Fund administrator Northern Trust Hedge Fund Services (NTHFS) has added features related to energy and physical commodities in order to support hedge fund managers expanding investment portfolios. The new offerings reside on Northern Trust’s Omnium platform, which continues to receive investment from the middle and back-office administrator. Now it supports...

Northern Trust expands Omnium platform

State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE: STT), announced a strategic investment in Raiz Invest Limited (ASX: RZI), an Australian Fintech platform that helps customers grow their wealth by helping them to save and invest. The parties have entered into an equity investment...

State Street Global Advisors Acquires Stake in Australian Fintech Platform Raiz

DNA Payments, one of the largest independent, fully vertically integrated omnichannel payment companies in the UK and EU, has made an important appointment to further bolster its finance and senior leadership teams. Preete Janda has joined its board as chief financial officer following a recruitment process led by finance recruitment...

DNA Payments Appoints New Chief Financial Officer to Propel Strategic Growth

The Motley Fool

Bitcoin could soar in price over the next decade. But that's not the only reason billionaires are buying Bitcoin.

Billionaires Are Buying This Cryptocurrency That Could Soar 20,000%, According to MicroStrategy Executive Chairman Michael Saylor

Business Insider

Damola Adamolekun, former P.F. Chang's CEO, is set to lead Red Lobster as it emerges from bankruptcy.

Meet the 35-year-old CEO who wants to turn around bankrupt Red Lobster

Fortune

For 89 years Tyson Foods was a family affair—but nobody could protect scion John Randal from his worst instincts.

The youngest Fortune 500 CFO was set up to run his family’s $21 billion chicken empire. His erratic behavior could change that

Hedge funds saw the second highest level of investor inflows this year during July, with managers attracting some $3.3 billion of net new capital, as more than two-thirds of strategies made gains in a solid start to the second half of 2024 for the industry, according to Citco. New data published by the global alternative […]

Multi-strat hedge funds now a ‘focal point’ for investor flows

G Squared, a Chicago-based venture capital firm specializing in growth-stage technology companies, closed its sixth flagship fund, G Squared VI, with $1.1 billion in committed capital. G Squared VI aims to support companies in its four core focus areas: SaaS, fintech and insurtech, mobility, and consumer internet. The fund close comes at a time when […]

VC firm G Squared raises $1.1bn for sixth fund

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Alamogordo Conservative Daily

Four Star General Charles Hamilton, who as head of Army Materiel Command oversaw much of the service's logistics operations, wrote a letter to Army Secretary Wormuth on Friday asking to be reinstated. Hamilton, claimed in the letter that he had to intervene in the Army's Command Assessment Program, or CAP, selection last fall because he felt the process is racist and would unfairly handle the selection of a Black subordinate officer.

Suspended Army 4-Star General Charles Hamilton Appeals for Return of Command

TheStreet

Her Ark Innovation ETF has slid 4% so far this year.

Cathie Wood unloads $6 million of Zoom Video Communications

South Dakota State

Your article was successfully shared with the contacts you provided. The Securities and Exchange Commission has filed fraud charges against China-based investment advisor QZ Asset Management, its CEO — whose touted AI investing algorithms gained media attention — and its holding company, alleging they scammed hundreds of customers out of millions of dollars before halting contact with clients and shutting down their website.

SEC Charges Firm, CEO With Bilking Hundreds of Clients

Evanston, IL

Evanston, Ill.-based Magnetar held its final close of its initial venture fund, building on the $17.5 billion firm’s multi-strategy hedge fund prowess that has historically spanned the private-public arena. Magnetar AI Ventures Fund attracted $235 million, which included capital from anchor investors PEAK6 Strategic Capital and Apex Fintech Solutions. The strategy is focused on investing […]

Magnetar raises $235m for AI venture fund

Temu launched a risky plan amid lawsuits and intense competition.

Temu unveils new strategy in the spark of lawsuit

Axios

Corporate executives and boards are ramping up communication efforts to prepare for attacks from activists linking business performance to DEI policies. Why it matters: For some public companies, it is not a matter of if these politically motivated attacks will come, but when. Catch up quick: Harley-Davidson and John Deere...

Corporate boards brace for DEI backlash

Pool and spa supplies retailer Leslie’s, Inc. has announced a shakeup to its C-suite. The company has named Jason McDonell as its next chief executive, effective Sept. 9, as former CEO Mike Egeck is departing from the retailer. John Strain, Leslie’s chairman of the board, has been appointed interim CEO until McDonell assumes the role.

Advance Auto Parts leader named next Leslie's CEO

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Wyoming State

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WyoFile

Wyoming’s U.S. Sen. John Barrasso and Rep. Harriet Hageman handily staved off Republican challengers in Tuesday’s primary election. The Associated Press called the race at 8 p.m.

Barrasso, Hageman handily defeat Republican challengers

PYMNTS

Apollo Global Management and BlackRock are reportedly considering providing debt financing for a merger of Amazon aggregators Branded and Heyday. Branded is in talks to acquire Heyday in exchange for $521 million in equity in a new company, Essor, that would be worth more than $1 billion, Bloomberg reported Monday (Aug. 26), citing unnamed sources.

Report: Apollo and BlackRock to Aid Merger of Branded and Heyday

Consulting firm Callan in its third annual survey of private equity fees and terms found very little change over time as preferred return is 8% compounded among GPs. In its latest 2024 Private Equity Fees and Terms Study, Callan analyzed 413 private equity partnerships. The study can be used by GPs to assess where they […]

Callan: PE fees remain largely unchanged

TON has seen a 20% drop in the past 24 hours, while the overall cryptocurrency value plunged by 38%. The arrest of Telegram’s CEO Pavel Durov has significantly shaken the cryptocurrency market, leading to drastic devaluations in associated digital assets. In an unsettling development for the cryptocurrency sector, Pavel...

Crypto Turmoil: TON and NOT Plunge as Telegram CEO Arrested on Multiple Charges

NewsBreak

VSS hires former Apogem exec to lead investor relations

New York-based VSS Capital Partners named David Fann as senior managing director and head of investor relations. Fann joins from Apogem Capital, the wholly owned subsidiary...

VSS hires former Apogem exec to lead investor relations

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