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Video: Bernanke talks growing up in the South
Lifestyle
Baseball and reading filled former Federal Reserve Chairman Ben Bernanke's childhood days, Bernanke says on this week's Wall Street Week. Bernanke tells about how growing up Jewish in a small town in the South shaped his future.
How not to squander your startup's new funding
Venture Capital
FRESHLY FUNDED, YOU CAN’T HELP BUT THINK THAT THE HARD PART IS OVER. THAT'S WHERE THE TROUBLE STARTS. Raising my startup's first $1 million (or $867,000 to be exact) was like a dream come true. It took a year and a half of hard work to convince 34 angel investors—to whom I will always be grateful—to give me enough money
Video: Skybridge gets Italian Christmas surprise
Lifestyle
Employees at Skybridge Capital were able to tell Andrea Bocelli "grazie mille" in person when the star tenor made a surprise visit to the hedge fund's holiday party. Bocelli popped by the event at the Hunt & Fish Club in midtown to serenade 150 employees with a rendition of "Ave Maria," reports TMZ. Bocelli was in town for a performance at
Time Warner CEO loses home in fire
Lifestyle
Fire put a damper on Time Warner CEO Jeff Bewkes' holidays last week. The exec's Connecticut home went up in flames late Monday night, reports the New York Post. The fire was likely caused by embers from a fireplace. Bewkes made it out of the house safely and was back in the conference circuit Tuesday despite the fire roaring until 4
More troubling energy news for junk bond ETFs
Asset Management
A big reason for the recent surge in activity (and volatility) surrounding high-yield corporate bond exchange traded funds, such as the iShares iBoxx $ High Yield Corp BondETF (NYSE: HYG) and the SPDR Barclays High Yield Bond ETF (NYSE: JNK), is increasing concern that the junk bond market will soon be awash in a spate of defaults by energy sector
Daily Scan: Chinese shares soar; Rest of Asia finishes lower
Capital Markets
Updated throughout the day December 14, 2015 Concerned over the Fed and worried about oil, investors dragged Asian shares lower on Monday with the Hang Seng Index down 0.72%, the Nikkei Average down 1.80%, and the Straits Times Index down 0.90%. China however wasn’t having any of that. Despite dipping nearly 1% at the open, the nation’s Shanghai Composite ended
The bitcoin startups of 2016 will be "thoroughbreds not unicorns"
FinTech
When fintech conference producers Finovate released a list of the world's biggest fintech unicorns earlier this year, the overwhelming majority were in lending and payments. After that, the next largest categories were real estate, insurance, and accounting. Bitcoin barely registered, with just one unicorn to its name – Coinbase. That will change in 2016, according to M&A advisory Magister Advisors, which predicts
New shadow banks
Asset Management
It's not only the huge online payments companies or Fintech startups that threaten banks' traditional businesses. There is another rival much closer to home. Asset managers have raised billions of dollars from investors to lend to companies as fund houses step into an arena traditionally dominated by banks, reports the Financial Times. (paywall) The fund management industry has flocked to the direct
Atlassian co-CEO takes a smug swipe at Jack Dorsey
Venture Capital
Atlassian's co-CEO Scott Farquhar must be feeling pretty smug after his company's blockbuster debut in New York on Friday. His firm had already priced at $21 a share, well above its initial indicative range, and then soared to as high as $27.48 on its first day of trading. Atlassian has managed to pull off one of the most successful IPOs of
How not to squander your startup's new funding
Venture Capital
Freshly funded, you can’t help but think that the hard part is over. That's where the trouble starts. Raising my startup's first $1 million (or $867,000 to be exact) was like a dream come true. It took a year and a half of hard work to convince 34 angel investors—to whom I will always be grateful—to give me enough money