Finance

Taiwan Chipmaker UMC Halts Capital Spending as Demand Slips

  Taiwan chipmaker United Microelectronics Corp (UMC) said it is capping costs and postponing some capital investment as it looks to ride out a period of weak demand. UMC, whose clients include US company Qualcomm Inc and Germany’s Infineon, has...

Funds

Boards behaving badly should watch out

The writer is chief executive of Norges Bank Investment ManagementNorway’s oil fund has more than $1tn in assets. For a large investor like us, it is vital to express clear expectations of the boards of the companies we are invested...

Funds

Hedge Fund Investor Letters Q4 2022

Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in seed capital. Back then they weren’t...

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