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A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. Wealthy individuals have been pouring into alternative assets in recent years, thanks in part to […]
Salesforce Chief Executive Marc Benioff publicly apologized Friday for suggesting President Trump should send National Guard troops to San Francisco, saying his earlier remarks “came from an abundance of caution” and that he no longer believes federal intervention is needed to ensure public safety. “Having listened closely to my fellow San Franciscans and our local […]
French luxury goods group LVMH is in discussions to sell fashion label Marc Jacobs in a deal that could fetch around $1 billion, the Wall Street Journal reported Friday, citing people familiar with the matter. In 2024, Bloomberg reported that LVMH was exploring strategic options for the label with advisers after receiving interest from potential buyers, […]
Hedge fund honcho Marc Lasry was accused of sexual harassment in a lawsuit by a former executive at his firm – less than a week after the billionaire lodged his own complaint claiming that she was trying to extort him for $50 million. Lasry — the co-founder of Avenue Capital Group and a major fund-raiser […]
Hedge fund titan Marc Lasry claimed a former female executive at his firm was trying to blackmail him for $50 million by threatening to spread false allegations about the firm, according to a lawsuit filed by the billionaire. The Avenue Capital Group co-founder accused Gina Strum of threatening to make it “really, really, ugly” for […]
