Point72 founder Steve Cohen is making another major play in the artificial intelligence space, this time targeting the legal sector with his investment firm, Point72 Private Investments, leading a $75m funding round for Luminance, according to a report by Observer.
Activist hedge fund firm ValueAct Holdings has taken a significant stake in Amazon.com Inc, acquiring 536,900 shares valued at approximately $119m during the fourth quarter of 2024, according to a report by Benzinga citing a recent 13F filing with the
Equity Data Science, an investment process management software provider, has launched Nexus, a risk and portfolio management solution that integrates Factor Risk, Internal Research, and Performance Attribution workflows into a single interface.
Hedge funds are doubling down on bets that the Japanese yen will strengthen against major currencies in the coming months, undeterred by last week’s volatility that tested their bullish positions, according to a report by Bloomberg citing data from the
Hedge funds started the year strong, achieving a weighted average return of 4% in January – ahead of the previous three years, according to the latest Monthly Hedge Fund Update from Citco, the asset servicer with over $2tn in AUA.
Technology stocks, including Apple, Super Micro Computer, MicroStrategy, and Synopsys, emerged as prime targets for short-sellers in January 2025, according to the latest Shortside Crowdedness Report from Hazeltree.
Bill Ackman, the founder of hedge fund Pershing Square, has clarified that his plans to transform Howard Hughes Holdings into a diversified holding company will not interfere with how his existing portfolios manage their stakes in other companies, according to
London-based regulated digital assets hedge fund manager Nickel Digital Asset Management has implemented a soft close on its systematic Diversified Alpha Fund following a 150% surge in assets under management over the past year.
Maples and Calder has promoted two lawyers to Of Counsel in the firm’s Asia Dispute Resolution & Insolvency and Funds & Investment Management practices in Hong Kong – Jean Bao (Dispute Resolution & Insolvency) and Aidan O’Regan (Funds & Investment
The UK’s Financial Conduct Authority has closed its investigation into the infamous “cum-ex” dividend tax fraud, issuing its final fine stemming from the case to trading firm Mako Financial Markets, according to a report by Reuters.
