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Pay slumps at Elliott’s UK office to £787,000

Hedge Funds

Online Editor

Paul Singer, founder of Elliott Management

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Staff at the UK arm of hedge fund giant Elliott Investment Management saw their pay slump last year. 

Elliott Advisors’ wage bill fell 27% to £104.6m for the year to 31 December 2024, despite average staff numbers rising from 129 to 133, according to newly-released accounts.

Wage bill falls amid a dip in profitability for the hedge fund

Justin Cash

Investing

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Jain Global hires ex-Millennium portfolio manager Gregoire Thomas

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Thomas has joined the Hong Kong office of Bobby Jain’s new hedge fund

Ex-Brevan Howard portfolio manager’s hedge fund opens Sydney office

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

The asset class has shifted to late-stage lending as companies remain private for longer.

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The bank is growing its card business fast, tapping its unique advantages.

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The tech company is weighing disciplinary measures for employees who occupied President Brad Smith’s office in protest of Microsoft’s relationship with the Israeli government during its war in Gaza.

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The insurance-and-investment company logged a higher profit in the first half of the year, beating consensus projections across its financial results.

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The first Black woman to serve as a Federal Reserve Board governor is at the center of an unprecedented power struggle pitting the independence of the bank against the authority of the president.

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The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.

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European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

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The Dutch insurer and asset manager has focused on making the U.S. its primary market and a key pillar of its growth strategy in recent years.

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The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

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With a new tech leader taking the reins, the bank is looking to double down on high-value AI use cases and iterate quickly when things aren’t working.

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Alpha School, which has locations in Texas, Florida and California, is launching in New York in September.

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The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

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“Recent trade deals have alleviated, but certainly not eliminated, global uncertainty, which persists on account of the unpredictable policy environment,” Lagarde told a panel on Wednesday.

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U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

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Bill Derrough’s move follows recent leadership changes at Moelis.

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Dominari was new to the finance game when it took office space in Trump Tower. Now it’s a key adviser on the first family’s ventures, from crypto to manufacturing.

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Fears of slow sales and tight pricing are weighing on PE stocks.

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The group is focused on acquiring businesses operating mainly in the U.K. online pharmacy market.

Vulcan Two Group Seeks AIM Stock Market IPO

The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

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S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

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The bank is preparing to move thousands of employees into its new, 2.5-million-square-foot Midtown headquarters.

NYC Offices Are Back. Nothing Shows This More Than JPMorgan’s $3 Billion Tower. 

NYC Offices Are Back. Nothing Proves It More Than JPMorgan’s $3 Billion Tower.

Corporate profits are on track for a double-digit climb, led by the tech sector.

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Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The “Taylor Swift tax,” among other levies, targets the rich. Will they be driven away?

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The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

U.S. Stocks Amble to Fresh Records on Optimism for a September Rate Cut

The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

JD Vance’s English Countryside Vacation: Rolling Hills, Armored SUVs and Cranky Locals

Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

Trump Calls on Goldman to Replace Economist Over Tariff Stance

A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

By Alexander Saeedy | Photographs by Emily Kask for WSJ 

Jamie Dimon Took a Bus Tour Down South. We Rode Along.

A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

White House Preps Order to Punish Banks That Discriminate Against Conservatives

Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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Trump’s BLS Firing Tests Wall Street’s Reliance on Government Data

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