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Press Releases

Dorsey Adds Senior Corporate, Private Equity and Finance Attorneys Kevin Dooley, Stuart Chasanoff, Melissa Hicks Hutchison and Michael Lii in Minneapolis and Dallas

MINNEAPOLIS& DALLAS---- International law firm Dorsey& Whitney LLP announced today that it continues to add exceptional, senior talent in its Minneapolis and Dallas offices. Kevin Dooley today joins the Firm as Senior Counsel in Minneapolis, and Stuart Chasanoff, Melissa Hicks Hutchison, and Michael Lii join the Firm as Of Counsel in Dallas. Kevin Dooley:...

Source: Business Wire

Ray Dalio stepping down as co-CEO of Bridgewater

CNBC's David Faber reports on Bridgewater co-CEO Ray Dalio's announcement that he will step down from his position at the world's largest hedge fund as of April 15, 2017.


Akorn Provides Fourth Quarter and Full Year 2016 Results and Outlines Full Year 2017 Guidance

LAKE FOREST, Ill., March 01, 2017-- Akorn, Inc., a leading specialty generic pharmaceutical company, today announced its financial results for the fourth quarter 2016 and full year 2016, and provided full year 2017 guidance. Received three Abbreviated New Drug Application approvals:- Ibuprofen 100 mg/5mL Oral Suspension that launched in November 2016-...

Source: Globe Newswire

Hedge fund Citadel joins industry's standard-setting body

BOSTON, March 1- Hedge fund giant Citadel on Wednesday became the latest U.S. investment firm to join the Hedge Fund Standards Board, the industry's global standard-setting body said in a newsletter. The London- based group said hedge fund managers Citadel plus Bermuda- based Hiscox Re Insurance Linked Strategies Ltd and Hong Kong- based Myriad Asset Management...

Source: Reuters

Business cycle is biggest risk to world economy: Rubenstein

David Rubenstein, co-founder and co-CEO at The Carlyle Group, reveals what he thinks is the biggest risk for the global economy.


Unlikely Le Pen will win French election: Rubenstein

David Rubenstein, co-founder and co-CEO at The Carlyle Group, says “people have not been good at predicting elections” lately.


Believe Trump intends to keep promises: Rubenstein

The Carlyle Group co-CEO and co-founder, David Rubenstein talks about how serious President Trump is when it comes to delivering campaign promises, with comment on tax reform and infrastructure.


Don’t think Dodd-Frank will be repealed: Rubenstein

David Rubenstein, co-founder and co-CEO at The Carlyle Group, talks about regulation, whether Dodd-Frank will be rolled back.


UPDATE 2-Man Group driven to loss by fee income fall, writedowns

LONDON, March 1- Weak performances in some of its funds and writedowns linked to earlier acquisitions dragged Man Group to a full-year loss, knocking the British hedge fund firm's shares and leading some analysts to question its decisions. Chief Executive Luke Ellis said on Wednesday Man Group had "found it difficult to generate performance for clients and...

Source: Reuters

Man Group hit by impairment charges

CNBC's Gemma Acton weighs in on Man Group's latest earnings and business strategy, as well as the wider hedge fund industry's need for attrition.