Bloomberg columnist and money manager Barry Ritholtz said in his column on Bloomberg that the hedge fund industry is saturated with too many funds that are performing fairly and charge high fees in return for their services.
Sectors
Israel passes law to break up big conglomerates
The Israeli parliament passed legislation on Monday aimed at improving economic competition by halting pyramid structures in companies and breaking up large conglomerates blamed for high living costs.
Geneticist Srinivasan to join venture capital firm Andreessen Horowitz
Balaji Srinivasan, the cofounder of genetic-testing company Counsyl, is joining the venture capital firm Andreessen Horowitz as a general partner, Andreessen Horowitz said on Monday.
HealthLoop raises USD10 million from Series A funding round led by USD175 million Canvas Venture Fund
HealthLoop, a maker of an automated patient health assessment platform, received USD10 million in Series A funding from investors led by Canvas Venture Fund and also participated by Subtraction Capital and other institutional investors.
Verizon to acquire content delivery network EdgeCast
A press release from Verizon Communications Inc read that it has acquired content delivery network EdgeCast to be consolidated to its Verizon Digital Media Services at an undisclosed amount.
Latest News
Bloomberg said in its report that nutrition company Herbalife Ltd attempted to destroy activist investor Bill Ackman's credibility after the latter claimed that the former is running a pyramid scheme.
Adobe Systems Inc and other major software providers like Microsoft Corp and SAP had to shift its priority to cloud software after experiencing lackluster sales in their hardware-dependent software products.
WMI Holdings Corp. today announced that KKR & Co. L.P. has entered into a conditional commitment letter to make a strategic investment in the Company, dated December 8, 2013.
China Everbright Bank Co Ltd's USD2.8 billion float on Tuesday follows the steps taken by peers Huishang Bank Corp Ltd (3698.HK) and Bank of Chongqing to prepare a financial buffer against bad loans in the near future, said a Reuters report.
Tightening monetary policy in China has been reduced due to the slowing yearly consumer inflation rate of 3% in November from 3.2% the month before, said a Reuters report.
Dairy products company WhiteWave Foods is set to acquire organic food producer Earthbound Farm from its existing shareholders including founders Drew and Myra Goodman and Kainos Capital for USD600 million.
Giordano Lombardo, the Group Chief Invesment Officer of Pioneer Investments, said investors should consider pruning their US equities holdings as the economy shows signs of improvement, according to a Bloomberg report.
The European Aeronautic Defence and Space Company or EADS plans to cut anywhere from 5,000 to 6,000 jobs and sell its Paris headquarters as part of its reorganization program, Le Figaro newspaper reported.
St. Martins Group, Kuwait's property investment vehicle in the UK, has paid around GBP1.7 billion to purchase the More London complex which includes Mayor Boris Johnson's headquarters.
