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Hedge funds need smoother handovers; The sector’s stars tend to be mavericks with outsized egospower-sharers

August 30, 2013 Leave a comment

August 29, 2013 6:36 pm

Hedge funds should invest in smoother handovers

By Gillian Tett

The sector’s stars tend to be mavericks with outsized egospower-sharers

This summer Glenn Dubin, the co-founder of the hedge fund Highbridge Capital Management, has been kicking back – a bit. The reason? Twenty-one years after the 56-year-old created the fund, Mr Dubin recently handed control of his $32bn “baby”, as he calls it, to a former Goldman Sachs banker, Scott Kapnick. But Mr Dubin has not stormed off in a tantrum. He is still working in Highbridge’s Manhattan office to support Mr Kapnick, his handpicked successor.

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Filed under Life

The Most Surprising Things About America, According To An Indian International Student

August 30, 2013 Leave a comment

The Most Surprising Things About America, According To An Indian International Student

GUS LUBIN AUG. 29, 2013, 9:18 PM 10,584 26

Aniruddh Chaturvedi came from Mumbai to Carnegie Mellon University in Pittsburgh, Penn., where he is majoring in computer science. This past summer he interned at a tech company in Silicon Valley. During two years in the U.S., Chaturvedi has been surprised by various aspects of society, as he explained last year in a post on Quora. Chaturvedi offered his latest thoughts on America in an email to Business Insider. Read more of this post

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Food companies and innovation: The Greek-yogurt phenomenon in America left big food firms feeling sour. They are trying to get better at innovation

August 30, 2013 Leave a comment

Food companies and innovation: The Greek-yogurt phenomenon in America left big food firms feeling sour. They are trying to get better at innovation

Aug 31st 2013 |From the print edition

A Kurd and his whey-free way to success

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FEW business careers have been as spectacular as Hamdi Ulukaya’s. He bought an 85-year-old yogurt factory in upstate New York in 2005 and sold his first pot of Chobani “Greek” yogurt 18 months later. This year he expects to sell more than $1 billion-worth of it. Greek-style yogurt’s share of America’s $6.1 billion market has risen from negligible when Chobani started to nearly half. “No category changed faster,” boasts Mr Ulukaya, the sole owner of the firm that makes Chobani. Read more of this post

Filed under Innovation, Life

The entrepreneurial state: A new book points out the big role governments play in creating innovative businesses

August 30, 2013 Leave a comment

The entrepreneurial state: A new book points out the big role governments play in creating innovative businesses

Aug 31st 2013 |From the print edition

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APPLE is generally regarded as an embodiment of everything that is best about innovative businesses. It was started in a garage. For years it played a cool David to Microsoft’s lumbering Goliath. Then it disrupted itself, and the entire entertainment industry, by shifting its focus from computers to mobile devices. But there is something missing from this story, argues Mariana Mazzucato of Sussex University in England, in her book, “The Entrepreneurial State”. Steve Jobs was undoubtedly a genius who understood both engineering and design. Apple was undoubtedly a nimble innovator. But Apple’s success would have been impossible without the active role of the state, the unacknowledged enabler of today’s consumer-electronics revolution. Read more of this post

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China Minzhong Food has dismissed claims of fraud against it by a shortseller as a misunderstanding of its business and said that it would issue a response by the end of the week

August 30, 2013 Leave a comment

PUBLISHED AUGUST 30, 2013

Now Minzhong says it was misunderstood

It dismisses fraud claims but will respond only later; analysts seek strong response

KENNETH LIM KENLIM@SPH.COM.SG

[SINGAPORE] China Minzhong Food Corp has dismissed claims of fraud against it by a shortseller as a misunderstanding of its business and said that it would issue a response by the end of the week. The company delayed reporting its full-year results from yesterday morning to yesterday evening to address some of the issues raised by shortseller Glaucus Research Group, but those numbers would mean little until Minzhong gives its response, observers said. Read more of this post

Filed under Innovation, Macro Trends

Herbalife Billionaire Brawl Puts Spotlight On N.J. Professor

August 30, 2013 Leave a comment

Updated: Friday August 30, 2013 MYT 9:11:05 AM

Herbalife Billionaire Brawl Puts Spotlight On N.J. Professor

BOSTON/NEW YORK: In the battle of investors who’ve made opposite bets on the shares of Herbalife <HLF.N>, both sides – including firms led by billionaires Bill Ackman and George Soros – have consulted a New Jersey college professor and studied his research. For decades, William Keep, dean of the School of Business at the College of New Jersey, has pursued a relatively obscure marketing specialty known as multilevel marketing businesses, or MLMs. But as a new go-to adviser for some of Wall Street’s biggest players, Keep has been suddenly thrust into the spotlight. Read more of this post

Filed under Life, Macro Trends

Chinese researchers identify key protein behind depression

August 30, 2013 Leave a comment

Chinese researchers identify key protein behind depression

English.news.cn   2013-08-30

WASHINGTON, Aug. 29 (Xinhua) — Chinese researchers said Thursday that they have identified a key protein in the brain responsible for the development of depression, offering a fresh avenue in the search for therapies to treat depression. Previous studies have found that cells in a brain region called lateral habenula (LHB) are hyperactive in depressed individuals, but scientists haven’t known what triggers them. Read more of this post

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