Big companies are picking seasoned veterans for the most senior financial positions as they face challenges related to changing technologies, shifting consumer tastes, and economic outlooks. Corporate recruiters say the average age of CFOs has increased significantly this year: Finance chiefs at Fortune 500 and S&P 500 companies averaged 52.8 years in 2019. That’s five… Continue Reading
Woodline Partners has just started trading. For 2019 to date, it is the largest hedge fund startup. Debuting with $2billion in investor commitments, it is headed by Michael Rockefeller and Karl Kroeker, both former traders of Citadel. Ilana Weinstein, founder and CEO of IDW Group said that this amount is very “significant” for a startup… Continue Reading
A hike of 50.7% was encountered in Night Owl Capital Management LLC’s SPDR S&P 500 ETF Trust for Q3 2018. This bolstered its company stock earnings to 1,468 shares following its 494 share acquisition. Its recent filing with the SEC showed its SPDR S&P 500 ETF Trust being valued at $427,000. A decrease in stake… Continue Reading
In 2013, a group of accomplished finance-industry executives joined together to create STS Capital Partners. An M&A advisor, today the investment banking firm also counsels clients on divestitures and project financing, within a wide range of industries including: construction, manufacturing and distribution, pharmaceuticals, real estate and tourism. But it’s not just business with the firm. … Continue Reading
Financial services firm HSBC and technology payment protocol and exchange network company Ripple Labs Inc. have made some new hires in their offices. Olivier Herregods is joining HSBC from Credit Suisse in the capacity of European head of rates trading. In his new position he was be the principal of flow rates for Europe, the… Continue Reading
Jana Partners LLC, the activist investment firm now taking steps into socially responsible investing, has hired a portfolio manager and analyst to help oversee its effort of pushing companies to become better corporate citizens. To read the full article, click here. Continue Reading
In 1989, Valaida W. Randolph’s established the Education Management Corporation in order to: “provide quality individuals to the workplace who are creative, responsible problem-solvers and have the skills and attitudes on which employers can build.” As such, the organization hires “dedicated, committed, professional staff [to] serve as positive role models and empower each individual placed… Continue Reading
As Chief Executive Officer at National MedTrans Network, Inc., Andrew Winakor’s company has – over the last few years – been working on assisting people encountering logistical difficulties with getting to doctor’s appointments. The issue is that often people who have medical appointments far from home, simply do not have the means to get there. … Continue Reading
Nestle is considering selling off some of his brands. Around six months ago, the world’s largest food and beverage company – possibly most well-known and loved for its candy collection – discussed this as one of its possible strategic options. Said to be valued at between $2 and $2.5 billion, the U.S. entity of the… Continue Reading
Business and sustainability are becoming increasingly linked as innovative companies begin to focus on our carbon footprint and potential contribution to the environment. At the same time, the world’s population is growing rapidly, and especially in urban areas, leaving cities in need of creative solutions for feeding all of those people. Plantagon, a Swedish food-tech… Continue Reading