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The US Securities and Exchange Commission has filed a civil fraud lawsuit against former Franchise Group chief executive Brian Kahn over the collapse of hedge fund Prophecy Asset Management, while federal prosecutors have brought criminal charges against one of the fund’s executives, according to a report by Bloomberg.
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Private equity firms are increasingly looking to public markets to exit portfolio companies as a shortage of strategic buyers continues to constrain traditional M&A routes, according to a report by…
U.S. Treasury yields inched lower at the start of the week as investors look ahead to a busy week of economic data, particularly key inflation data.
U.S. Treasury yields inched lower at the start of the week as investors look ahead to a busy week of economic data, particularly key inflation data.
Guy Johnson, Tom Mackenzie and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
UK defence technology startup Cambridge Aerospace has raised $300m at a $3.4bn valuation, a significant uplift on its valuation just a few months ago.The Series C funding round in the counter-drone…
Silicon Valley investors appear undeterred by the recent turmoil at Situational Awareness, with some seeking to put money into the hedge fund run by AI investor Leopold Aschenbrenner just days after…