Adam Berry/Getty Images British car and engine manufacturer Rolls-Royce lifted the lid on its shiny new factory for jet engines this week. The Trent XWB engine will be used in Airbus’ A350 XWB aircraft, and it’s one of the quietest and fuel efficient jet engines ever produced.  Rolls-Royce invited company executives, German officials, journalists, and photographers […]

Oscar Health Oscar Health CEO Mario Schlosser Oscar Health, the $ 2.7 billion health-insurance startup, is going to start offering health insurance plans alongside the Cleveland Clinic in Ohio for the first time.  Oscar was co-founded by Josh Kushner, whose brother Jared is one of President Donald Trump’s senior advisers. The health insurer originally focused on offering […]

Carl Court/GettyImages Here they are: The darlings of hedge fund stock pickers.  S&P Global Intelligence has released its Hedge Fund Tracker, which takes a look at the holdings of the ten largest pure play hedge funds. Such firms focus on stock picking, have less than 100 positions, and are more activist in their nature than other hedge funds. […]

Dimitrios Kambouris / Staff Ryan Seacrest and Terry J. Lundgren, the CEO, chairman, and president of Macy’s, at the launch of Seacrest’s Distinction line in 2014. Randa manufactures accessories for and owns Distinction. No matter what brand of belt you’re currently wearing, there’s a pretty good chance it was made by one company: Randa. Randa […]

David Tepper’s hedge fund Appaloosa made a big bet on Bank of America.  The firm invested $ 207.2 million in the bank in the first quarter of this year. It was the biggest new bet the fund made in the period. That info is based on a Bloomberg analysis of a regulatory filing that the firm submitted. The quarterly filing, called a […]

Getty Images/ Kevork Djansezian Baupost founder Seth Klarman. Baupost Group invested nearly half a billion dollars in semiconductor company Qorvo in the first quarter, a regulatory filing shows. The Boston-based hedge fund firm invested about $ 493 million in the first three months of this year, according to the firm’s first-quarter 13-F filing. The firm also invested […]

REUTERS/Rick Wilking Wells Fargo UK-based hedge fund firm Lansdowne Partners invested more than half a billion in Wells Fargo in the first quarter. The fund invested about $ 544 million in the bank during the first three months of this year, according to a Bloomberg analysis of Lansdowne’s 13-F filing. The fund also increased its position in Bank of America, […]

[unable to retrieve full-text content] REUTERS/Toby Melville Dealers work on the trading floor of BGC Partners in the Canary Wharf financial district in east London. A high-profile hedge fund launch has just hired a 15-year Deutsche Bank veteran. Ben Melkman’s Light Sky Macro, a New York-based macro hedge fund, hired Jérôme Saragoussi as director of […]