Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 5.82% (net) compared to a 7.56% gain for the S&P 500 Index benchmark. The firm focuses on quality businesses that have considerable competitive […]
Benzinga Alibaba Shares Pop: Company To Restructure Into 6 Independent Entities To Unlock Value, Eye Fresh IPOs Jack Ma's Alibaba Group Holding Limited (NYSE: BABA) will reorganize its businesses into six independently run entities. The restructuring aims to streamline management and shorten decision-making, taking a page out of the playbook of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Alibaba CEO Daniel Zhang will delegate operational decisions, including hiring and firing, research, profit,
Companies are moving away from the nascent industry as regulators increasingly scrutinize crypto and the buzz around A.I. rises.