From: "Delevingne, Lawrence (Reuters) (i i To: Undisclosed recipients:; Bec: EE (USANYS)" Subject: Big Money news: Dubin retires, Ubben steps back, SEC eyes direct lender, notes from Davos Date: Fri, 24 Jan 2020 21:45:27 +0000 Glenn Dubin is the latest hedge fund pioneer to step down from running client money, a move he told Reuters was long planned and unrelated to his past ties with Jeffrey Epstein. Dubin is best known for co-founding Highbridge, but also had a hand in fund of funds Corbin Capital, energy merchant Castleton Commodities and, more recently, quant shop Engineers In 2017, | wrote about the risks of direct lending funds. One of the firms in the story, Bob Press’ TCA Global, had produced an amazing record — 60 months of uninterrupted gains. Those returns are now under the scrutiny of regulators: SEC probes Florida private lender over accounting questions Here’s the rest of the Big Money news from around Reuters: e ValueAct CEO Ubben to step back © CQS says chief executive Rolet to step down © Carlyle looking at ‘cheap' energy assets: Rubenstein © Goldman CEO says process on canceled WeWork IPO 'worked' e US. stocks correction overdue, Bloomberg best to beat Trump: Scaramucci © Majority of CEOs expect global economy to cool in PwC survey e Full Davos coverage from Reuters e Regulators plan additional 'Volcker Rule' easing © Greenlight takes stake in Germany's Software AG e Wincrest, net short U.S. stocks, says valuations dangerous © GAM sees 2019 break-even after outflows © BlackRock, Franklin Templeton eye partnership with Banco do Brasil e Morgan Stanley exec Rich Portogallo to retire e Investors build war chests to for European distressed corp bonds Thanks as always for reading. Any story ideas, let me know. Lawrence Delevingne Reporter | Reuters LinkedIn | Stories This e-mail is for the sole use of the intended recipient and contains information that may be privileged and/or confidential. If you are not an intended recipient, please notify the sender by return e-mail and delete this e-mail and any attachments. Certain required legal entity disclosures can be accessed on our website: https://www.thomsonreuters.com/en/resources/disclosures.html EFTA00065987