Hints and tips:
...Melvin Capital, hit during the GameStop frenzy, was down about 40 per cent to November. Some funds, however, have prospered....
...Investors “tend to be wise to such actions”, said Patrick Ghali, managing partner at Sussex Partners, which advises clients on hedge fund investments....
...“We have had managers come up with new structures which were so complicated that even after spending hours on them we still didn’t fully understand what was going to be paid and when,” said Patrick Ghali...
...Gabe Plotkin’s Melvin Capital was the highest-profile casualty, losing 53 per cent last month and seeking a bailout....
...Patrick Cummings runs the Thoroughbred Idea Foundation, a think-tank founded in 2018 on the belief that horseracing was riddled with conflicts of interest and heading in the wrong direction....
...Of funds, fees and fairness Melvin Capital performed one of the fastest U-turns in hedge fund history when it backtracked on controversial plans to start charging clients performance fees again....
...One scoop to start: Melvin Capital and Light Street Capital, two US hedge funds hard hit by a rally in stocks popular with retail investors in January, have suffered further losses in May....
...Patrick Pouyanné, the chief executive of France’s Total, seems to be the exception....
...The highest-profile hedge fund casualty has been Melvin Capital, which lost 53 per cent in January and is still down 44.7 per cent this year to May....
...Additional reporting by Patrick Temple-West...
...“Instead of shutting the American public out through new regulations, new forms of taxation, or so-called protections, let’s use this opportunity instead to side with them,” said Patrick McHenry, the top...
...Additional reporting by Patrick Temple-West and Robin Wigglesworth...
...US law firm Hogan Lovells has hired Patrick Sarch as a partner and co-head of London M&A. He joins from White & Case where he was co-lead of the corporate practice in London....
...When Bernie Melvin, a life-long San Franciscan, awoke on Wednesday the city was cast in an apocalyptic orange glow....
...AM Rosenthal, managing editor, The New York Times, New York, August 20 1976; Clark Clifford, attorney, Washington, DC, August 10 1976; Bella Abzug, US congresswoman (New York), New York, June 19 1976; Melvin...
...Lindsay Melvin, chief executive of the Chartered Institute of Payroll Professionals, said employers increasingly recognise the value of remuneration in “package form”....
...We need this sort of thing,” says Mr Melvin....
...Colin Melvin, chief executive of Hermes, praised HSBC’s “partnership-type structure”, adding: “We’ll be encouraging other companies, and not just banks, to do this, too.”...
...Author Patrick Neate, who is running book events at Latitude and founded the pioneering literary nightclub Book Slam, says publishers need to take books to where culturally curious people are....
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