Bridgewater Associates founder Ray Dalio has warned that the US could face a debt crisis within the next three years, arguing that the country’s worsening fiscal position poses risks not only to domestic markets but to the wider global financial system, according to a report by the Chosen Daily.

Hedge funds and mutual funds are taking increasingly different approaches to the artificial intelligence trade, with hedge funds retaining greater overall exposure to AI-related stocks while the two investor groups have diverged sharply on some of the sector’s biggest names, according to a report by Seeking Alpha.

DE Shaw has accumulated a stake worth more than $1bn in Sysco, adding significant weight to the hedge fund’s long-standing investment in the US food distribution giant as the company seeks to accelerate growth and cut costs through AI, according to a report by Reuters.

Hedge fund billionaire Bill Ackman and his wife, Neri Oxman, are donating 10 million shares in Pershing Square to help establish a major new brain research and rehabilitation centre in New York, according to a report by Bloomberg.

Activist hedge fund firm Oasis Management is pressing Kakaku.com to seek a higher takeover price as a bidding contest for the Japanese online platform continues, according to a report by Investing.com.

Cantor Fitzgerald is preparing to give its institutional clients, including hedge funds and family offices, access to Kalshi’s prediction markets as demand grows for event-based instruments that can be used for both trading and hedging, according to a report by the Wall Street Journal.

Hedge fund investors are beginning to look beyond the Japanese yen for funding currencies in carry trades, with the Swiss franc emerging as a potential beneficiary of recent intervention in the foreign exchange market, according to a report by Reuters.

Singapore is stepping up efforts to protect its position as a leading Asian asset management centre, unveiling tax incentives, a new funding programme for hedge funds and more flexible visa rules as competition for investment talent with Hong Kong intensifies, according to a report by the Financial Times.

David Tepper’s hedge fund Appaloosa Management has opened a new position in CoreWeave joining the growing group of institutional investors backing companies at the heart of the artificial intelligence infrastructure boom, according to a report by SimplyWallSt.