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Kevin Ulrich transitions from CEO to Chairman at Anchorage Capital Group

Kelvin Ulrich
Kevin Ulrich, Chairman of Anchorage Capital Group

Kevin Ulrich, a co-founder of Anchorage Capital Group, has now transitioned to be the firm’s Chairman after more than twenty years as the CEO.

Under Ulrich, Anchorage was one of the largest distressed-debt hedge funds. He pointed to ongoing client withdrawals and truculent markets as the reason for the closure of the firm’s prize investment platform and his role change.

Specifically, Ulrich said the resistance of equity markets, lower rates of default, and banking policies have impeded classic credit hedge fund tactics which facilitate recurrent investor trade-ins. Anchorage will continue to offer its $18 billion structured-credit services and the $4 billion long-term distressed-credit services.

Ulrich is also Chairman of MGM since 2017; he joined the movie studio in 2010.

Digital Markets Act is E.U.’s Attempt to Limit Big Tech

Digital Markets Act is E.U.’s Attempt to Limit Big Tech

The Digital Markets Act is the European Union’s most far-reaching piece of legislation since it passed its strict privacy laws in 2018. The law tackles the power of the leading tech companies and redefines the way app stores, digital marketing, online retail, and messaging platforms operate. The legislation is designed to stop the biggest tech… Continue Reading

Pandemic Brings New Opportunities for Entrepreneurs

Pandemic Brings New Opportunities for Entrepreneurs

A growing number of Americans are starting their own business. The reasons behind this pandemic-driven entrepreneurial surge vary: some were laid off because of COVID and transitioned their “side hustle” to be their primary form of income; others took the time to reconsider their priorities and gave up on their grueling corporate jobs; for some,… Continue Reading

Trading Card Business Goes to Fanatics

Topps, the trading card business that paired Bazooka bubble gum and baseball cards over fifty years ago, has been bought by Fanatics, the sports memorabilia company. The sale valued Topps’s sports and entertainment sectors at just over $500 million. Topps lost its 70-year-old licensing agreement with Major League Baseball and the Major League Baseball Players Association… Continue Reading

Emerging Post-Coronavirus Investment Sectors: Diamonds

One of the impacts of COVID-19 was investors altering their usual investment behavioral patterns. One of the emerging investment industries during this time was fine jewelry, in particular, diamonds. Even before the coronavirus outbreak, business investor Mozes Victor Konig believed that diamonds made a sound investment choice.  He said: “The first thing I learned in… Continue Reading

Investors Banking on Lidar

More investors are joining the trend to invest on lidar technology – the remote sensing method that uses laser light to measure distances and has garnered ample interest from automakers in recent times. Until around 2015, lidar technology – which in a  nutshell uses laser light to measure distances – attracted a very specifically-defined section… Continue Reading

Rosalind Brewer Becomes 20th Black CEO in America

Rosalind Brewer has been named incoming CEO of Walgreens, effective March 15, 2021. This role makes Brewer, who is leaving her position as COO at Starbucks, the only Black woman to lead a Fortune 500 company. Brewer joins the other 19 Black CEOs — 17 men and two women — who have ever been listed as… Continue Reading

Celebrate Women Virtual Conference

Celebrate Women Virtual Conference

“Surviving (and Thriving) in Unsettling Times.” That is the theme and topic of the 15th annual Celebrate Women virtual conference set to begin on Friday, March 19, 2021. Alison Levine, American mountain climber, sportswoman, explorer, leadership consultant and best-selling author, will deliver the keynote address. Levine was team captain of the first American Women’s Everest Expedition,… Continue Reading