2024-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —The head of one of the world’s biggest hedge funds says artificial intelligence systems are unlikely to replace traders anytime soon. London-based Man Group, whose assets under management hit an all-time high of $178.2 billion during the first six months of the year, makes its money by charging investors management and performance fees. “I don’t think of AI as making investment decisions anytime soon,” Grew said. In the interview with CNN, Grew said the era of rock-bottom interest rates that broadly defined the decade following the 2008 financial crisis had made way for a period of “volatility and dispersion” ushered in by the rise in inflation after the pandemic. In other words, traders navigating a volatile market can expect to make a greater range of — and possibly bigger — returns across various assets than during more stable times.

Persons: Robyn Grew, ” Grew, “, Grew Organizations: London CNN, CNN, Man Group, Surgeons, ”, London Stock Exchange Locations: London

AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.

Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York

☆ An airline startup that hopes to fly Airbus A380s between New York and London is delaying its launch to 2025
▼ + stars: | 2024-06-20 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUK-based startup Global Airlines, which planned to begin flying Airbus A380s between New York and London as early as summer 2024, is already delaying its launch to 2025. "[Operations] and maintenance timelines, like for any airline, have led us to reappraise when we'll be operational," the spokesperson said. Global Airlines' first Airbus A380 at Glasgow Prestwick Airport. The carrier recently announced a chauffeur service that it hopes will set it apart from the competition.

Persons: —, FlightGlobal, James Asquith, Bob Logan, Asquith Organizations: Service, Global Airlines, Business, Global, China Southern Airways, Glasgow Prestwick Airport, Air, Thai Airways, Airbus, Qatar Airways, Emirates, . Global Airlines, Prestwick Aviation Locations: New York, London, Scotland, Air France, Prestwick

☆ 'Robust growth opportunity': Citi loves this global stock as it pivots to AI data centers
▼ + stars: | 2024-06-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Industrial property firm Goodman Group is converting its traditional warehouses into data centers to meet the surging demand for artificial intelligence infrastructure. Citi believes this trend will likely drive "double-digit medium-term earnings growth" and has added the Australian stock to its "Pan-Asia Focus list." Data centers are large buildings that house critical computing infrastructure and equipment. "As it progresses opportunities in data centers, it is likely to deliver a large range of products from powered sites and turnkey projects." Electricity has been a key bottleneck preventing many data centers from further expansion.

Persons: Howard Penny, Goodman Organizations: Goodman Group, Citi, GMG Locations: Asia, Sydney, United States, Australia, Japan, Hong Kong, Singapore

☆ We Overvalue Intelligence - The New York Times
▼ + stars: | 2024-06-13 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

Do they go from success to success, powered by their natural brilliance? The first is the social science answer. Social science researchers give promising children intelligence tests, and then they check in on them over the ensuing decades to see how much the students’ early intelligence correlates with lifetime success. The social science answer is that higher intelligence correlates strongly with positive educational and career outcomes. By the 1950s, two-thirds of the Terman kids had become college graduates, a figure 10 times that of the general population.

Persons: people’s, Lewis

☆ The average 401(k) savings rate recently hit a record — how to know if you're on track
▼ + stars: | 2024-06-03 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The right retirement savings rate depends on your age, expected retirement date, cash flow, projected Social Security income, pensions and retirement plans, among other factors. However, "if you can't reach that 15%, at least try to contribute [enough] to get your full company match," Shamrell said. If you can't reach that 15%, at least try to contribute [enough] to get your full company match. 401(k) savings rates are increasingOver the years, both the individual savings rate and company contributions have continued to climb, said Shamrell with Fidelity. Automatic 401(k) contribution increases have also boosted savings rates, according to Shamrell.

Persons: Mike Shamrell, Shamrell, deferrals, Andrew Herzog Organizations: Fidelity Locations: Plano , Texas

☆ If you have this much money in your 401(k), you're doing better than most—here's how to save even more
▼ + stars: | 2024-05-30 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Still, when you're saving for something that's decades away, such as retirement, it's easy to feel like you're not doing enough or that you're falling behind without some context. Even if you're not doing as well as you'd like, you may be doing better than most. "Automating savings ensures consistency and discipline, making it easier to stick to your retirement savings goals." It's "essentially free money that can significantly boost your retirement savings," says Basso. "Don't treat your retirement savings like Vegas and go all in on something.

Persons: you've, Ashton Lawrence, Alyson Basso, Basso, couldn't, Andrew Herzog Organizations: Fidelity, Mariner Wealth Advisors, Hayden Wealth Management, CNBC Locations: Greenville , South Carolina, Middleton , Massachusetts, Plano , Texas, Vegas

☆ The city whose 'doom loop' just might be worse than San Francisco's
▼ + stars: | 2024-04-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

An office building in St. Louis sold for $3.6 million after selling for $205 million 18 years prior. Downtown St. Louis is filled with unoccupied buildings and an unwillingness to visit them. The steep drop in the tower's value is just one sign that St. Louis' central business district is struggling, reports say. Indeed, St. Louis' downtown resembles a ghost town with a number of boarded-up buildings, according to The Wall Street Journal's Konrad Putzier. AdvertisementThe problem with Midwestern cities, like St. Louis, is that there's not much attracting people to the center of the city — and that applies to commuters, tourists, and residents.

Persons: Louis, —, Konrad Putzier, Glenn MacDonald, Business Insider's Eliza Relman, Michael Hicks, BI's Relman, Relman, Tracy Hadden Loh Organizations: Service, T, Goldman Group, News, Washington University, Olin Business School, Business, University of Toronto, Midwest ., Ball State University, Midwest, Brookings Institution Locations: St, Downtown St, Francisco's, North America, Midwest, Midwest . San Francisco, Indiana, —, San Francisco and New York

☆ Multi-strategy hedge funds in Hong Kong and Singapore are booming. Here's why they're tapping the Middle East to get to the next level.
▼ + stars: | 2024-04-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

To Danny Yong, the Middle East is still Asia. In particular, multi-strategy hedge funds, the industry subset that large allocators are desperate for thanks to their uncorrelated and consistent returns, are growing in markets like Hong Kong and Singapore. Houston-based Pan Capital is planning to hire macro PMs in Hong Kong this year. These people-heavy firms need plenty of talent to make it all work, and the relatively small size of the Singapore market, coupled with political uncertainty in Hong Kong, puts a strain on the entire system. "Managers follow allocator trends, and the Middle East has been actively allocating while other regions have slowed their deployment.

Persons: Danny Yong, firm's, Yong, there's, Kurt Baker, Jonathan Xiong, Bobby Jain, Amir Ravan, Arun Singhal, Alan Howard, Simon Sadler, Dymon, Samantha Rosenstock, Craig Thorburn, It's, Joe Cheung, —, Cheung Organizations: Business, Dymon, UAE, Millennium, Bloomberg, Pan, Segantii Capital Management, Blackpool Football Club, Man, Hong Kong Monetary Authority, Citadel Locations: Asia, Japan, Hong Kong, Singapore, Dubai, Dymon Asia, Houston, Point72, Tokyo, Sidney, Abu Dhabi, United Kingdom, London, Miami, New York, China

☆ Millions of people are traveling to see the total eclipse. Hotels, motels, and skydiving operators are making bank on it.
▼ + stars: | 2024-04-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

AdvertisementAs millions of Americans get ready to watch the total solar eclipse on Monday — an event NASA has described as rare and "spectacular" — the phenomenon stands to lift local economies. According to NASA, this year's eclipse is set to last three to four minutes, longer than the last solar eclipse, in 2017. Former President Donald Trump looked up at the solar eclipse without glasses during the last eclipse. The glasses sold for $1.50 to $2 apiece. "We've shipped already about 70 million glasses, and I suspect I'm going to approach right at 75 million by the time next week comes," Jerit said.

Persons: —, Donald Trump, John Jerit, We've, Jerit, Jason Berger Organizations: Service, NASA, Perryman Group, New York Times, Marriott, The Washington, Getty, Optics, NPR, Fox News Locations: Texas, New York, Texas , Ohio, Grayville , Illinois, Dallas

It will be the last total solar eclipse visible in the contiguous U.S. until 2044. When Is the Total Solar Eclipse? What Time Will the Total Solar Eclipse Begin and How Long Will It Last? The total solar eclipse provides an opportunity to study the sun’s corona, or the outermost part of its atmosphere. Is the Total Solar Eclipse Expected to Boost the Economy?

Persons: Bill Nelson, They've, ”, Pam Melroy, “, ” Melroy, Melroy Organizations: NASA, roosters, Eclipse, ” NASA, American Astronomical Society, Perryman Locations: North America, U.S, Mexico, Canada, Newfoundland, Tennessee, Michigan, Texas

Search resuls for: "Man Group"

25 mentions found