SEC Hedge Fund Fee Disclosure Rule Struck Down by US Court

June 5, 2024

(Bloomberg) A federal appeals court struck down the US Securities and Exchange Commission’s rules requiring hedge funds and private equity firms to detail quarterly fees and expenses to investors — a significant setback in the regulator’s clampdown on the private-funds industry. Read more here.

What Nelson Peltz’s ‘Surprising’ Anti-Woke Campaign Can Teach Us

June 5, 2024

(Roy Swan, Observer) Data irrefutably indicates that “pro-woke, pro-DEI” shareholder activism would deliver greater economic value to all stakeholders than an anti-woke, anti-DEI strategy. Read more here.

The AI Revolution Is Already Losing Steam

May 31, 2024

(WSJ) The pace of innovation in AI is slowing, its usefulness is limited, and the cost of running it remains exorbitant. Read more here.

A Nonprofit Tried to Fix Tech Culture—but Lost Control of Its Own

May 29, 2024

(Wired) Two ex-Facebook employees founded the nonprofit Integrity Institute to clean up tech platforms. Now it’s reeling amid fights on Slack and one founder’s resignation after an external HR investigation. Read more here.

A venture capital firm looks back on changing norms, from board seats to backing rival startups

May 26, 2024

(TechCrunch) Last month, one of the Bay Area’s better-known early-stage venture capital firms, Uncork Capital, marked its 20th anniversary with a party in a renovated church in San Francisco’s SoMa neighborhood, where 420 guests showed up to help the firm celebrate, trade tips and share war stories. Read more here.

The text file that runs the internet

May 23, 2024

(Verge) For decades, robots.txt governed the behavior of web crawlers. But as unscrupulous AI companies seek out more and more data, the basic social contract of the web is falling apart.  Read more here.

Blackstone to Grant Equity to Most Employees in Future U.S. Buyouts

May 21, 2024

(WSJ) Blackstone wants rank-and-file employees at the companies it buys to own a piece of their business. Read more here.

Half of venture firms will ‘fade or fail,’ prominent VC forecasts

May 20, 2024

(MarketWatch) As many as half the venture-capital firms will fade or fail, says a prominent player in that space. Josh Wolfe, the co-founder of New York VC firm Lux Capital, says the contraction will be driven by both fractured partnerships as well as what he calls “feckless” strategies that are too weak to fix. He…

Election “uncertainty” won’t dent dealmaking in 2024

May 17, 2024

(Axios) Dealmakers aren’t sweating this year’s presidential election, even if it’s the most important of our lifetimes. Read more here.

Billionaire Frank McCourt Plans Bid for TikTok in U.S.

May 15, 2024

(WSJ) The real-estate mogul said he is organizing a bid to acquire platform, saying he will put users and data security at the center of its design and purpose. Read more here.