• D.E. Shaw sent a memo to employees in the fallout from an employee fired for inappropriate behavior

    3 monthes ago - By Business Insider

    D.E. Shaw, the $50 billion hedge fund firm, sent a memo to employees on Monday in the fallout from firing a portfolio manager for inappropriate behavior.
    Business Insider earlier reported that D.E. Shaw fired Daniel Michalow, a senior portfolio manager in the firm's discretionary macro group, after the fund conducted an investigation in March. The investigation was sparked after Michalow allegedly said to a former assistant that one of the requirements for hiring a new assistant was someone that he could "call sugar tits," people familiar with the matter told Business Insider.
    Michalow is...
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  • D.E. Shaw sent a memo to employees in the fallout from an employee fired for inappropriate behavior

    D.E. Shaw sent a memo to employees in the fallout from an employee fired for inappropriate behavior

    3 monthes ago - By Business Insider

    D.E. Shaw, the $50 billion hedge fund firm, sent a memo to employees on Monday in the fallout from firing a portfolio manager for inappropriate behavior.
    Business Insider earlier reported that D.E. Shaw fired Daniel Michalow, a senior portfolio manager in the firm's discretionary macro group, after the fund conducted an investigation in March. The investigation was sparked after Michalow allegedly said to a former assistant that one of the requirements for hiring a new assistant was someone that he could "call sugar tits," people familiar with the matter told Business Insider.
    Michalow is...
    Read more ...

     

  • Brainstorm Health: Athenahealth Bid, Obamacare Fast Food Rules, $1.5 Million Gene Therapy

    Brainstorm Health: Athenahealth Bid, Obamacare Fast Food Rules, $1.5 Million Gene Therapy

    3 monthes ago - By Fortune

    Happy Monday, readers. I hope you had a wonderful weekend-this is Sy.
    Paul Singer's activist hedge fund Elliott Management has its sights set on a new target: Athenahealth , the medical software, health IT, and data analytics firm run by CEO Jonathan Bush , an outspoken evangelist of the digital health revolution. Elliott took a 9.2% stake in Athenahealth last year and is now making a $160-per-share, $6.5 billion all-cash offer to snap up the company outright, CNBC reports .
    That's a premium of nearly 30% to Athenahealth's closing price on Friday (and Athena shares promptly jumped 16% in...
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  • D.E. Shaw fired a high-profile hedge fund manager after an investigation into alleged inappropriate behavior, and now he's fighting back

    D.E. Shaw fired a high-profile hedge fund manager after an investigation into alleged inappropriate behavior, and now he's fighting back

    3 monthes ago - By Business Insider

    Daniel Michalow, a senior portfolio manager at D.E. Shaw, was fired from the $50 billion hedge fund in March following an investigation into inappropriate behavior, people familiar with the matter said.
    Several women came forward with complaints about Michalow's behavior, people familiar with the matter said.
    Michalow is fighting back a la "Jerry Maguire," and sent a letter to the fund's founder, David Shaw, on Monday.
    As he alleges in the letter, Michalow believes his termination was unfair and that he is a scapegoat for the MeToo movement.
    Business Insider obtained a copy of the...
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  • D.E. Shaw fired a high-profile hedge fund manager after an investigation into alleged inappropriate behavior, and now he's fighting back

    D.E. Shaw fired a high-profile hedge fund manager after an investigation into alleged inappropriate behavior, and now he's fighting back

    3 monthes ago - By Business Insider

    Daniel Michalow, a portfolio manager at D.E. Shaw, was fired from the $50 billion hedge fund in March following an investigation into inappropriate behavior, people familiar with the matter said.
    Several women came forward with complaints about Michalow's behavior, people familiar with the matter said.
    Michalow is fighting back ala "Jerry Maguire," and sent a letter to the fund's founder, David Shaw, on Monday.
    As he alleges in the letter, Michalow believes his termination was unfair and that he is a scapegoat for the MeToo movement.
    Business Insider obtained a copy of the letter.
    A...
    Read more ...