WeWork formally said Monday it would withdraw its IPO registration statement, ending for now the company’s plans to go public. Newly appointed co-CEO’s Artie Minson and Sebastian Gunningham said WeWork will “focus on our core business,” although they made clear they planned to take WeWork public eventually. “We have every intention to operate WeWork as a public company and look forward to...
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Where Did All the Traders Go? Investment Funds Lean on Outsourcing to Cut Costs
More and more investment funds are outsourcing their trading, a move that cuts costs and aims to boost returns but also poses risks for the funds’ portfolios and underlying investors. Once a niche Wall Street business that catered to young hedge funds, outsourced trading has now attracted mutual funds, pension funds and other asset managers, including some of the biggest firms on Wall...
Ex-Coinbase Product Manager Pleads Guilty in Crypto Insider Trading Case
DCG Selling Grayscale Fund Shares at Steep Discount Amid Genesis Bankruptcy
SoftBank’s Vision Fund Posts Loss for Fourth Straight Qurter
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