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$MS said that at March 31, 2016, approx. 34% of the fair value amount of long-short equity hedge funds was redeemable quarterly, 33% every six months and 33% of these funds have a redemption frequency of greater than six months. Of this, approx. 21% of the fair value of multi-strategy investments is subject to lock-up restrictions.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.