Louis Bacon’s hedge fund just got a little leaner. The billionaire’s Moore Capital Management cut 30 jobs at its New York and London offices, a spokesperson for the firm confirmed. Moore Capital’s headcount reduction accounts for 7 percent of the $13.4 billion fund’s 427 person workforce. “Like many firms in our industry, Moore Capital Management...
NYS Entity Status
NYS Filing Date
DECEMBER 10, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2013 - AROSA CAPITAL MANAGEMENT OPPORTUNISTIC FUND LP
AROUND THE WEB
- Bacon’s Moore Capital fires workers amid hedge-fund woes
By Carleton English - Thursday Jul 13, 2017
- Rent-a-Center shares soar after rejecting takeover bid
By Carleton English - Wednesday Jul 12, 2017
Rent-A-Center shares soared 8.9 percent to $12.09 on Tuesday after it was revealed that the rent-to-own chain had rejected a $15 a share takeover bid from a Florida private equity firm. The Plano, Texas, retailer called the offer from Vintage Capital “inadequate and opportunistic.” While many investors cheered the move by Rent-a-Center, one investor, activist...
- Tintri delays IPO planned for Thursday, reduces offering price
By Trisha Thadani - Thursday Jun 29, 2017
In the latest sign that investors are taking a tougher stance toward new companies listing their shares, Tintri, a Mountain View storage-hardware business, postponed a public offering planned for Thursday by a day and cut the price range for the stock sale.“Investors didn’t really line up to own this,” said Kathleen Smith, a principal analyst at Renaissance Capital, a manager of IPO-focused exchange traded funds.Rick Ehrhart, a developer evangelist, posted a photo of himself Monday on Twitter smiling and wearing a T-shirt printed with the company’s planned Nasdaq ticker symbol, TNTR, and the expected date, “6.29.17.”Sumedh Sakdeo, a senior staff engineer, posted a photo of colleagues at an airport Wednesday morning: “Folks ready to board the plane to NY!” Sakdeo deleted the tweet Thursday.In 2014, Box postponed its offering in the face of unfavorable market conditions; it did not go public until January 2015.In January, Cisco, the San Jose networking giant, agreed to buy San Francisco’s AppDynamics on the eve of its scheduled offering, after executives had already flown to New York to celebrate the listing of its shares.Sales and marketing expenses accounted for more than half of its operating costs.Tintri faces “intense competition” from established companies such as Nutanix, NetApp, IBM and VMware, according to a prospectus filed with the Securities and Exchange Commission.
- Prominent VC Dave McClure apologizes for offensive behavior
By BARBARA ORTUTAY, AP Technology Writer - Sunday Jul 2, 2017
NEW YORK (AP) — Silicon Valley investor Dave McClure says he is sorry for making "inappropriate advances" toward several women in workplace situations and is giving up leadership of the venture capital fund he co-founded, 500 Startups.Reports of sexism in the industry are not new, but more women are speaking out on the record and naming their harassers.In June, several female entrepreneurs told the trade publication The Information of harassment by a partner at the VC firm Binary Capital; he and another partner resigned a week ago.The partner, Justin Caldbeck, issued an apology, but that itself was criticized by others in the tech industry, including Google product manager Brenden Mulligan.
- With Ties to Thiel and Musk, Fintech Startup Addepar Adds $140M
By Bernadette Tansey - Thursday Jun 8, 2017
Addepar, a wealth management software company co-founded in 2009 by Palantir Technologies co-founder Joe Lonsdale, announced today it has raised $140 million to expand its services to investors and their advisors. It’s a big round for a financial tech company, even for Silicon Valley. The Mountain View, CA-based company’s Series D financing round was co-led […]
- NEA Leads $42M Round For AI-Enhanced Freight Booking Startup Transfix
By Bernadette Tansey - Wednesday Jul 12, 2017
Transfix, a New York tech startup with an online marketplace that organizes freight truck shipments, says it has scored $42 million in a Series C financing round led by New Enterprise Associates (NEA). Transfix, founded in 2013, relies on machine learning and other data analytics tools to distinguish itself in the crowded arena of freight […]