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The fund, managed by Stuart Spodek, is fixed-income focused. The returns lagged the S&P and the overall bond market. Click here for more BI Prime storiesBlackRock's long-running flagship hedge fund Obsidian returned more than 13% in 2019, a source tells Business Insider.
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These are the top 8 holdings in Bill Ackman's flagship hedge fund - Business InsiderSome of the fund's performance — the S&P 500 returned 29% in the same time frame — was credited to the Oracle of Omaha, Warren Buffett.
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Store closures reached a new high in 2019 - Business Insider - Business InsiderWhile 2019 saw a record number of store closures, some retailers are giving stores new value by using them to facilitate e-commerce orders: Retailers can follow Walmart & Target that embraced buy online including pickup in-store offerings for consumers to pick up their orders.
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HSBC is facing pressure in Hong Kong - Business Insider - Business InsiderHSBC faces backlash in Hong Kong after closing an account with funds used by Spark Alliance, and after police froze $9 million tied to the account. And also Hong Kong and Shanghai are part of the bank’s name.
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Boeing to recommend simulartor training for 737 Max pilots upon return - Business InsiderBoeing will recommend pilots undergo simulator training when the 737 Max returns — something that wasn't required when the plane first launched No thanks, I’ll Uber
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Bright Health buys Brand New Day to build Medicare Advantage business - Business InsiderThe acquisition comes on the heels of Bright raising $635 million from investors in December and as the insurer doubles its footprint in 2020. ZTracer This is fascinating, thanks for the story! I literally just wrote about Bright Health yesterday, sharing in case anyone wants a deep analysis of their business model.
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