The new war in the Middle East has given fresh relevance to the legal term “force majeure.” It’s a clause that can be found buried in many contracts that lets a party off the hook in the event of some unforeseen “act of God.”
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Greg Mazlin and Matthew Lloyd-Thomas are betting that hybrid work and AI will allow more people to get away from their screens and be more active. Mazlin — one of the few partners to depart the $50 billion Tiger Global in recent years — started raising his first fund in 2024 to invest in private companies poised to benefit from two long-term trends: people craving real-life experiences and an increase in leisure time created by artificial intelligence and hybrid work. One of his investments incl
The Federal Drug Enforcement Administration opened an investigation into Jeffrey Epstein and a dozen other individuals in 2015 that centered on allegations of money laundering, drug trafficking and the procurement of Eastern European prostitutes for high-profile clients, according to five people familiar with the case. The investigation, which grew out of a longstanding probe into organized crime, was conducted by a secretive intelligence and law enforcement unit of the DEA and a transnational c
A magazine’s glossy photo shoot with young Wall Streeters, including a pair from Goldman Sachs who opined on their spending and dating, is setting off finger-pointing inside the famously restrained investment bank. When they were confronted by executives, at least one of the men said that they believed compliance was OK with participating in Interview Magazine’s feature, “Meet the Finest Boys in Finance,” according to people with knowledge of the matter. But the press office, which stewards the
BlackRock curbed withdrawals from one of its biggest private credit funds after client requests for redemptions spiked, the latest sign of investor anxiety about the $1.8 trillion private credit industry. The firm’s $26 billion HPS Corporate Lending Fund, one of the largest non-traded business development companies, said in a statement Friday that shareholders requested 9.3% of their shares, but management decided to cap the repurchases at 5%. James Crombie, Bloomberg News Senior Editor for Cred