Jared Kushner’s new fund plans to invest Saudi money in Israel

Jared Kushner’s new private equity fund plans to invest millions of dollars of Saudi money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $3 billion, including a $2 billion commitment from the kingdom’s sovereign wealth … Read more

Jared Kushner’s new fund plans to invest Saudi money in Israel

Jared Kushner’s new private equity fund plans to invest millions of dollars of Saudi money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $3 billion, including a $2 billion commitment from the kingdom’s sovereign wealth … Read more

Archegos founder Bill Hwang and CFO charged with securities fraud

Archegos Capital Management founder Bill Hwang and chief financial officer Patrick Halligan have been charged with securities fraud, wire fraud and racketeering, federal prosecutors in Manhattan announced Wednesday. Prosecutors alleged that the men had participated in interrelated schemes to illegally manipulate stock prices and defraud the world’s leading investment banks and brokerage houses. They alleged … Read more

Musk says Twitter’s board owns almost no stock. Here’s how it compares to Tesla.

Twitter directors receive $225,000 in restricted stock units annually, plus at least $50,000 in cash. David Paul Morris/Bloomberg Text size Elon Musk questioned Twitter directors alignment with shareholders over the weekend, citing most of the board’s personal petty issues in the social media company. The entrepreneur and the richest person in the world proposed to … Read more