(Hedgeweek) Martin Shkreli, the co-founder of hedge funds Elea Capital, MSMB Capital Management and MSMB Healthcare who was convicted of securities fraud, has claimed that he and the youngest son of former President Donald Trump are behind the creation of […]

(Hedgeweek) Fixed income arbitrage and global macro strategies were May’s top performers with weighted average returns of 2.7% and 2.6% respectively, according to the latest monthly report on hedge funds from Citco, the $1.8tn global alternative investment asset servicer.  To read […]

(CNBC) U.S. Treasury bond yields were slightly down on Friday as investors pondered the latest economic data for signs of a slowing economy. The 10-year Treasury yield was 2 basis points lower at 4.2302%. The 2-year Treasury note yield was […]

(CNBC) Carlsberg shares were on course for their largest single-day decline in more than four years on Friday, after the British soft drinks maker Britvic said it had rejected the Danish brewer’s £3.11 billion ($3.9 billion) takeover proposal. To read this […]

(CNBC)OpenAI competitor Anthropic on Thursday announced Claude 3.5 Sonnet, its most powerful artificial intelligence model yet. Claude is one of the chatbots that, like OpenAI’s ChatGPT and Google’s Gemini, has exploded in popularity in the past year. Anthropic, which was founded […]

(Hedgeweek) Bobby Jain, founder and CEO of New York-based hedge fund firm Jain Global, said that hedge funds face growing competition from private credit firms for investor capital, on a panel at the UBS Singapore Family Wealth Forum on Thursday, […]

(CNBC) The uncertain path in China comes at a time when Apple’s market share is being eroded in the world’s second largest economy by a resurgent Huawei and other local smartphones players, which are talking up their AI features. Apple […]

(Hedgeweek) Steve Cohen’s Point72 Asset Management is planning to raise approximately $1bn for a new hedge fund focusing on AI, marking the firm’s first new hedge fund in decades, according to a report by Bloomberg.  To read this article:

(Hedgeweek) The ‘Long Magnificent Seven’ trade, a strategy focused on mega-cap US technology companies, is the most crowded trade for the 15th consecutive month, according to report by MarketWatch citing Bank of America’s Global Fund Manager Survey.  To read this […]

(Hedgeweek) The ‘Long Magnificent Seven’ trade, a strategy focused on mega-cap US technology companies, is the most crowded trade for the 15th consecutive month, according to report by MarketWatch citing Bank of America’s Global Fund Manager Survey.  To read this […]

(CNBC) OpenAI co-founder Ilya Sutskever, who left the artificial intelligence startup last month, introduced his new AI company, which he’s calling Safe Superintelligence, or SSI. “I am starting a new company,” Sutskever wrote on X on Wednesday. “We will pursue safe superintelligence in a […]

(CNBC) S&P 500 futures were little changed on Wednesday as investors look for the benchmark to add to its latest record high. Futures tied to the broad market index added 0.04%, while Nasdaq 100 futures advanced 0.1%. Dow Jones Industrial Average futures pulled back 0.1%. Stocks […]