Bloomberg The energy fund at Zimmer Partners posted its worst quarter ever after sinking about 46% in March as oil markets plunged. The fund dropped 55% in the first quarter after losing money each month, according to an investor letter seen by Bloomberg. The fund, which ran $1 billion at the end of January, now has about $500 million in ...

Bloomberg Just weeks after a surging dollar was causing havoc in world financial markets, President Donald Trump has decided that a muscular US currency is a good thing after all. “The dollar is very strong,” he told a press conference. “And dollars — strong dollars are overall very good.” The comment marked a U-turn from the president’s rhetoric for much ...

Bloomberg IWG Plc is considering selling and leasing back offices to raise as much as 250 million pounds ($312 million) to help it weather the coronovirus pandemic, the Sunday Times reported. The firm, which owns the Regus and Spaces brands, plans to sell and then lease back more than 10 UK buildings, the newspaper said. Small business tenants of Regus ...