2 jail guards arrested over Jeffrey Epstein death

NEW YORK, Nov 19 (Reuters) – Two correctional officers responsible for guarding financier Jeffrey Epstein on the night he killed himself in a New York jail cell were taken into custody on federal charges relating to their alleged failure to check on him, according to a report in The New York Times on Tuesday, citing a person with knowledge of the matter.

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Source:: AOL.com


Meet 2019’s Rising Stars of Wall Street from firms like Goldman Sachs, Blackstone, and Apollo shaking up investing, trading, and dealmaking

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Meet the 2019 class of Wall Street’s rising stars.

From starting a hedge fund before age 30 to running their own alternative-data shops and helping lead $27 billion investments, this group of young finance leaders is in a league of its own.

It was harder than ever this year to select just 25 people. Our selection criteria: We asked that nominees be 35 or under, based in the US, and stand out from their peers. Editors made the final decisions.

Here’s our list of the next crop of Wall Street leaders.

Additional reporting by Alex Morell, Bradley Saacks, and Dakin Campbell.

Click here to read the full list.Adam Parker, 34, Center Lake Capital

Adam Parker has been focused on running his own hedge fund as long as he can remember – and he’s already running $350 million before the age of 35 with his fund, Center Lake Capital.

Parker started investing in college after he sold a GrubHub-like company he and a couple friends started. From there, he interned at the Lehman Brothers real-estate group in summer 2007 and was choosing between returning for a full-time position or joining the now shuttered Force Capital. He chose Force.

After working as an analyst, he eventually interviewed with billionaire Stanley Druckenmiller, and worked for Duquesne Capital until Druckenmiller closed the fund. He then went to PointState Capital, which was started by Duquesne veterans, and became a portfolio manager after just a year, running $150 million to start out.

Center Lake launched in 2014 with multiyear commitments from a few critical investors, Parker said. Now he believes the firm has differentiated itself because of the concentrated investments and specific focus within the tech world.

Click here to read the full list.

Evan Feinberg, 32, Tiger Global

Feinberg started at the University of Pennsylvania with plans to be a lawyer …read more

Source:: Business Insider


A startup which sells lab-grown diamond jewelry and counts Meghan Markle as a fan just raised $1.2 million

Sidney Neuman and Jessica Warch

Investors just poured $1.2 million into Kimai, a jewelry startup whose designs have been worn by Meghan Markle and Emma Watson.
Kimai sells jewelry with a twist — all its gems are grown in labs and it uses recycled gold for its pieces.
Kimai’s two founders, Sidney Neuhaus and Jessica Warch, are childhood friends who both come from diamond-trading families in the world’s diamond capital, Antwerp.
Most consumers aren’t aware of lab-grown diamonds, but they pose a huge threat to incumbents such as De Beers since they are compositionally identical to mined gems and cheaper.

Click here for more BI Prime stories.

A diamond jewelry startup whose designs have been worn by Meghan Markle and Emma Watson has raised $1.2 million.

Kimai is an online jewelry designer which sells gems with a twist — its pieces are made of recycled gold and diamonds that are grown in labs, rather than mined from the earth.

The startup’s seed round was led by Talis Capital, which invested alongside angel backers including Facebook exec Rebecca Minkoff, former Cartier executive Fidji Simo, and French telecoms billionaire Xavier Niel via his investment firm Kima Ventures.

Lab-grown diamonds pose a serious threat to the mined gem market, which is struggling with falling prices and consumer concerns about the ethics and provenance of their jewelry. Cultured gems are compositionally identical to natural diamonds, and indistinguishable from the mined product to the naked eye.

They can also be up to half the price, and proponents point out that lab-grown diamonds don’t come from war zones or rely on forced labor.

“It’s an industry we’ve grown up in,” Jessica Warch told Business Insider. “We couldn’t find transparency in that industry, it’s old-fashioned, old-minded, there has not been any innovation.

“And we couldn’t find anyone to give us a simple answer to the question: ‘Where do these diamonds come from?'”

Even …read more

Source:: Business Insider


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