Convicted hedge fund manager Martin Shkreli claims collaboration with Barron Trump on DJT crypto token
HedgeCo.Net
by David Schroeder
15h ago
(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 the DJT crypto token, according to a report by MarketWatch.  To read this article ..read more
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Treasury yields retreat after data hints at slowing economy
HedgeCo.Net
by David Schroeder
15h ago
(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 down over 1 basis point at 4.7130%. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. To read this article ..read more
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Carlsberg slides 8%, set for largest drop in four years, after Britvic rejects $3.9 billion takeover offer
HedgeCo.Net
by David Schroeder
15h ago
(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 article ..read more
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OpenAI competitor Anthropic announces its most powerful AI yet
HedgeCo.Net
by David Schroeder
15h ago
(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 by ex-OpenAI research executives, has backers including Google, Salesforce and Amazon. In the past year, it’s closed five different funding deals totaling about $7.3 billion. To read this article ..read more
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Investors shifting to private credit as bonds lose hedging appeal, says Bobby Jain
HedgeCo.Net
by David Schroeder
16h ago
(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, according to reports.  To read this article ..read more
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A marathon, not a sprint: Apple’s AI push faces big challenges in China
HedgeCo.Net
by David Schroeder
16h ago
(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 Intelligence is the Cupertino giant’s play that aims to bring AI across its devices. To read this article ..read more
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Point72 AM to launch $1bn AI-focused hedge fund
HedgeCo.Net
by David Schroeder
2d ago
(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 ..read more
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M&A hedge funds outperform with 7.7% return, says Goldman Sachs
HedgeCo.Net
by David Schroeder
2d ago
(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 article ..read more
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Hedge funds double down on ‘Long Magnificent Seven’ trade
HedgeCo.Net
by David Schroeder
2d ago
(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 article ..read more
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OpenAI co-founder Ilya Sutskever announces his new AI startup, Safe Superintelligence
HedgeCo.Net
by David Schroeder
2d ago
(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 straight shot, with one focus, one goal, and one product.” To read this article ..read more
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