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Shares of AMC Entertainment are down by more than 75% in August.

Hedge Funds

Hedge Funds Correspondent

AMC Entertainment short-sellers have made more than half a billion dollars betting against the meme stock in August.

Short-sellers have booked $522m in profits so far this month on the back of a 75% stock decline, according to financial analytics provider ORTEX.

AMC short-sellers net $522m in August as meme stock tumbles

Bilal Jafar

AMC Entertainment

GameStop

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Stock Market

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BlackRock creates active stewardship team to assist with private markets push

Former Goldman Sachs executive Amar Kuchinad joins crypto firm Copper as CEO 

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Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

Dmitry Tokarev has stepped back from his role as chief executive after seven years

Kirkland loses regulatory partner to Paul Weiss 

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Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

BNP Paribas dealmaker McNaught departs in UK advisory shake-up

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The French bank has added a further two managing directors amid reshuffle in UK deals team

The consulting firm is cutting back on state-linked clients and is working to separate its China operations

By Yoko Kubota in Beijing and Raffaele Huang in Singapore 

McKinsey Cuts Hundreds From China Workforce

The regulator’s former enforcement director becomes a partner at Milbank after three years pushing fines higher at the SEC.

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China’s housing ministry has announced several measures aimed at boosting the property sector, the latest effort by policymakers to shore up growth in the world’s second-largest economy.

China Announces Fresh Round of Measures to Boost Property Sector

Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

U.K. Inflation Falls to Below BOE Target, Setting Up Rate Cut

The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.

U.K. Regulator Starts Review Into Motor and Home Insurance Market

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