Mackenzie Scott, who was married to Amazon founder Jeff Bezos until last year, said she has donated more than $4.1 billion of her personal wealth split across donations to hundreds of food banks and emergency relief funds over the past four months. Scott made the announcement in a Medium post on Tuesday. The novelist and philanthropist listed 384 organizations across 50 U.S. states which had...
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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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