**From:** "Delevingne, Lawrence (Reuters)"

**To:** Undisclosed recipients;;

**Bcc:**

(USANYS)"

<table border="1"><tr><td>Subject:</td><td>Big Money news: Dubin retires, Ubben steps back, SEC eyes direct lender, notes from Davos</td></tr><tr><td>Date:</td><td>Fri, 24 Jan 2020 21:45:27 +0000</td></tr></table>

Glenn Dubin is the latest hedge fund pioneer to step down from running client money, a move he told Reuters was long planned and unrelated to his past ties with Jeffrey Epstein. Dubin is best known for co-founding Highbridge, but also had a hand in fund of funds Corbin Capital, energy merchant Castleton Commodities and, more recently, quant shop Engineers Gate: Exclusive: Hedge fund billionaire Glenn Dubin retires from industry after 40 years

In 2017, I wrote about the risks of direct lending funds. One of the firms in the story, Bob Press’ TCA Global, had produced an amazing record – 60 months of uninterrupted gains. Those returns are now under the scrutiny of regulators: SEC probes Florida private lender over accounting questions

Here’s the rest of the Big Money news from around Reuters:



*ValueAct CEO Ubben to step back*





*CQS says chief executive Rolet to step down*



- Carlyle looking at 'cheap' energy assets: Rubenstein

-

* Goldman CEO says process on canceled WeWork IPO 'worked'



- U.S. stocks correction overdue, Bloomberg best to beat Trump: Scaramucci



*Majority of CEOs expect global economy to cool in PwC survey*





• Full Davos coverage from Reuters



- Regulators plan additional 'Volcker Rule' easing

- Greenlight takes stake in Germany's Software AG

- Wincrest, net short U.S. stocks, says valuations dangerous



* GAM sees 2019 break-even after outflows*





- BlackRock, Franklin Templeton eye partnership with Banco do Brasil



- Investors build war chests to for European distressed corp bonds

- BlackRock, partners eye initial $500M for climate fund

-

*CDC adds $400M of investments in Africa push*



- African fintech Flutterwave gets $35M, partners with WorldPay

Thanks as always for reading. Any story ideas, let me know.

Lawrence Delevingne

Reporter | Reuters





LinkedIn | Stories


This e-mail is for the sole use of the intended recipient and contains information that may be privileged and/or confidential. If you are not an intended recipient, please notify the sender by return e-mail and delete this e-mail and any attachments. Certain required legal entity disclosures can be accessed on our website: https://www.thomsonreuters.com/en/resources/disclosures.html

| EFTA00065987 |
| :--- | :---