Lawrence Delevingne is the 'Big Money' enterprise reporter for CNBC.com in New York. He focuses on large money managers, especially hedge and private equity funds.
Before joining CNBC in September 2013, Delevingne was a senior staff writer at hedge fund publication Absolute Return from 2010 to 2013. He has also written for Business Insider, Fortune and BusinessWeek.
Prior to journalism, Delevingne worked in communications, specializing in corporate responsibility at Burson-Marsteller in Washington. He holds a Master's degree from Columbia University's Graduate School of Journalism and a Bachelor's degree from Georgetown University's School of Foreign Service. At Georgetown, he studied international affairs with a focus on Africa.
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For a supposedly pro-business GOPer to take a stand that attacks the country's financial center is remarkable.
Traders had been covering shorts ahead of the ruling released Friday, but are re-establishing their positions.
Despite the post-Brexit market rally, fund managers have gotten even more wary of taking risks.
The health of U.S. employment, despite the strong rebound in June, remains a work in progress.