Hints and tips:
...The powerful US law firm had been cosying up to Sam Bankman-Fried for months in advance of the implosion of FTX in November 2022....
...His latest character study, on Sam Bankman-Fried, covers similar themes. The cryptocurrency wunderkind-turned-alleged fraudster’s trial is set to begin with jury selection on Tuesday....
...What was the FT-friendly name that Third Point’s Dan Loeb used when he was a hardcore message board poster? 8....
...“We are focused on establishing FTX as a trustworthy and innovative exchange by regularly engaging with regulators around the world,” said FTX founder Sam Bankman-Fried....
...The demise of FTX marks a stunning collapse for Sam Bankman-Fried’s crypto empire that was valued at $32bn just months ago.Since its launch in 2019, FTX has raised $1.8bn from a list of shareholders that...
...In today’s newsletter: Binance comes to FTX’s rescue Tough times for Carlyle The $32bn crypto collapse heard round the world Earlier this year DD asked whether crypto billionaire Sam Bankman-Fried was...
...Sound design and mixing by Sam Giovinco. Cheryl Brumley is the global head of audio. [MUSIC PLAYING]...
...Billionaire activist Dan Loeb has called for sweeping changes including a board shake-up....
...Supermodel/Sam Bankman-Fried fan Gisele Bündchen and her American football quarterback husband Tom Brady both have skin in the game....
...Other investors in the round of funding included Japan’s SoftBank; Daniel Loeb’s Third Point; the family of hedge fund manager Paul Tudor Jones; and Izzy Englander, the head of Millennium Management....
...Sam Ross has been hired as a vice-president working in the same sector. Ross was most recently investment banking vice-president at Wells Fargo....
...The activists of 2019 aren’t the corporate raiders you traditionally think of When Carl Icahn or Dan Loeb show up on a shareholder register, executives and investor relations teams shudder....
...Job Moves Sam Kendall will become head of investment banking for UBS in the US after leading the bank's global equity capital markets business....
...jonathan.eley@ft.com Letter in response to this column: We’ve learnt our lessons and are prepared to pay more for good quality / From Craig Sams, Hastings, E Sussex, UK...
...Otherwise, you can generate a significant cash crunch,” said Sam Radwan, partner at Enhance....
...Fairfax Hall was sipping a gin and tonic in Union Square, New York, with his childhood friend, Sam Galsworthy, when the idea struck....
...Mr Loeb is “a guy who has done a good job moving through different asset classes”, Mr Lawler says. Mr Loeb does not have the scrappy, rags-to-riches background of some hedge fund managers....
...Dan Loeb, the hedge fund manager, has taken on household corporate names such as Sony and Sotheby’s, respectively calling for a break-up and the removal of current management ....
...Additional reporting by Sam Jones in London...
...Mr Loeb’s move was made public after Sony shares closed on Tuesday up 1.2 per cent at Y1,877, valuing the group’s equity at Y1.88tn ($18.7bn)....
...And the jury is still out on Mr Loeb’s softly-softly approach....
...Dan Loeb’s big gains at Third Point – up 20 per cent this year – have come from shorting the yen and agitating for change at Sony rather than through grinding out gains from takeovers....
...Third Point, the prominent US fund run by Dan Loeb, has also made money in Japan....
...Hedge fund managers such as Kyle Bass of Hayman Capital, Mr Einhorn, Dan Loeb of Third Point, as well as Paul Tudor Jones, and Caxton Associates, have reaped big profits....
...For those familiar with Mr Loeb’s style, it came as little surprise....
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