Financial Times

Mark Shapiro from B Riley Advisory Services is now serving as 777’s chief operating officer.

The fund’s performance was hit by investor requests for their money back, which prompted it to sell assets and keep cash in liquid investments.

Following the success of LIV Golf, the tour is considering a Saudi cash injection into the sport which would include boosting prize money, funding for sponsorship and a tennis event in Saudi Arabia.

Lazard has a market capitalization of about $3.6 billion and owns an asset management business, which manages about $235 billion of assets globally.

This week, it was revealed that two major companies had picked the U.S. for their main listings ahead of London.