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The Supreme Court struck down a ruling over what union members can reasonably do during a strike. A local teamsters union in Washington walked off the job in 2017 with trucks full of wet concrete. Justice Ketanji Brown Jackson was the only dissenter, saying the decision jeopardizes union rights. The solo dissent was a first for the outspoken Biden-appointed justice, who wrote that the ruling would "erode the right to strike." "Workers are not indentured servants, bound to continue laboring until any planned work stoppage would be as painless as possible for their master," Jackson wrote.
Persons: Ketanji Brown Jackson, , Biden, Jackson, Amy Coney Barrett, Barrett, Clarence Thomas, Harlan Crow, Samuel Alito, haven't shied, Elena Kagan, Sonia Sotomayor, Andy Warhol, Kagan Organizations: teamsters, Service, Washington Supreme, International Brotherhood of Teamsters, Teamsters, Workers, GOP Locations: Washington, Northwest
a hedge fund recruiter said, commenting on the calculus for hedge fund investors. At the end of 2021, the fund's exposure had been evenly split between fixed-income and equities, according to the investor documents. In all, more than 60 portfolio managers departed or were let go in 2022, according to the investor documents and people close to the matter. After the shakeup, ExodusPoint's income stream is now even more reliant on fixed-income trading — and that may not be such a bad thing. "The fixed income piece is doing incredibly well," another hedge fund recruiter said.
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