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(Bloomberg) -- Jeffrey Gundlach may be on the move.The Doubleline Capital chief executive officer tweeted an invitation for real estate agents in “low tax, well governed” U.S. states to call him, as he openly pondered leaving his Los Angeles base.In a series of tweets, sent late Saturday on the West Coast, the billionaire investor said that public figures including Elon Musk “are leaving California to escape incompetent governance.”Like many states in need of more revenue due to the economic ravages of the global pandemic, California is considering raising taxes on its richest residents. Democratic lawmakers in Sacramento have proposed increasing the top rate to 16.8% from 13.3% for incomes over $5 million, with changes retroactive to Jan. 1.New Jersey lawmakers this month approved raising the tax rate to 10.75% from 8.97% for those with incomes above $1 million and there’s a ballot measure in Illinois calling for higher levies on the...
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]...
Mexico’s oil reform, which opened up the nation’ abundant offshore reserves to foreign drillers could be about to reversed at the worst time possible...
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Every investor in Futu Holdings Limited (NASDAQ:FUTU) should be aware of the most powerful shareholder groups......
Another busy week of IPOs is set for the week of Sept. 28. Here is a look at many of the companies set to price and go public this week.Boqii Holdings Ltd.The largest pet-focused platform by revenue and customers in China, Boquii Holdings Ltd. (NYSE: BQ) is set to go public in the U.S. offering 7 million ADS at a price point of $10 to $12. Boqii has grown to offer a user community, an app, private-label offerings, SaaS solutions for physical pet store, live streaming/short video and took a stake in a leading pet food manufacturer.Revenue was $108.6 million for the last full fiscal year. The last reported quarter saw revenue of $33.7 million. Boqqi has over 23 million registered users for its online pet community.Orphazyme A/SLate-stage biopharmaceutical company Orphazyme (NASDAQ: ORPH) is set to go public this week. The company just announced its arimoclomol was granted for priority review...
