Perpetuals.com Ltd has signed a services agreement with Younet AI to license an on-premises artificial intelligence system designed for use by hedge funds, proprietary trading firms, and digital asset managers, according to a report by Investing.com.
Goldman Sachs delivered first-quarter earnings ahead of expectations, driven by strong performance in equities trading and investment banking, although weaker results in fixed income, currencies and commodities (FICC) weighed on the stock, according to a report by Reuters.
Digital asset investment products saw $1.1bn of inflows last week, the strongest since January, driven by improved, lower-than-expected CPI and easing geopolitics, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
Hedge funds increased bullish equity positioning last week as investors moved to position for a potential de-escalation in US–Iran tensions ahead of weekend geopolitical developments, according to a report by Reuters citing client data from Goldman Sachs.
Balyasny Asset Management has recruited Trung Nguyen a portfolio manager at Brevan Howard as it continues to scale its presence in Asia, underscoring the multi-strategy firm’s growing commitment to the region, according to a report by eFinancial Careers
Dan Sundheim’s D1 Capital Partners reported a difficult March, with its equities portfolio declining approximately 6%, placing the firm among the weaker-performing stock-focused hedge funds during the month, according to a report by Bloomberg citing unnamed sources familiar with the
Alua Capital Management is shutting down its roughly $2bn hedge fund, bringing an end to a high-profile launch backed by strong pedigree but ultimately falling short on performance, according to a report by Bloomberg.
Activist hedge fund firm Third Point, led by billionaire investor Daniel Loeb, has withdrawn from its investment in CoStar Group and will not proceed with a planned proxy contest, according to a report by Reuters citing a recent letter and
Pershing Square Capital Management founder Bill Ackman, has placed the success of his proposed $64bn bid for Universal Music Group heavily on the position of French billionaire Vincent Bolloré, the company’s largest influential shareholder, accordoing to a report by the
Odey Asset Management founder Crispin Odey has withdrawn his £79m libel lawsuit against the Financial Times, conceding that the publication would likely succeed in defending its reporting on sexual misconduct allegations, according to a report by the FT.
