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 »

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 »

'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 »

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 »

How much money you can make from a sponsored Instagram post with 24,000 followers Amanda Perelli | Caitlin Patton broke down how much she earns from a sponsored Instagram post and how she determines her rates as a microinfluencer. Read More »

WeWork's toxic phone booths were created in-house by its 'Powered by We' business Julie Bort,Aaron Holmes | WeWork used a Chinese manufacturer to build these booths and didn't have access to supply chain, materials records, sources say. Read More »

Trump's beef with Jeff Bezos could give Amazon all the opening it needs to fight Microsoft on the $10 billion JEDI cloud deal Ashley Stewart,Benjamin Pimentel | Experts say Amazon might have a case to challenge the Pentagon's JEDI decision if it can prove political interference unfairly affected the outcome. Read More »

Meet the 12 power players running HBO Max, AT&T's big bet to take on Netflix and Disney Plus Ashley Rodriguez | WarnerMedia has made a slew of executive appointments for its upcoming streaming service, HBO Max. These are the people rising in power. Read More »

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