Latest Articles
- Philanthropy
Alex Soros, named official successor to his billionaire father at the Open Society Foundations in June, has revealed only a few details of the overhaul, which will include a five-month freeze on new donations starting in October and a minimum 40% staff cut.
- Global
Recent filings show that Yuri Milner is the mystery figure behind a Cayman Islands-based entity that acquired a penthouse at the 50-story London development for $70.3 million in 2021.
- Global
LGT Group, the finance empire behind Liechtenstein’s Prince Hans-Adam II, is flourishing from its main area of expertise: managing money for the world’s super-rich.
- Investing
“Net-asset-value” financing to free up cash has already taken off among private equity firms holding $4.8 trillion of assets who’ve balked at selling investments amid a soft market for mergers and acquisitions. Now lenders are pitching those firms’ clients on the loans as well.
- Global
The company appointed hedge fund billionaire Ryan Cohen as its new CEO, filling a leadership void at the video-game retail chain after losing its second CEO in three years.
- Trust & Estate Planning
The Institute for Fiscal Studies found that abolishing the levy on assets would provide an average £1.1 million ($1.3 million) tax cut to the estates of those who die leaving £2.1 million or more.