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Subscribe to enjoy similar stories. KKR-backed Avendus Capital is winding down its hedge funds which will see market veteran Andrew Holland leave the firm, two people with knowledge of the development told Mint, on condition of anonymity. The two funds Avendus Absolute Return and Avendus Enhanced Return funds have already started returning money to their investors and the process of winding down is expected to be completed by February, the first person cited above said.

Subscribe to enjoy similar stories. Casey Wasserman was in Italy for the Winter Olympics, scheduled to make a presentation to the International Olympic Committee on the progress of the 2028 Los Angeles Games. Peter Attia, the longevity doctor with cult followers and a bestselling book, was days into a new role as a CBS News contributor.

Jeffrey Epstein, a disgraced financier and convicted offender, files were made public by the Justice Department on Thursday after Attorney General Pam Bondi pledged to do so. The US DOJ made public a 200-page document that included flight logs, Jeffrey Epstein's contact details, and other documents that marked the much-anticipated release of Jeffrey Epstein’s contact list revealing names of celebrities, politicians, and business figures, according to a report by The NY Post. «This Department of Justice is delivering on President Trump's pledge to openness and revealing the heinous deeds of Jeffrey Epstein and his accomplices,» Attorney General Pam Bondi said in a statement, as per a report.

U.S. Justice Department have exposed a string of high-profile celebrity names linked to the convicted sex offender, including pop legend Michael Jackson, actor Alec Baldwin, supermodel Naomi Campbell, Rolling Stones frontman Mick Jagger, and even Prince Andrew. The bombshell documents, unsealed on Thursday, have once again thrust Epstein's dark legacy into the public eye, offering a glimpse into the extensive web of powerful figures who once graced his contact list. While none of the named celebrities have been accused of any crimes related to Epstein's criminal activities, their inclusion in the files has ignited fresh speculation about the late financier’s far-reaching influence.

The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target

A professional with more than 30 years' experience in the industry, Fox joined the business in 2003 as a founding partner of the Dublin office. He started his career in 1994 at Goodbody Stockbrokers where he spent three years as a private client investment analyst and then moved to Davy for six years as a portfolio manager and head of the private client investment committee, before setting up Quilter Cheviot in Ireland. Andrew Fahy, CEO of Quilter Cheviot Europe, said: «It is with profound sadness that we share with you the loss of our colleague and friend, Donnacha Fox, who passed aw...

Nvidia investors will soon reap in some awesome benefits in the coming months, when Donald Trump assumes the role of US President after Joe Biden's tenure. This is majorly because of the fact that Trump is considered to be pro-market and some of his economic policies, although reportedly inflationary, may bringing in a bulkload of money for the US Treasury, if reports are to be believed.

A British court says police can seize more than 2 million pounds ($2.5 million) in unpaid taxes from influencer Andrew Tate and his brother Tristan

The Federal Trade Commission says it will soon require hotels, vacation rental platforms and live event promoters to disclose any fees up front when they list prices

A two-year-old child in Fresno, California, accidentally shot and killed his 22-year-old mother, Jessinya Mina, on Friday evening. The incident occurred at Butterfly Grove Apartments. The toddler accessed an unsecured 9mm handgun and fired a single shot, striking his mother. Police Investigati

President-elect Donald Trump has made another flurry of job announcements

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says we might get relative outperformance but at this point, just keeping your powder dry is probably the best thing to do until some of the scenarios play out after Trump assumes office. Hospitality, and traveling will be a key feature at least for next year or so. The airlines look okay. Some kind of premiumisation is happening in pockets and alcoholic and non-alcoholic drinks are the place to be there. Finally, electronic manufacturing (EMS) is a great area to be in the long term. Those three themes are in play, but if markets go down, then these stocks will go down as well. What is spooking the global markets right now? Do you think the excesses of the Trump rally are getting shaken off a little? Andrew Holland: Yes, you are bound to see a little bit of slowdown in the index after its rise but one thing that has clearly happened is that all the attention and all the focus is now on the US and that is what we have seen in terms of the markets not just the equity market, but obviously the currency and to some extent crypto as well. I do not see that stopping. I think that is going to be the kind of theme as Trump puts together his administration and America first kind of comes out of this.

Prince Andrew, and son, Prince William, King Charles appeared to be a lonely king on Sunday as he attended a crucial veterans' memorial event in London without his wife, Queen Camilla, who is battling a chest infection, as quoted in a report by the Daily Beast. In a shocking blow to the authority of the cancer-stricken king, William laid out plans for a radical shift in tone during his reign, subtly criticizing Charles in a move that would have been unimaginable prior to the king's cancer diagnosis. The contrast between William's and his father's fortunes was made all the clearer by the triumphant presence of Kate Middleton. Charles was already smarting from his brother, Andrew, comprehensively winning the so-called Siege of Royal Lodge this weekend.

Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have unloaded a record ₹1.1 trillion worth of Indian shares from the cash market this October, marking the heaviest monthly outflow yet and rattling investor sentiment.

Mumbai: India’s stock market slumped on Tuesday as continued selling by foreign investors, amid concerns over slowing earnings growth, heightened risk-off sentiment. The selloff was broad-based with mid-cap and small-cap stocks bearing the brunt of the souring mood among investors, resulting in flight of money to safe-haven assets such as gold, which extended its record-breaking streak. The NSE Nifty fell 309 points, or 1.25%, to close at 24,472.10. The BSE Sensex declined 930.55 points, or 1.15%, to end at 80,220.72. Out of the 50 shares on the Nifty, 47 ended lower, while three notched up gains.

A former porn shop worker who was accused by North Carolina Lt. Gov. Mark Robinson of defamation has asked a court to throw out the lawsuit claim against him

Andrew Holland, CEO, Avendus Capital, says it will be a margin story this earning season and the talk is on the pressure on margins and how that can be relieved. Holland does not think there is anywhere to hide at the moment. One can only hide in a bit of cash. So, increasing cash levels for the next few months would not be a bad idea given that earnings are not going to help. We have got the US elections and geopolitical problems plus, China is expected to do another stimulus. All of that plays badly for India in the short term. Did you anticipate this kind of carnage on Bajaj Auto post its numbers? Andrew Holland: It was not the numbers per se, it was more the commentary, wasn’t it? Whilst the festive season has picked up a little bit, it is nowhere near anyone's expectations. So, it has really thrown a damper on the whole market because we are all hoping or the market was hoping that the festive season would start to see a pickup in consumption and that is clearly not likely to happen now. On top of that, we anyway expected a weak earning season across the board. The market valuations does not support downgrades whether it is a company or the sector or the market overall. If the earnings continue like this, we could see another 5% correction from here.

bilateral meeting with Jamaican counterpart Andrew Holness in New Delhi. The bilateral meeting was followed by delegation-level talks between the two leaders. Visiting Prime Minister of Jamaica met PM Modi at Hyderabad House here in the national capital earlier today.

Subscribe to enjoy similar stories. The Indian stock market hit new highs on Friday, driven by the US Federal Reserve’s decision to cut interest rates. This fuelled optimism in the market, with both the frontline indices Nifty 50 and Sensex recording healthy gains.

Subscribe to enjoy similar stories. A dramatic surge in purchases of index futures contracts and in cash buying by foreign investors on Friday signalled a sharp improvement in their sentiment towards India. The bullishness became apparent after the US Federal Reserve cut its policy rates by an outsized 0.5 percentage points on Wednesday.