WSJ News Exclusive | The Hollywood Drama That Cost a BlackRock Fund $75 Million

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 9%
  • Publisher: 63%

BlackRock fired a fund manager over a conflict of interest after his daughter got a screen role with a movie he financed

United States Headlines News

United States Latest News, United States Headlines

Take a break from the market turmoil to ponder the drama at a little fund run by the world’s biggest asset manager. It involves allegations of fraud and forgery, not to mention a fund manager’s daughter landing a part in a movie the fund financed.

We’re talking about the BlackRock Multi-Sector Income Trust. In 2017, the fund, which at that time had $750 million in net assets, lent a tenth of that to a small, privately held movie company, Aviron Capital LLC. It was an unusually aggressive bet. By late 2019, the fund said the...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Too bad her last name isn’t Biden or she could have been made president of the studio without any backlash.

Another Democrat

Meanwhile Hunter Biden is a board member of a company where he has zero expertise.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSJ News Exclusive | Michael Bloomberg’s Campaign Sought Andrew Yang’s Backing, Floated Vice- Presidential SlotMichael Bloomberg's campaign has sought Andrew Yang's endorsement and floated the possibility of Yang becoming his running mate, people familiar with the talks said Dem ticket must include a woman as either vp or nominee or both. Must Oh hell no. eat_more_tacos No! 😱 Don't do it AndrewYang. Stay strong.
Source: WSJ - 🏆 98. / 63 Read more »

WSJ News Exclusive | FCC Probe Finds Mobile Carriers Didn’t Safeguard Customer Location DataThe Federal Communications Commission is seeking hundreds of millions of dollars in fines from top carriers that it found failed to safeguard information about customers’ real-time locations, according to people familiar with the matter. Try as you might DadeI am not into porn nor will i be expected to landon a porn website
Source: WSJ - 🏆 98. / 63 Read more »

WSJ News Exclusive | Bernie Sanders Aims New Tax Hike at Executive Retirement PlansBernie Sanders, borrowing from a discarded GOP proposal, seeks new limits on stock options and tax advantages inside executives’ retirement plans. To all those young buck supporting Bernie Sanders, have you ever bother asking him how he’s going to get 60 votes in the Senate to pass everything he’s promising My only criticism is that the rates aren't higher.
Source: WSJ - 🏆 98. / 63 Read more »

WSJ News Exclusive | Activist Investor Robbins Closing His FirmClifton S. Robbins is closing his firm, the latest high-profile veteran to exit the hedge-fund business. His motivation appears to be different from his rivals, however. People don’t like loosing money with “activists” Managers are basically saying, 'I'm not willing to work for my fees.'
Source: WSJ - 🏆 98. / 63 Read more »

WSJ News Exclusive | Cisco Plans New Round of LayoffsCisco plans a new round of layoffs as it faces the prospect of slowing sales growth because of global uncertainty In the late 2000's, I worked on a marketing project for Cisco Systems' North American mkt. & I remember one of their sales or mktg reps mention in a conference call that Cisco sold network switches that cost $1 million each. Wow! You don't want to drop one of those on the ground. Cisco is over!
Source: WSJ - 🏆 98. / 63 Read more »

Biden Clarifies That He Wasn't Arrested in South Africa - WSJ.comJoe Biden clarified that he had not been arrested during a 1970s-era congressional delegation trip to South Africa, as he had said at campaign events earlier this month Malarkey! Imagine the media response if this had been any of the other candidates. Joe is old. Joe is delusional. Dementia. Arrested means detained .. he says he was stopped and not able to go where he wanted to . Seems legit
Source: WSJ - 🏆 98. / 63 Read more »