(Hedgeweek) Jain Global, former Millennium co-CIO Bobby Jain’s much anticipated hedge fund launch, may be struggling to hit its original fundraising target, but recruitment is continuing apace, with Adil Hayat as the firm’s latest new recruit, according to a report […]

Hedgeweek) Hedge funds continued their run of positive performance last December, notching up an overall weighted return of 2% for the month according to new data from Citco, the global alternative investment asset servicer with over $1.8tn in AUM. To […]

(CNBC) Meta is spending billions of dollars on Nvidia’s popular computer chips, which are at the heart of artificial intelligence research and projects. In an Instagram Reels post on Thursday, Zuckerberg said the company’s “future roadmap” for AI requires it […]

(CNBC) AMD shares rose over 1% during trading on Thursday to reach its highest-ever closing price, $162.67, while Nvidia, rose just under 2% to $571.07. Both companies have notched double-digit percentage gains to start the year after an explosive 2023 […]

(CNBC) The move in bitcoin weighed on crypto-related stocks, too. Coinbase and MicroStrategy ended the trading day down 7% and 2%, respectively. Miners CleanSpark and Marathon Digital lost more than 6% each, while Riot Platforms fell 5% and Iris Energy […]

(Hedgeweek) Bobby Jain’s new multi-manager hedge fund firm Jain Global may come up short in its bid to be crowned the industry’s largest ever launch, with the fund struggling to reach its original $8bn to $10bn fundraising target, according to […]

(Hedgeweek) Activist investor Nelson Peltz, a co-founder of hedge fund Trian Partners, has failed to present “a single strategic idea” to Walt Disney throughout two years of campaigning for a seat on the board of the entertainment giant, according to […]

(Hedgeweek) Light Street Capital, a California-based alternative investment firm focused on equity investments in the technology and media sectors, posted a 46% gain for its Mercury hedge fund in 2023, according to a report by Reuters. To read this article:

(CNBC) In a memo to the staff, Pichai said company leadership is gearing up to share its AI goals for the year this week and will publish its 2024 OKRs (objectives and key results).“The reality is that to create the […]

(CNBC) TSMC reported revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19.3% from a year ago to NT$238.71 billion. That compares with TSMC’s guidance for fourth-quarter revenue between $18.8 billion and $19.6 billion. TSMC counts  […]

(Hedgeweek) The launch of bitcoin spot trading ETFs in the US helped digital asset investment products to $1.18bn of inflows last week – subject to T+2 settlement – although this did not break the record set at the launch of […]

(CNBC) In Dimon’s view, the relatively buoyant stock market of recent months has lulled investors on the potential risks ahead. The S&P 500 market index rose 19% in the past year and isn’t far from peak levels. “I think it’s […]