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Star stock picker Cathie Wood moves NYC firm to Florida

October 6, 2021 GMT

ST. PETERSBURG, Fla. (AP) — A star stock picker who focuses on innovative companies is leaving New York City and relocating her asset management firm to Florida.

Cathie Wood is a well-known analyst, and founder and CEO of ARK Investment Management LLC.

Women, minorities manage 17% of major foundations’ assets

By ALEX DANIELS of The Chronicle of PhilanthropySeptember 30, 2021 GMT

Less than 20% of the assets held by major foundations is invested by outside firms run by women or people of color, according to a report released Thursday.

Commissioned by the Knight Foundation, the report found that 30 of the largest grantmakers deployed a total of $11 billion, or 16.6% of their endowment investments, with firms controlled by women or people of color.

China finance official executed in bribery case

By JOE McDONALDJanuary 29, 2021 GMT

BEIJING (AP) — The former head of a Chinese state-owned asset management company was executed Friday on charges of taking bribes in an unusually severe penalty for a recent corruption case...

Former head of China state asset firm sentenced to death

January 5, 2021 GMT

BEIJING (AP) — The former head of state-owned China Huarong Asset Management Co. Ltd. was sentenced to death Tuesday for bribe taking in one of the harshest punishments for economic crimes in recent years.

Hedge fund to pay $312M for McClatchy newspaper chain

July 25, 2020 GMT

SACRAMENTO, Calif. (AP) — Hedge fund Chatham Asset Management says will pay $312 million to buy newspaper publisher McClatchy out of bankruptcy protection...

Pittsburgh Mills shoppers and businesses hopeful about new owner

by EMILY BALSERMay 6, 2018 GMT

Pittsburgh Mills mall shoppers and business owners hope its new owner will breathe new life into the space, but experts say there could be more hurdles ahead.

Long Island-based Mason Asset Management purchased the struggling Frazer mall last week for about $12 million.

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