Latest news with #PaulMarshall
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
The Billionaire Odd Couple Whose Hedge Fund Is Killing It
LONDON—London investment duo Paul Marshall and Ian Wace outran competitors during the recent market turmoil with an unconventional trading strategy: a top-secret algorithm that analyzes tips from rival hedge funds and investment banks. It's Wall Street meets fantasy football. Stock salespeople and others across Wall Street submit trading recommendations to the duo's hedge-fund firm, Marshall Wace. The firm analyzes the ideas and rewards firms of top contributors with millions of dollars of commissions each year.
BBC News
23-05-2025
- Business
- BBC News
Daily Telegraph to be sold to US firm RedBird
American buyout firm RedBird has agreed a deal to take control of the Daily and Sunday Telegraph after a two-year ownership Capital will buy the stake owned by Emirati royal Sheikh Mansour who had bankrolled an earlier bid was rejected by the previous government, which passed a law preventing foreign governments owning British newspapers or news current proposed deal will need regulatory approval. Both Telegraph titles and the Spectator magazine were put up for auction by Lloyds Bank, who seized them from the Barclay family for non-payment of outstanding a bold but ultimately unsuccessful move, a consortium of RedBird and Sheikh Mansour's IMI paid off the Barclay brothers' debts in full hoping to shortcut the auction the fact that the consortium was almost entirely funded by IMI saw the government intervene and prevent it taking majority is thought that IMI will retain a minority stake of less than 15% in the two papers. Meanwhile, the Spectator was sold to hedge fund billionaire Sir Paul Marshall last year for £ BBC understands the purchase price will see RedBird IMI get its money back in brings to an end a two-year limbo period which the Telegraph staff found unsettling and left them concerned that sufficient investment and direction was lacking.
Yahoo
20-05-2025
- Business
- Yahoo
GB News being punished to appease Left-wing activists, says co-owner
Ofcom is unfairly punishing GB News under pressure from Left-wing activists, the broadcaster's co-owner has said. Sir Paul Marshall accused the regulator of unfairly targeting the start-up broadcaster with a string of investigations as it struggles to fend off an 'onslaught' of complaints from pressure groups such as Stop Funding Hate. In a speech at Oxford University on Tuesday evening, the media tycoon was expected to say: 'Understandably, Ofcom find it difficult, just like other corporate and institutional boards, to resist the pressures from Left-wing campaigning groups and this has led them to initiate many more enquiries into GB News than could be justified.' Ofcom has found GB News in breach of broadcasting rules a dozen times since its launch in 2021, taking issue with alleged misinformation and its use of politicians as presenters. Sir Paul, a hedge fund tycoon who co-owns GB News alongside Dubai-based investment firm Legatum, has argued that many of the investigations against the channel stem from complaints orchestrated by campaign groups. Even before its launch, the broadcaster was targeted by an advertising boycott led by Stop Funding Hate, which resulted in brands including Ikea and Nivea pulling their campaigns. The boycott continues to hit GB News's bottom line, although other brands such as Marks & Spencer have started to advertise on the channel. Sir Paul said GB News intends to have 'as constructive a relationship as possible with' the broadcasting regulator. But he added: 'They sit within a framework full of anomalies and they are steadily assailed by invective from Left-wing activists, so it is not easy for them to resist the biases of metropolitan opinion.' Sir Paul has weighed in on the debate after Angelos Frangopoulos, chief executive of GB News, accused Ofcom of having a 'jailer' mentality that was harming Sir Keir Starmer's growth plan. Writing in The Telegraph earlier this month, the TV boss said Ofcom's plans to crack down on the use of politicians as presenters would make it 'even harder for budding newcomers'. Sir Paul, a self-styled 'accidental' media owner who also owns UnHerd and bought The Spectator magazine for £100m last year, urged Ofcom to instead focus its attention on the BBC. He argued that the public service broadcaster is held to lower standards of impartiality as it is permitted to review complaints first before they are escalated to the regulator. Sir Paul accused the BBC of 'egregious bias' in its Arabic service and said the broadcaster had 'failed spectacularly' in its coverage of the grooming gangs scandal. He also branded bosses 'weak, weak, weak' over the Gary Lineker anti-Semitism scandal and called for the corporation to be broken up. The BBC has said the Match of the Day presenter made a mistake after sharing a social media post about Zionism that included an illustration of a rat, but it has repeatedly denied allegations of bias in its reporting. An Ofcom spokesman said: 'As an independent regulator, we enforce our rules fairly and proportionately. All regulated broadcasters must comply with Ofcom's rules. 'The 'BBC First' process for complaints about BBC content is set out in the BBC Charter and Agreement and was approved by Parliament.' In his Pharos lecture, Sir Paul also took aim at tech giants. He said Elon Musk and Mark Zuckerberg should be forced to publish their algorithms and said platforms such as X and Meta should face tougher regulation to ensure they are held accountable for material posted on their sites. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
20-05-2025
- Business
- Yahoo
GB News being punished to appease Left-wing activists, says co-owner
Ofcom is unfairly punishing GB News under pressure from Left-wing activists, the broadcaster's co-owner has said. Sir Paul Marshall accused the regulator of unfairly targeting the start-up broadcaster with a string of investigations as it struggles to fend off an 'onslaught' of complaints from pressure groups such as Stop Funding Hate. In a speech at Oxford University on Tuesday evening, the media tycoon was expected to say: 'Understandably, Ofcom find it difficult, just like other corporate and institutional boards, to resist the pressures from Left-wing campaigning groups and this has led them to initiate many more enquiries into GB News than could be justified.' Ofcom has found GB News in breach of broadcasting rules a dozen times since its launch in 2021, taking issue with alleged misinformation and its use of politicians as presenters. Sir Paul, a hedge fund tycoon who co-owns GB News alongside Dubai-based investment firm Legatum, has argued that many of the investigations against the channel stem from complaints orchestrated by campaign groups. Even before its launch, the broadcaster was targeted by an advertising boycott led by Stop Funding Hate, which resulted in brands including Ikea and Nivea pulling their campaigns. The boycott continues to hit GB News's bottom line, although other brands such as Marks & Spencer have started to advertise on the channel. Sir Paul said GB News intends to have 'as constructive a relationship as possible with' the broadcasting regulator. But he added: 'They sit within a framework full of anomalies and they are steadily assailed by invective from Left-wing activists, so it is not easy for them to resist the biases of metropolitan opinion.' Sir Paul has weighed in on the debate after Angelos Frangopoulos, chief executive of GB News, accused Ofcom of having a 'jailer' mentality that was harming Sir Keir Starmer's growth plan. Writing in The Telegraph earlier this month, the TV boss said Ofcom's plans to crack down on the use of politicians as presenters would make it 'even harder for budding newcomers'. Sir Paul, a self-styled 'accidental' media owner who also owns UnHerd and bought The Spectator magazine for £100m last year, urged Ofcom to instead focus its attention on the BBC. He argued that the public service broadcaster is held to lower standards of impartiality as it is permitted to review complaints first before they are escalated to the regulator. Sir Paul accused the BBC of 'egregious bias' in its Arabic service and said the broadcaster had 'failed spectacularly' in its coverage of the grooming gangs scandal. He also branded bosses 'weak, weak, weak' over the Gary Lineker anti-Semitism scandal and called for the corporation to be broken up. The BBC has said the Match of the Day presenter made a mistake after sharing a social media post about Zionism that included an illustration of a rat, but it has repeatedly denied allegations of bias in its reporting. An Ofcom spokesman said: 'As an independent regulator, we enforce our rules fairly and proportionately. All regulated broadcasters must comply with Ofcom's rules. 'The 'BBC First' process for complaints about BBC content is set out in the BBC Charter and Agreement and was approved by Parliament.' In his Pharos lecture, Sir Paul also took aim at tech giants. He said Elon Musk and Mark Zuckerberg should be forced to publish their algorithms and said platforms such as X and Meta should face tougher regulation to ensure they are held accountable for material posted on their sites. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times
20-05-2025
- Business
- Times
GB News owner warns of ‘shadow banning' by Meta, X and YouTube
The owner of The Spectator has warned about the threat of tech giants such as Meta, X and YouTube 'shadow banning' content and called for them to publish their algorithms. Paul Marshall, who also owns the UnHerd opinion website and a stake in GB News, said that he first became aware of the issue, in which the platforms suppress the number of people shown a particular piece of content, during Covid-19. He made the claim, along with a swipe at the TV ratings agency Barb, as part of a call for greater transparency from powerful organisations during a speech for the Pharos Foundation at Oxford University titled A Fatal Conceit — reflections of an accidental media owner on Tuesday. Marshall, 65, said that an UnHerd
