in Bloomberg BusinessWeek, a hedge fund using investor money to defend against allegations of illegal activity

Link: http://www.bloomberg.com/news/articles/2016-07-20/at-visium-red-flags-presaged-downfall-of-8-billion-hedge-fund

——————–

On the move by a hedge fund to hold back investors’ dollars to pay hedge
fund legal fees related to allegations to illegal activity.

http://www.bloomberg.com/news/articles/2016-07-20/at-visium-red-flags-presaged-downfall-of-8-billion-hedge-fund

“Investors pay hefty fees to the fund’s management firm, expecting it to
pick good, honest people,” said Erik Gordon, a professor at the University
of Michigan Ross School of Business. “When it doesn’t, investors don’t want
to pay the legal fees for a mess they didn’t create.”
—
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

in The Washington Post: Is the government investigating Fiat Chrysler for securities fraud?

Link: https://www.washingtonpost.com/news/the-switch/wp/2016/07/18/justice-department-sec-investigating-fiat-chrysler-over-allegations-of-false-sales-numbers/

——————–

About the SEC and Department of Justice inquiries into Fiat Chrylser’s
sales numbers and the possibility of securities fraud allegations:

https://www.washingtonpost.com/news/the-switch/wp/2016/07/18/justice-department-sec-investigating-fiat-chrysler-over-allegations-of-false-sales-numbers/

—
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

in The L.A. Times, on Yahoo’s writedown of its billion-dollar acquisition of Tumblr

Link: http://www.latimes.com/business/technology/la-fi-tn-yahoo-q2-20160718-snap-story.html

——————–

When a CEO doesn’t know to do, he or she often acquires something. With a
little luck, it works, and if not, they probably will be out and on to
their next gig before it blows up, on someone else’s watch. But not always.

http://www.latimes.com/business/technology/la-fi-tn-yahoo-q2-20160718-snap-story.html

—
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

Story on funding startups, via Reuters

Link: http://www.cnbc.com/2016/07/15/reuters-america-venture-capital-investments-rebound-for-tech-startups.html

——————–

VC funding trends — mentions our UM VC funds (the copy editor took out the
names, but at least left the mention that we have them):

at cnbc

http://www.cnbc.com/2016/07/15/reuters-america-venture-capital-investments-rebound-for-tech-startups.html

in the UK, at The Daily Mail:

http://www.dailymail.co.uk/wires/reuters/article-3691395/Venture-capital-investments-rebound-tech-startups.html

In Singapore:

http://www.todayonline.com/business/venture-capital-investments-rebound-tech-startups

Reuters:

http://www.reuters.com/article/us-funding-startups-idUSKCN0ZV0ED
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan