International Business Times 
Wisconsin Democratic Sen. Tammy Baldwin became the first federal lawmaker to call for Blackstone CEO Stephen Schwarzman to recuse himself from helping to shape Trump administration policy that affects Schwarzman’s private equity firm. Another influential Democrat joined in — and the White House, under fire Friday, began to distance itself from the billionaire adviser. The Donald…
There are many different components and systems for solving big data problems and one of the big challenges is interoperability. There can be high costs associated with plugging components together to transfer data between one system and another. The Apache Arrow project is good example of how to address issues of cost, speed and flexibility associated…
Within the silos of incumbent financial services, so-called fintech companies are good at picking off one thing only and doing it well. This approach is also taken within data science where a lot of the properly intelligent work is about understanding the domain (problem) and how best to use the information/data for the problem you have.…
A commonly held view of hedge funds is of secretive organizations that jealously guard the tools that make them money. Contrary to this is the trend among certain firms to open source their software and invite collaboration from the developer community. Firms that have blazed a trail in the open sourcing of this sort of technology…
A hedge fund executive leaped to his death from the luxury Sofitel hotel in New York City Monday afternoon, authorities said. In doing so, Charles Murphy, 55, became the fourth person to commit suicide after losing billions in Bernie Madoff’s $50 billion Ponzi scheme. Murphy, who owned a multimillion-dollar townhouse, jumped from a room he had…
RadioShack has filed for bankruptcy protection for a second time and will begin closing down a portion, but not all, of its retail stores. Parent company General Wireless filed a Chapter 11 reorganization petition in U.S. Bankruptcy Court in Delaware Wednesday. In the petition, the company said it will close an initial 187 stores by around…
President-elect Donald Trump’s pick for the chairman of the Securities and Exchange Commission (SEC) could be another Wall Street face — lawyer Jay Clayton — reports said Tuesday, with the announcement expected to come as soon as Wednesday. Clayton, who is a partner at Sullivan & Cromwell LLP, reportedly met with Trump on Dec. 22. With…
This article was originally published by International Business Times. ClearMacro CEO Mike Simcock, who has 25 years of professional asset management experience, says he started the company to help investment managers that were drowning in a deluge of data. There has been a massive explosion in data sources, many offering the prospect of more timely information…
Following a year marked by setbacks, Samsung is expected to unveil its plan to increase its value to shareholders on Tuesday while some investors have been vocal in suggesting the Korean manufacturer should split into two companies, according to a report from Reuters. The pressure to split has come primarily from the United States-based hedge fund…
In order to win back consumer confidence after the debacle of the Galaxy Note 7, Samsung Electronics needs to improve its communications strategy. Journalists for years have complained about the tight-lipped nature of the company’s public relations efforts. Media inquiries were often met with vague answers. Samsung executives rarely granted interviews. The company was often seen…
It pays to be well connected — literally. Imagine someone — say, your brother-in-law — lets slip some information about the major bank where his close friend or family member works. You adjust your holdings of the big bank’s stock accordingly, and make, say, hundreds of thousands in dividends. As long as your informant didn’t personally…