Diamondback Duo Starts Long-Short Hedge Fund With $1 Billion

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Diamondback Duo Starts Long-Short Hedge Fund With $1 Billion

Rich Schimel and Lawrence Sapanski have started their new hedge fund with $1 billion in commitments seven years after shutting their previous firm, according to an email sent to investors. Like Diamondback Capital Management, the duo’s Cinctive Capital …
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Old Habit Is Hard to Break as Momentum Stocks Surge Back to Top

So much for the share rotation from momentum into value that froze equity traders in their tracks last week. Or so much for it today, anyway. One week
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Lines down the block in Arlington for Amazon Career Day

The line of job seekers aiming to get their resumes in front of Amazon officials stretched down the block in Arlington, Virginia, Tuesday. The digital giant said its hoping to fill 30,000 full- and part-time jobs through its “Amazon Career Day” events. The company …
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Westpac reveals whopping 30pc gender pay gap

Westpac New Zealand boss David McLean thought the bank was doing pretty well on the gender front until it took a closer look under the hood. The bank has three women on its eight member board including the chair and four of its eight general managers …
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Virgin Galactic's Newest Spaceship Just Got Its Wings (Photos)

Virgin Galactic’s third space plane is really starting to come together. The fuselage of the next suborbital SpaceShipTwo vehicle has been mated with the finished wing section, company representatives announced yesterday (Sept. 16). “In addition, the two tail …
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