Search

The University of Pennsylvania is facing backlash from alumni and donors who are unhappy with recent events on campus. Some donors, like David Magerman, have decided to stop donating and have asked for their names to be removed from the university. Magerman believes that the university is no longer welcoming to Jews and does not align with his values. Other donors, like Jacqueline Reses, want the university to review its curriculum and hiring processes to ensure academic excellence and a safe environment for students. The conflict over the university's future has been fueled by protests related to the Israel-Hamas war, and tensions have escalated between board members, trustees, and key parts of the university's leadership and faculty. [Extracted from the article]

The University of Pennsylvania is facing backlash from alumni and donors who are unhappy with recent events on campus. Some donors, like David Magerman, have decided to stop donating to the university and have asked for their names to be removed. Magerman believes that the university is no longer welcoming to Jews and does not align with his values. Other donors, like Jacqueline Reses, want the university to review its curriculum and hiring processes to ensure academic excellence and a safe environment for students. The conflict over the university's future has been fueled by protests related to the Israel-Hamas war, and tensions have escalated between board members, trustees, and key parts of the university's leadership and faculty. [Extracted from the article]

Holistic AI, a startup in Paris founded by former DeepMind scientists, has raised $200 million in its initial financing round. The funding will be used to develop "multi-agent" models, where multiple AI systems interact with each other. The startup aims to create AI with skills like memory, planning, and tactical decision-making. Investors in the round include Accel Partners LP and Wendy and Eric Schmidt. Holistic AI plans to go beyond existing large language models like OpenAI's GPT and Google's Gemini, targeting multiple verticals and revenue streams. [Extracted from the article]

Oppenheimer & Co. has hired Frank Sanchez Reed, a former UBS Group AG banker, as managing director to lead its public finance team in the US Southwest. Reed, who has almost three decades of experience, will focus on large issuers including California. This is part of Oppenheimer's expansion in US public finance, as they have already hired six municipal bankers from UBS this year. The hiring of Reed and other UBS and Citigroup Inc. bankers by rival firms is a result of UBS and Citigroup's retreat from the municipal underwriting business. [Extracted from the article]

Former I Squared Capital partner Thomas Lefebvre has launched Tallvine Partners, a firm focused on middle-market infrastructure investments in North America. Tallvine is collaborating with William Blair's private capital advisory arm and is currently in discussions with potential anchor investors for its debut fund. Lefebvre will be working with former colleagues from I Squared, Mark Clark and Chucri Hjeily. The fundraising environment for infrastructure funds has been challenging due to high interest rates, with capital raised in 2023 totaling $77.6 billion, less than half of the previous year's total. [Extracted from the article]

Harvard University alumni board candidate Sam Lessin has raised concerns about the voting process, claiming that changes made in 2020 prevented many alumni from participating. Lessin specifically highlighted difficulties faced by graduates of Harvard Business School, who were reportedly confused about the voting systems. Lessin fell short of the required votes to get on the ballot, prompting him and others to mount a last-minute effort to be on the Harvard Board of Overseers. The university has defended the fairness of the process, stating that it moved online in 2016 and has elected petition candidates in previous years. [Extracted from the article]

The former board chair at the University of Pennsylvania, Scott Bok, believes that college donors should not have a significant influence on how institutions are run. Bok and UPenn President Liz Magill recently resigned due to pressure from donors, alumni, and lawmakers regarding allegations of antisemitism on campus. Donor activism has also been seen at Harvard University, where individuals have paused their gifts until the institution addresses antisemitism. Bok argues that the governance model of universities should not be fundamentally changed due to short-term crises. [Extracted from the article]

Harvard University is experiencing internal divisions as faculty, students, and alumni clash over the leadership of President Claudine Gay. Over 700 faculty members have signed a petition supporting Gay and urging the school to uphold academic freedom, while over 1,000 students and alumni, including billionaire donors like Bill Ackman, are demanding her removal due to rising antisemitism on campus. The controversy has intensified since Gay testified at a congressional hearing, drawing criticism from the White House and leading to calls for her resignation. The situation at Harvard reflects broader debates over free speech, diversity, and the influence of donors at elite universities. [Extracted from the article]

Harvard University is experiencing internal divisions as faculty, students, and alumni clash over the leadership of President Claudine Gay. Over 700 faculty members have signed a petition supporting Gay and urging the school to uphold academic freedom, while over 1,000 students and alumni, including billionaire donors like Bill Ackman, are demanding her removal due to rising antisemitism on campus. The controversy has highlighted broader ideological battles over free speech, diversity, and the influence of donors at elite universities like Harvard. The Harvard board is set to meet to discuss the leadership question, which has also attracted federal investigations into antisemitism charges. [Extracted from the article]

Harvard University is currently experiencing significant division and controversy. Over 700 faculty members have signed a petition urging the school's leadership to uphold academic freedom and resist political pressures, while over 1,000 students and alumni, including prominent donors, are calling for the removal of President Claudine Gay due to her handling of rising antisemitism on campus. The situation has caused tension among students and staff, and the Harvard Corporation, which includes Gay and other influential figures, has yet to issue a statement in support of her. The controversy at Harvard reflects broader debates surrounding free speech, diversity, and the influence of donors at elite universities. [Extracted from the article]

Harvard University and other elite American universities have come under scrutiny for their handling of accusations of antisemitism on campus. The resignation of University of Pennsylvania President Liz Magill has intensified the focus on Claudine Gay, Harvard's first black president. The controversy has raised questions about free speech, university independence, and the ability of university leaders to navigate these issues. While some alumni and donors have called for Gay's resignation, others are concerned about the potential negative impact of a prolonged search for a new president. The situation has also sparked debate about external interference in university leadership. [Extracted from the article]

University of Pennsylvania President Liz Magill and board chair Scott Bok have resigned following pressure from alumni, donors, and lawmakers over allegations of antisemitism on campus. The resignations come after Magill's widely criticized testimony before Congress, where she failed to explicitly state that calling for the genocide of Jews is against school policy. The controversy began before the Oct. 7 attack on Israel by Hamas, with concerns raised over the hosting of a Palestinian literature festival. The resignations mark a high-profile response to the crisis facing US academic leaders in the aftermath of the attack on Israel. [Extracted from the article]

University of Pennsylvania President Liz Magill and board chair Scott Bok have resigned following pressure from alumni, donors, and lawmakers over allegations of antisemitism on campus. The resignations come after Magill's widely criticized performance before Congress, where she failed to explicitly state that calling for the genocide of Jews is against school policy. The controversy began before the October 7 attack on Israel by Hamas, with concerns raised over the hosting of a Palestinian literature festival. The university defended its decision, but opposition to Magill and Bok intensified after the attack. [Extracted from the article]

(Bloomberg) -- University of Pennsylvania President Liz Magill has resigned after coming under pressure from alumni and lawmakers amid an ongoing row over antisemitism on campus.The resignation was announced in a statement by board of trustees chair Scott Bok. Magill will stay on until an interim president is appointed.Read more: Wharton Rebels Ramp Up Pressure to Force Penn President to Quit©2023 Bloomberg L.P.By Janet LorinReported by Author [Extracted from the article]

Harvard University is facing an escalating crisis of antisemitism, with thousands of alumni demanding change, a congressional committee launching an investigation, and an influential rabbi resigning from an advisory group. The controversy intensified after Harvard President Claudine Gay's congressional testimony was criticized for being evasive. The Harvard Jewish Alumni Alliance has called for the expulsion of any student or faculty member who calls for violence against civilians and for an investigation into the funding sources of Harvard-affiliated groups. There are mounting calls for the resignation of Harvard and Penn presidents, with criticism coming from alumni, business leaders, faculty, and politicians. [Extracted from the article]

Harvard University is facing an escalating crisis of antisemitism, with thousands of alumni demanding change, a congressional committee launching an investigation, and an influential rabbi resigning from an advisory group. The controversy intensified after Harvard President Claudine Gay's congressional testimony was criticized for being evasive. The Harvard Jewish Alumni Alliance has called for the expulsion of any student or faculty member who calls for violence against civilians and for an investigation into the funding sources of Harvard-affiliated groups. While there are calls for Gay and Penn President Liz Magill to resign, the alumni group is urging the university's governing board to enact changes instead. [Extracted from the article]

Harvard University is facing backlash from alumni over its handling of a campus crisis following an attack by Hamas on Israel. Many alumni are withholding donations and expressing their dissatisfaction with the university's response. The financial impact of this alumni revolt is uncertain, but it could have significant consequences for Harvard, as fundraising makes up about 12% of its annual revenue. The unrest at Harvard is part of a larger trend of turmoil at colleges across the United States in response to the conflict between Israel and Hamas. [Extracted from the article]

Princeton, Yale, and Harvard alumni are urging their respective universities to address and combat antisemitism on campus. Over 1,600 Princeton alumni, students, and faculty sent a letter to administrators expressing concern about the campus becoming a "hotbed of antisemitism." Similar letters were also sent to Yale and Harvard, with signatories citing incidents of harassment and protests that targeted Jewish students. The alumni groups are calling for action, including the creation of antisemitism task forces and security measures to ensure classes are not disrupted. The US Education Department has also opened investigations into possible discrimination at several universities. [Extracted from the article]

More than 1,600 Princeton University alumni, students, and faculty have signed a letter urging the school to prevent the spread of antisemitism on campus. The letter was prompted by protests that some students felt implied violence towards Jews. Similar incidents have occurred at other universities, leading to the creation of antisemitism task forces. A recent poll by Hillel International found that over half of Jewish US college students feel unsafe on their campuses since the Hamas attack. Princeton's Hillel Rabbi stated that while students find it difficult to hear certain chants, they are demonstrating resilience and a commitment to respectful dialogue. [Extracted from the article]

Over 1,600 Princeton University alumni, students, and faculty have signed a letter urging the school to address concerns of antisemitism on campus. The letter was prompted by recent protests where some students felt threatened by comments implying violence towards Jews. Similar incidents have occurred at other universities, leading to the creation of antisemitism task forces. A recent poll by Hillel International found that over half of Jewish college students in the US feel unsafe on their campuses since the recent Hamas attack. The Princeton alumni who wrote the letter were contacted by students who felt physically unsafe and believed the university's response was inconsistent with how other groups are supported. [Extracted from the article]

Gaurav Grover, a former employee of Moore Capital Management, is closing his hedge fund firm, Trikon Asset Management Ltd., based in Hong Kong after five years of operation. Grover is taking a break to spend more time with his family and has no plans to retire. Trikon had shown promise as a startup, with early investments from partners of Grover's former employers. The decision to close the firm was not influenced by the state of Asian stock markets or geopolitical tensions. Hedge funds in Asia have struggled in recent years, with many experiencing losses and investors redeeming significant amounts of money. [Extracted from the article]

The Stanford letter called on Saller and Martinez to unequivocally condemn antisemitism and the Hamas attack, and to take concrete actions to ensure the safety of Jewish and Israeli students, faculty and staff. (Bloomberg) -- Stanford University leadership is coming under increasing criticism for failing to clearly condemn the Hamas attacks on Israel and recent acts of antisemitism on campus. [Extracted from the article]

(Bloomberg) -- Stanford University leadership is coming under increasing criticism for failing to clearly condemn the Hamas attacks on Israel and recent acts of antisemitism on campus. The Stanford letter called on Saller and Martinez to unequivocally condemn antisemitism and the Hamas attack, and to take concrete actions to ensure the safety of Jewish and Israeli students, faculty and staff. [Extracted from the article]

(Bloomberg) -- Erste Group Bank AG picked Peter Bosek as its chief executive officer, bringing the former board member back after passing on him in a previous leadership race. "I have been closely associated with Erste for more than half of my life", Bosek said in the statement. [Extracted from the article]

(Bloomberg) -- Two former Blackstone Inc. executives, Gideon Berger and Min Htoo, are starting a hedge fund that's expected to begin trading in coming months with more than $1 billion, according to people who've spoken to the founders. Htoo and Berger worked in Blackstone's alternative asset management unit, known as BAAM. [Extracted from the article]

(Bloomberg) -- A new multistrategy hedge fund run by Wall Street veterans Brian Hurst and Elisha Wiesel began trading Thursday, focusing on offbeat strategies such as temperature arbitrage. Hurst, a 21-year veteran of AQR Capital Management, and Wiesel, who spent 25 years at Goldman Sachs Group Inc., are starting Niche Plus as ClearAlpha Technologies' first fund. [Extracted from the article]

A candidate from rival Palang Pracharath party, the biggest military-allied party, is petitioning the election commission to investigate Pita for owning 42,000 ITV shares while he was a lower-house member in 2019. Move Forward is counting on the support of more than 300 lawmakers, Pita said on Monday, adding the party was looking to form a government as soon as possible. [Extracted from the article]

A candidate from rival Palang Pracharath party, the biggest military-allied party, is petitioning the election commission to investigate Pita for owning 42,000 ITV shares while he was a lower-house member in 2019. Move Forward is counting on the support of more than 300 lawmakers, Pita said on Monday, adding the party was looking to form a government as soon as possible. [Extracted from the article]

(Bloomberg) -- A reformist party helmed by a Harvard alumnus has gained major ground in the initial results of the Thailand election. A candidate from rival Palang Pracharath party, the biggest military-allied party, is petitioning the election commission to investigate Pita for owning 42,000 ITV shares while he was a lower-house member in 2019. [Extracted from the article]

BayPine, founded in 2019, is led by David Roux, 65, a co-founder and former co-chief executive officer of Silver Lake, and Anjan Mukherjee, 48, previously a senior managing director at Blackstone. (Bloomberg) -- BayPine, a private equity firm founded by veterans of Silver Lake and Blackstone Inc., raised $2.2 billion from institutional investors for its first fund. The firm has about $3 billion of capital, including co-investments, that it will use to acquire stakes in established middle-market firms and help them overhaul their digital strategies, Boston-based BayPine said Thursday in an emailed statement. [Extracted from the article]

Keywords: 1624796DCH; COIN; NXCCORP@KS; BUSINESS; COS; DIGITALCUR; INDUSTRIES; MARKETS; TEC; TECSVC; WORLD EN 1624796DCH COIN NXCCORP@KS BUSINESS COS DIGITALCUR INDUSTRIES MARKETS TEC TECSVC WORLD Bitstamp Ltd. has hired Robert Zagotta as U.S. chief executive officer as the London-based cryptocurrency exchange looks to build an American presence. QWL1F4DWX2PW (Bloomberg) -- Bitstamp Ltd. has hired Robert Zagotta as U.S. chief executive officer as the London-based cryptocurrency exchange looks to build an American presence. [Extracted from the article]

(Bloomberg) -- Consulting giant McKinsey & Co., like numerous other corporations, is withdrawing from Russia - but not before taking flak from current and former staff for moving too slowly to cut ties with the country after invading Ukraine. The new policy goes well beyond the stand McKinsey global managing partner Bob Sternfels took Sunday in a LinkedIn post, when he said only that work for government entities would cease, without mentioning companies that are fully or partially state owned. [Extracted from the article]

Investors in the Castle Island Ventures III fund include endowments, asset managers and family offices, according to the firm. In addition to closing the round, Castle Island promoted principal Ria Bhutoria -- also a Fidelity alum -- to a general partner, joining Carter, Walsh and Sean Judge. Keywords: 1577411D; 3382804Z; PE19576@GR; ALLTOP; BUSINESS; COS; DIGITALCUR; FIN; INDUSTRIES; INTERNET; TEC; TECSVC; TOP; WWTOP; WWTOPAM; WWTOPEU EN 1577411D 3382804Z PE19576@GR ALLTOP BUSINESS COS DIGITALCUR FIN INDUSTRIES INTERNET TEC TECSVC TOP WWTOP WWTOPAM WWTOPEU Digital-asset firm Castle Island Ventures raised $250 million, the largest amount ever by the four-year-old firm, to target startups involved in building monetary networks, financial services and internet architecture such as web3. [Extracted from the article]

(Bloomberg) -- Former Elliott Investment Management executive Adam Katz is partnering with Andy Dodge, formerly of Indaba Capital Management, to launch a new activist hedge fund this year that will focus on small to mid-cap companies, according to people familiar with the matter. The firm is raising two funds: an evergreen fund and a private equity style draw-down fund, the people said. [Extracted from the article]

VMG is funding its interest in the SPAC through its fourth fund, known as VMG Partners IV, one of the people said. (Bloomberg) -- VMG Partners, a private equity firm that makes bets on consumer and retail brands, hired former Goldman Sachs Group Inc. banker Aarti Kapoor to lead a new special purpose acquisition company effort, according to people with knowledge of the matter. [Extracted from the article]

(Bloomberg) -- Alumni of the Massachusetts Institute of Technology are the graduates best positioned to find a job as the global economy roars back and employers look to fill open positions. Compiled by the London-based higher-education analytics firm QS Quacquarelli Symonds, the rankings take into account employer reputation, alumni outcomes, employer-student connections, partnerships with employers and the graduate employment rate. For the third year, MIT landed a perfect score on the QS Graduate Employability Rankings, retaining its title as the best alma mater to have when looking for a job. [Extracted from the article]

(Bloomberg) -- Northwestern University received a $480 million gift, a record for the Illinois school, from alumni Patrick and Shirley Ryan and their family. The money will help bolster research in fields including applied microeconomics, business, digital medicine, neuroscience and global health, as well as redevelop the home of the its football facility, Ryan Field, the Evanston-based university announced Wednesday. The gift "will have a profound and lasting impact on faculty and student opportunities, including research and discovery", Northwestern President Morton Schapiro said in a statement. [Extracted from the article]

Pill, who has previous central banking experience from a host of roles at the European Central Bank, will start the role on Sept. 6, the BOE said. (Bloomberg) -- The Bank of England has named Huw Pill, a former Goldman Sachs economist who now works at Harvard Business School, to be its next chief economist. [Extracted from the article]

Insurtech firms aim to upend the insurance industry through the integration of technology, just as fintech companies have done in banking. Venture capital firm Target Global led the investment in Berlin-based Wefox, which sells property-insurance products in Germany, Poland and Switzerland and also offers related software. (Bloomberg) -- Wefox, an insurance-technology firm founded by former Groupon Inc. and Deutsche Bank AG staff, raised $650 million in a funding round that values the company at $3 billion. [Extracted from the article]

Venture-capital firm Target Global led the investment in Berlin-based Wefox, which sells property-insurance products in Germany, Poland and Switzerland and also offers related software. (Bloomberg) -- Wefox, an insurance technology firm founded by former Groupon Inc. and Deutsche Bank AG staff, raised $650 million in a funding round that values the company at $3 billion. Insurtech firms aim to upend the insurance industry through the integration of technology, just as fintech companies have done in banking. [Extracted from the article]

The company's main non-Japanese institutional clients have so far been family offices and hedge funds, he said.Having first established a presence in the U.S. in 2017, the firm recently created a sales-and-trading team partly to tap new clients, he said. The amount of cash and crypto assets held at bitFlyer's client accounts could grow beyond 1 trillion yen by the end of the year from 573.2 billion yen in March, Hayashi said. "The U.S. market is going through a transformation", President Kuniyoshi Hayashi, a former deputy president at Citigroup Inc.'s Japanese brokerage unit who joined the firm in March, said in an interview. [Extracted from the article]

"The U.S. market is going through a transformation", President Kuniyoshi Hayashi, a former deputy president at Citigroup Inc.'s Japanese brokerage unit who joined the firm in March, said in an interview. The amount of cash and crypto assets held at bitFlyer's client accounts could grow beyond 1 trillion yen by the end of the year from 573.2 billion yen in March, Hayashi said. The company's main non-Japanese institutional clients have so far been family offices and hedge funds, he said.Having first established a presence in the U.S. in 2017, the firm recently created a sales-and-trading team partly to tap new clients, he said. [Extracted from the article]

(Bloomberg) -- Cloris Leachman, the seemingly ageless actress who won Emmy awards and her own spin-off for her TV portrayal of an opinionated neighbor on "The Mary Tyler Moore Show", has died. With more than 250 television and film credits, Leachman won an Oscar -- for best supporting actress in 1971's "The Last Picture Show" -- along with Emmy awards and a Golden Globe award. [Extracted from the article]

(Bloomberg) -- Daniel Darahem, in one of his first steps after taking over JPMorgan Chase & Co.'s Brazil operation last year, reached out to executives who had quit the bank and invited them to chat with Chief Executive Officer Jamie Dimon. Darahem asked several former JPMorgan executives to participate on panels at the firm's annual conference in Brazil, which went virtual in December with more than 1,000 participants and about 100 alumni. [Extracted from the article]

(Bloomberg) -- Janet Yellen is focusing on several Obama-administration alumni for key posts in the U.S. Treasury, according to people familiar with the matter, as critical decisions loom on everything from debt funding to international economic ties. Seth Carpenter and Michael Barr are being considered for undersecretary for domestic finance, the people said on condition of anonymity as the discussions are private. [Extracted from the article]

(Bloomberg) -- Janet Yellen is focusing on several Obama-administration alumni for key posts in the U.S. Treasury, according to people familiar with the matter, as critical decisions loom on everything from debt funding to international economic ties. Seth Carpenter and Michael Barr are being considered for undersecretary for domestic finance, the people said on condition of anonymity as the discussions are private. [Extracted from the article]

Mike Whitman departed private equity firm General Atlantic just months after joining in a newly created senior role, according to people with knowledge of the matter. But when Smith formed a joint venture with growth-oriented private equity firm General Atlantic, Whitman joined the latter as the head of capital solutions. [Extracted from the article]