Karen Strauss Cook, a pioneering female equity trader at Goldman, Sachs & Co. who helped other working moms stay in finance and will be honored next month by the group 100 Women in Hedge Funds, has died. She was 61.
Investors should avoid bonds and buy stocks in companies paying high dividends, and the Federal Reserve should reconsider its low-interest-rate policy, according to Michael Steinhardt, whose hedge funds returned more than 20 percent a year for almost three decades.
The collection of Judaica assembled over the past three decade by philanthropist and former hedge-fund manager Michael Steinhardt and his wife, Judy, is heading to the auction block next week in New York.
A 15th-century illustrated volume of Mishneh Torah from the collection of Michael and Judy Steinhardt, which was planned to be sold at Sotheby’s this morning, was jointly purchased by the Israel Museum in Jerusalem and the Metropolitan Museum of Art, Sotheby’s said today.
When New York mayoral candidate Bill de Blasio first proposed taxing the rich so every child in the city could attend all-day preschool, it was October and he had support from fewer than 10 percent of Democrats in polls.
Pablo Picasso met Francoise Gilot, then a 21-year-old painter, in a Paris restaurant in 1943 during the Nazi occupation, and the two became lovers. While artists such as Max Ernst fled Paris for the U.S., Picasso hung tough even though the Germans prohibited his art from being shown.
Israel, under threat of war from its neighbors since being founded in 1948, produced better risk- adjusted returns than all other developed stock markets in the past decade as the technology-driven economy attracted global investors.