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Castle Ridge Asset Management, an artificial intelligence-driven hedge fund firm founded in 2015 in Canada, has unveiled WALLACE, a new ‘one-of-a-kind’ AI supercomputer, at its headquarters in Toronto.
BSO, a global infrastructure and connectivity provider, has launched four new corporate entities in Mexico, South Africa, Brazil, and Turkey, to serve as gateways to the fast-growing economies in LATAM, Central America, Southern Africa, and Eurasia.
Ken Griffin, the founder of hedge fund giant Citadel, has identified six areas for his future philanthropic work – Education, Science & Medicine, Upward Mobility, Freedom & Democracy, Enterprise & Innovation and Communities, according to a report by Reuters.
Griffin, who founded Citadel while a studying at Harvard University and has since donated over $2bn to charity, has launched Griffin Catalyst to handle his future giving.
The report cites Griffin as saying that: “Through Griffin Catalyst, I look forward to continuing this work, tearing down barriers and advancing solutions in the pursuit of improving people’s lives.”
Citadel, which invests $61bn
TOP STORY: Global alternative investment manager Investcorp-Tages is partnering with the Engadine long-short equity team, led by Engadine Partners founder Marcello Sallusti and CEO Lorenzo Colucci as investment manager of the Engadine Equity Fund effective 8 September.
Hedge funds have upped their short positions in US consumer discretionary stocks while taking long positions in consumer staples suggesting they see tough times ahead for US consumers, according to data from Goldman Sachs
Stouff Capital, the Geneva-based hedge fund firm founded by former Pictet Asset Management execs Julien Stouff and Gregory Chevalier, has appointed Aviv Merci, another Pictet alumni, as a Managing Director and the firm’s Head of Business Development and Investor Relations, according to a report by finews.com.
Hedge funds and other private investment firms, including private equity and venture capital funds, face having to spend billions of dollars to ensure compliance with a raft of new rules adopted by the SEC last month, according to a report by The Financial Times.
The founders of bankrupt cryptocurrency hedge fund Three Arrows Capital – Zhu Su and Kyle Davies – have been issued nine-year prohibition orders by the Monetary Authority of Singapore, according to a report by Bloomberg.
Schonfeld Strategic Advisors is looking to persuade clients to lock up their investments with the firm for longer by offering a hefty discount on fees for its flagship equity hedge fund, according to a report by Bloomberg.
Elon Musk’s electric vehicle manufacturer Tesla has emerged as the most shorted large-cap US stock for the third consecutive month in August after topping the rankings in securities lending data specialist Hazeltree’s latest Shortside Crowdedness Report.
