Melissa Nann Burke and Jonathan Oosting The Detroit News Published 10:54 PM EDT Jul 23, 2019 Democratic presidential hopefuls have been eager to connect with party leaders in Michigan, though few high-profile endorsements are flowing ahead of next week's debates in Detroit. Over half of the field of 25 contenders have made early campaign stops in Michigan, underscoring the importance to Democrats of recapturing the state in 2020 after losing it to President Donald Trump by 10,704 votes in 2016. "It’s the only silver lining for Michigan losing in 2016 by such a close margin is the attention on Michigan in many respects this cycle," said Brandon Dillon, former chair of the state Democratic Party. Former Vice President Joe Biden got a boost Tuesday with the endorsement of longtime ally and Detroit Mayor Mike Duggan, who called Biden "just a great friend of Detroit," according to the Associated Press. "I'm going to do … [Read more...] about Democratic hopefuls seek endorsements ahead of Detroit debates
Funds of hedge funds
Americans hate politics, right? The disingenuousness, the backstabbing, the sycophancy, the preening and posturing, the empowered elite, the way wealth buys influence, the dynastic nature of it, the sense that good people get torn apart, the way it feels disconnected from the concerns of The People. But we love to watch all that on TV.Story Continued Below When “Game of Thrones” airs its final episode on Sunday, it will end the last water-cooler show currently on television—ubiquitous, inescapable and era-defining. And it also marks the end of an astonishing run of political TV. For all the medieval froofery and baroque violence, GoT was fundamentally a political drama—a show built around the quest for power, the conflict between idealism and pragmatism, and the uncomfortably blurred lines between “hero” or “villain” when it comes to exercising real power. Its counterpart on the comedy side was “Veep,” the sitcom that also … [Read more...] about No ‘Game of Thrones’ or ‘Veep’? Here’s What To Watch Next.
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Meet McKinsey’s Secretive Investment Fund DealBook Supported by Feb. 19, 2019 Good Tuesday morning. Breaking: Karl Lagerfeld, the influential fashion designer and longtime creative director of Chanel, has died at 85 . (Was this email forwarded to you? Sign up here .) Did McKinsey sell advice with a stake in the outcome? As McKinsey & Company advised some of the biggest companies in the world, the NYT reports, it may have had a vested interest in the outcome, through a little-known in-house hedge fund that holds stakes in some of the firm’s clients. Little about the fund, the McKinsey Investment Office, is public. A large part of its approximately $12.3 billion in holdings is “concealed behind a tangle of shell companies in an island tax haven in the English … [Read more...] about DealBook Briefing: Meet McKinsey’s Secretive Investment Fund
Hedge funds have ramped up their bets against the AA, piling pressure on chief executive Simon Breakwell to get to grips with its enormous debts. The stock is now the sixth most shorted on the London market, with around 10pc of its shares on loan to those who think their value will fall even further than the current record lows. The AA’s biggest doubter is asset management giant Blackrock, which has a negative position of 4.1pc after shorting £250,000 of the shares on New Year’s Eve. Others betting against it include AQR Capital, Engadine Partners and Merian Global. Mr Breakwell was brought in to turn around the company in 2017, replacing Bob Mackenzie who was ousted after assaulting a colleague... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for … [Read more...] about Hedge funds target AA over debt pile
Hedge funds are experts in shorting stocks, or bets that a stock will fall. To help traders have a better idea of the potential investing landmines, Bank of America Merrill Lynch has issued a list of stocks that markets are betting against the most. Most of the highly shorted stocks are from the discretionary and technology sectors. Wall Street expects stock-market volatility to spike further in 2019. And in a highly volatile market, it’s even more important to steer clear of potential investing landmines. To help traders have a better idea of the potential pitfalls to avoid, Bank of America Merrill Lynch has issued a list of stocks that markets are betting against the most. Most of the highly shorted stocks are from the discretionary and technology sectors. Here are the 12 stocks that markets believe will fall, in ascending order of their short interest as a percentage of float. TripAdvisor Ticker: TRIP Sector: Communication Services Short interest as a % of float: … [Read more...] about Hedge fund managers are betting big against these 12 stocks, Bank of America says