An SEC official is siding with big asset managers that say hedge funds like Saba Capital should be banned from taking activist stakes in closed-end funds

BlackRock, Neuberger Berman, and half a dozen other asset managers are fighting activism campaigns by Boaz Weinstein targeting their closed-end funds.

November 01, 2019   |   View Online »

An SEC official is siding with big asset managers that say hedge funds like Saba Capital should be banned from taking activist stakes in closed-end funds Bradley Saacks | BlackRock, Neuberger Berman, and half a dozen other asset managers are fighting activism campaigns by Boaz Weinstein targeting their closed-end funds. Read More »

Top tech banker Noah Wintroub is at the center of WeWork's failed IPO. We talked to insiders to learn more about his meteoric rise at JPMorgan. Dakin Campbell | It's been a tough few months for Wintroub, a key player in JPMorgan's plan to break the lock Goldman Sachs and Morgan Stanley have on Silicon Valley's hottest IPOs. Read More »

Google Nest just launched a pilot with the nation's largest apartment manager — showing where it sees the next big opportunity selling smart devices Alex Nicoll | Through the partnership between Google and Greystar, the nation's largest apartment operator, Google Nest thermostats will be put in 1,500 properties. Read More »

It looks like Amazon is moving into a massive new tower that the late Microsoft cofounder Paul Allen's company is building in the Seattle suburb where Jeff Bezos started it all Ashley Stewart | Amazon is leasing enough space in Bellevue, Washington to rival its HQ2 development in Northern Virginia. Read More »

'Bad from every angle': America's trucking recession is now slamming one of the $800 billion industry's largest companies Rachel Premack | The $16.6 billion trucking-brokerage company saw its largest intraday plunge in shares since July 2008 — 15%. Read More »

Facebook is gearing up for a year from hell in 2020, Mark Zuckerberg warns: 'This is going to be a very tough year' Rob Price | Facebook has weathered two years of scandals, and it's not over yet, as CEO Mark Zuckerberg acknowledged Wednesday. Read More »

IBM picked a fight with Google over its claims of 'quantum supremacy.' Here's why experts say the feud could shake up the tech industry's balance of powers. Rosalie Chan | Google researchers say that they have reached quantum supremacy, but IBM disagrees. Still, experts say IBM and Google are taking different approaches. Read More »

Bob Schumer helped Adam Neumann nab his $1.7 billion WeWork exit package. Insiders told us why the hot-shot M&A lawyer was the perfect fit for the high-stakes negotiation. Casey Sullivan | Well-known lawyer Bob Schumer joined the WeWork saga by helping Adam Neumann nab a big exit package from the coworking company. Read More »

WeWork is back to having an all-male board of directors — here's who is still leading the office-sharing company Joe Williams | Former Goldman Sachs and Coach officials sit on the revamped board that will now be run by Marcelo Claure, SoftBank's chief operating officer. Read More »

A personal-finance expert grew his bank account from $2.26 to $1 million in just 5 years. He breaks down the mindset shift that sparked his success — and offers advice for getting ahead. Christopher Competiello | Grant Sabatier, founder of Millennial Money, changed his life by focusing on one side of the personal finance equation he says is often overlooked. Read More »

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