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fortune.com February 24, 2024

How Much Does The Ceo Of Blackstone Make? Steven Schwarzman

Blackstone President Jon Gray, Schwarzman’s heir apparent, got $266.4 million in 2023, a decrease from $479.2 million a year earlier. : Blackstone Inc. Chief Executive Officer Steve Schwarzman took home $896.7 million last year, a 30% drop from a year earlier, yet still one of the biggest annual payouts on record in high finance. Schwarzman, 77, collected $777 million in dividends alone from his roughly 20% stake in the alternative-asset manager, according to a regulatory filing Friday. He earned an additional $120 million mostly through incentive fees and the share of fund profits known as carried interest. He received a record $1.27 billion in 2022.
Read by 38% of LPs

slate.com 4minutes ago

Women's Basketball Could Be Huge. Will Men Let It?

WNBA players make a pittance compared to their male peers. : This is Emotional Investment, Joel Anderson’s column about money and how we think about it. To suggest a subject, or get in touch, email emotional.investment@slate.com. Caitlin Clark is a lot like Steph Curry. Or maybe she’s more like a combination of Magic Johnson and Larry Bird. Then again, you can see why people see some Pete Maravich in her game. But no matter the comparison, Clark is already one of the most famous basketball players in America. Even if you don’t follow her sport, you know who she is.
Read by 76% of LPs

seekingalpha.com 34minutes ago

Long Cast Advisers Q1 2024 Letter

For the 1Q24 quarter (ended March 31, 2024), cumulative net returns improved 9%. Since inception in November 2015 through quarter end 1Q24, LCA returned a cumulative 188% net of fees, or 13% CAGR. As a backdrop to returns, on a cumulative net basis, since inception we comfortably exceed two widely used representative indices for passive small company investing, the iShares MicroCap ETF (IWC) and Russell 2000 Index (RTY), and are roughly in line with the S&P. Past performance is no guarantee of future results. Individual account returns may vary.
Read by 65% of LPs

seekingalpha.com 44minutes ago

Gvip Etf: Goldman Fund Buying High Conviction Hedge Fund Darlings (nysearca:gvip)

Did you ever wonder what professional money managers do? The asset management world is split between what is called 'fast money' or hedge funds, and 'real money' or traditional asset managers and pension funds. Hedge funds are called 'fast money' because their holdings can turn around very quickly, sometimes in weeks. Hedge funds are known to be the most aggressive vehicles in the market, and occasionally they do tend to make outsized returns.
Read by 75% of LPs

seekingalpha.com 1hour ago

Weekly Commentary: Opposite Day

So much for "risk off," at least for this week. The Semiconductor Index surged 9.9%, more than recovering from last week's 9.2% drubbing. The Nasdaq100 jumped 4.0%, getting back much of last week's 5.4% loss. After dropping 13.6%, Nvidia this week surged 15.1%. Not for the faint of heart. Bloomberg: "'AI Craze' Powers Best Week in 2024 for Stocks." Also from Bloomberg: "Wall Street Humbled as Fast-Reversing Markets Confound the Pros." Did we learn much this week? The bulls have plenty of fight. We would expect nothing less, especially at this point in the cycle.
Read by 57% of LPs

capitalspectator.com 1hour ago

Book Bits: 27 April 2024 | The Capital Spectator

● The Algebra of Wealth: A Simple Formula for Financial Security Scott Galloway Q&A with author via New York magazine Q: Over the last ten years or so, you had the idea of crypto democratizing finance. Now you have AI democratizing talent, like there’s this hack around wealth and around work. A: I don’t want […]
Read by 57% of LPs

fortune.com 10hours ago

Billionaire Miami Dolphins Owner Wants South Florida To Be More Like Manhattan

“I want to make West Palm a model city for the country," said Related Cos. founder, Stephen Ross. : Some of Florida’s most prominent names gathered at an oceanfront Palm Beach mansion this month to raise money for a tantalizing prospect: building a local outpost of Nashville’s Vanderbilt University, an institution that would add educational prestige to an area booming with newcomers. The guest list was a who’s who of state politics and finance, including Governor Ron DeSantis and activist investor Nelson Peltz, according to people familiar with the matter.
Read by 73% of LPs

marketscreener.com 11hours ago

Aurania Resources : Management’s Discussion & Analysis Q4 2023

(marketscreener.com) http://www.sedarplus.caand are also available on the Company's website http://www.aurania.com. CAUTIONARY NOTE This MD&A contains "forward-looking information" under applicable Canadian securities legislation. Except for statements of historical fact relating to the Company, information...https://www.marketscreener.com/quote/stock/AURANIA-RESOURCES-LTD-49479166/news/Aurania-Resources-Management-s-Discussion-Analysis-Q4-2023-46552811/?utm_medium=RSS&utm_content=20240426.
Read by 80% of LPs

foxnews.com 12hours ago

Ny Congressional Reps Introduce Law Forcing Colleges To Address Antisemitism Or Face Losing Federal Funds

Two congressional lawmakers from New York introduced new legislation that would punish schools that do not address antisemitism, by removing federal funding.
Read by 75% of LPs

truthout.org 17hours ago

Police Violently Crack Down On Emory University’s Gaza Solidarity Encampment

Police used tear gas and stun guns to break up the encampment as they wrestled people to the ground. : As a wave of student protests against Israel’s war on Gaza continues to spread from coast to coast, schools and law enforcement have responded with increasing brutality to campus encampments.
Read by 77% of LPs

pressherald.com 18hours ago

Protests Over Israel-hamas War Put Spotlight On College Endowments

One of the demands of antiwar protestors on college campuses is for their schools to divest their endowments from companies that are profiting from Israel’s war against Hamas in Gaza.
Read by 67% of LPs