Hedge fund Melvin Capital lost 49% on its investments in Q1 -source

BOSTON (Reuters) -Melvin Capital, the hedge fund at the center of the GameStop (NYSE:) trading frenzy, lost 49% on its investments during the first three months of 2021, a person familiar with the matter said on Friday. The fund, founded by Gabe Plotkin, lost 7% in March, the source added, speaking on condition of anonymity. […]

Continue Reading

Climate-risk disclosure requirements will spark huge investments: U.S. official

2/2 © Reuters. FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua 2/2 By Andrea Shalal WASHINGTON (Reuters) – Requiring financial institutions and companies to disclose climate change risks will trigger huge shifts in capital investments around the world, U.S. […]

Continue Reading

Equinor appoints new CEO to speed up renewable investments

2/2 © Reuters. FILE PHOTO: Equinor’s logo is seen next to the company’s headquarters in Stavanger 2/2 By Terje Solsvik and Gwladys Fouche OSLO (Reuters) – Equinor (OL:) on Monday announced the appointment of Anders Opedal as chief executive effective from Nov. 2 as the Norwegian oil and gas group looks to speed up a […]

Continue Reading

Republicans urge Trump to bar banks from shunning fossil fuel loans, investments

By Valerie Volcovici WASHINGTON (Reuters) – A group of Republican lawmakers from energy-producing states on Friday called on President Donald Trump to prevent banks from halting loans and investments with companies that produce oil and other fossil fuels while they have access to federal assistance programs during the COVID-19 pandemic. “Wall Street’s big banks … […]

Continue Reading