Even though hedge fund performance has rebounded this year, with big-name managers like David Einhorn and Bill Ackman finally putting several years of misery behind them, fees are still dwindling, according to Bloomberg.
A leveraged loan taken out by a company called Clover Technologies about five years ago lost about a third of its value without warning over the past week...
The top 12 investment banks employed about 3700 people in cash equities research as of Q1 this year – that number is down 14% from 4300 five years ago.
"[Area 51] is an open training range for the U.S. Air Force, and we would discourage anyone from trying to come into the area where we train American armed forces."
You know sales are starting to get super-saturated when you have to bring on celebrities like Mark Wahlberg, Kobe Bryant, and Will Smith to sell items like deodorant and protein powder.
On the back of the S&P 500 hitting new highs, bankers felt emboldened to offer a larger stake in the business and try to raise $8 billion to $10 billion, which was up from earlier targets of $5 billion to $6 billion.
