From: “Delevingne, Lawrence (Reuters)”¶
To: Undisclosed recipients;;¶
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(USANYS)Ӧ
| Subject: | Big Money news: Dubin retires, Ubben steps back, SEC eyes direct lender, notes from Davos |
| Date: | Fri, 24 Jan 2020 21:45:27 +0000 |
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¶
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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¶
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Regulators plan additional ‘Volcker Rule’ easing
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Greenlight takes stake in Germany’s Software AG
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Wincrest, net short U.S. stocks, says valuations dangerous
- GAM sees 2019 break-even after outflows*
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BlackRock, Franklin Templeton eye partnership with Banco do Brasil
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Investors build war chests to for European distressed corp bonds
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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¶
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