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Hedge Funds

All articles tagged with #hedge funds

business5 days ago•4 min saved

Ex-OpenAI Hedge Fund Bets Big on SK Hynix Nasdaq IPO Amid AI Chip Boom

An ex-OpenAI researcher’s hedge fund, Situational Awareness, and UK investor Baillie Gifford signal they could take up to $7bn of SK Hynix’s ADS in its $28bn Nasdaq IPO, as AI-driven demand for memory chips fuels expansion. SK Hynix plans to use the proceeds toboost fabrication capacity and acquire EUV scanners, with underwriters led by Bank of America, JPMorgan, Goldman Sachs and Citi; the pricing will be set around the Kospi price (~$158 per ADS). If fully subscribed, the NY listing would rank among the largest Asian listings in the US.

via Financial Times|

#baillie-gifford #business #hedge-funds

markets5 days ago•15 min saved

Hedge funds cool on chip names as AI hype wanes, marking a fourth straight week of selling

Goldman Sachs data show U.S. hedge funds sold tech hardware for a fourth consecutive week, led by semiconductors, as concerns about AI-spending and delayed returns weighed on the sector. Funds shifted toward index/ETF bets after a string of net-seller days, with last week seeing more stocks sold than bought and notable activity across tech, industrials, and discretionary names; the SOX index fell about 4.2% for the week.

via Yahoo Finance|

#ai #etfs #hedge-funds

markets29 days ago•12 min saved

Funds retreat from AI megacaps as SpaceX IPO looms

Hedge funds trimmed exposure to the largest U.S. tech names ahead of SpaceX’s Nasdaq debut, with a JPMorgan note describing heavy late‑week selling in software and renewed demand for semiconductors. The Roundhill Magnificent Seven ETF has fallen more than 2.4% since early June as investors rotate toward chipmakers and other sectors in anticipation of SpaceX’s roughly $75 billion IPO at a $1.75 trillion valuation. SpaceX plans to reserve up to 30% of the offering for retail investors, Fidelity lowered its minimum investment to $2,000, and more IPOs from Anthropic and OpenAI could sustain capital rotations later this year.

via Yahoo Finance|

#hedge-funds #magnificent-seven #markets

business1 month ago•117 min saved

Chicago Fights Back as Hedge Funds Reframe Local News

Hedge funds have gutted local news across America, with Chicago highlighted as a city pushing back through watchdog journalism and renewed public-media efforts, exemplified by a dense public-radio schedule that sustains community-informed reporting.

via Chicago Sun-Times|

#business #chicago #hedge-funds

business1 month ago•5 min saved

SpaceX IPO Could Spark $20bn Windfall for Early Hedge Fund Investor

SpaceX's upcoming IPO could hand hedge fund D1 Capital Partners about $20 billion at a $1.75 trillion valuation, with Darsana Capital Partners poised for roughly $15 billion; the windfall underscores how hedge funds and other private-market investors are increasingly positioned to reap big returns from private companies before IPOs.

via Financial Times|

#business #d1-capital-partners #darsana-capital-partners

business2 months ago•3 min saved

Pershing Square launches Berkshire-inspired platform with $5B IPO

Pershing Square raised $5 billion in a dual-listed NYSE IPO, creating Pershing Square USA Ltd. (PSUS) and Pershing Square Inc. (PS). PSUS is priced at $50 and the deal omits performance fees, offering investors exposure to either the underlying portfolio or the management business. Ackman aims to build a Berkshire Hathaway–style, permanent-capital platform, citing a long track record (over 2,600% since 2004) and a history of macro hedging, including a $2.6 billion gain from a 2020 credit-protection trade, with plans for investor events to engage shareholders.

via CNBC|

#berkshire-hathaway #business #hedge-funds

business2 months ago•4 min saved

Ackman narrows IPO target as Pershing Square raises about $5bn

Hedge fund manager Bill Ackman’s second attempt to list Pershing Square USA and its management company is moving forward, having raised about $5bn of a $10bn target as trading is poised to begin. The deal aims to secure perpetual capital and steady fee revenues, but investors remain wary of closed‑end funds. Ackman’s earlier, far larger 2024 bid was scrapped, and this listing relies largely on institutional buyers with some retail participation amid ongoing market volatility that has pressured Pershing Square’s flagship fund.

via Financial Times|

#bill-ackman #business #financial-services

business2 months ago•4 min saved

Jain Global Teams Up Exclusively with Millennium, Returns $6B to Investors

Jain Global is pivoting to manage money solely for Millennium, its founder’s former employer, and will return about $6 billion to investors. The exclusive deal gives Millennium access to Jain Global’s multi‑strategy platform while Jain remains independent, with the partnership expected to close in Q3 and aimed at accelerating Jain Global’s growth and offsetting startup costs. Millennium, with about $84 billion AUM, has recently backed external hedge fund talent, and Jain plans to hire roughly 15 portfolio managers by year’s end.

via Business Insider|

#asset-management #business #exclusive-deal

business2 months ago•4 min saved

Jain Global to return investor capital as it joins forces with Millennium for exclusive management

Jain Global, the multi‑strategy hedge fund founded in 2024 by Bobby Jain, plans to return investor cash in Q3 and will instead manage money exclusively for Millennium Management under an internal deal, allowing Jain Global to stay independent while Millennium gains scale. The move highlights the high costs and capital needs of multi‑strategy funds, as Jain Global—about $6 billion in AUM—faced difficult fundraising and competition from giants like Citadel and DE Shaw amid volatile markets.

via Financial Times|

#asset-management #bobby-jain #business

business2 months ago•4 min saved

The Interception Trade: Hedge Funds Snatch Talent During Gardening Leave

Bloomberg reports a rising tactic dubbed the 'interception trade' where hedge funds poach traders during gardening leave with larger offers, sometimes reimbursing the leave; at least 14 cases cited, spotlighting how talent and pay escalate as recruits are snapped up mid-leave (e.g., Stanley Sheriff, Tarun Tyagi). The piece also notes high payouts and broad industry shifts (Alexander Gerko at XTX) and the ongoing scramble among headhunters as talent becomes increasingly valuable.

via eFinancialCareers|

#business #compensation #gardening-leave

business2 months ago•8 min saved

Hedge funds chase Trump tariff refunds in a newly monetized market

Hedge funds are buying claims to U.S. tariff refunds, offering upfront cash to importers at a discount in exchange for the full refunds when the government pays, a market unlocked by the Supreme Court's ruling against Trump's 'Liberation Day' tariffs. Deals range from a few million to over $100 million, with prices climbing toward 70 cents on the dollar, but the venture carries political risk and timing uncertainty as CBP rolls out its phased online refund portal.

via politico.eu|

#business #hedge-funds #liquidity

markets3 months ago•5 min saved

AI disruption could give short sellers a wind at their backs, Block says

Carson Block of Muddy Waters argues that AI-driven disruption will trigger broad market upheaval—potentially bigger than the 2008 crisis—reviving opportunities for short sellers as AI hype and economic dislocation shake US equities, with rising short interest and concerns about private credit signaling further volatility.

via Financial Times|

#artificial-intelligence #hedge-funds #markets

business3 months ago•4 min saved

Odey abandons libel suit against FT, acknowledging public-interest defence would prevail

Crispin Odey has dropped his £79m libel claim against the Financial Times, admitting the paper would likely win its public-interest defence over decades of sexual misconduct allegations; the FT had indicated about 15 women were willing to testify. The decision comes after the FT disclosed evidence it planned to rely on and a three-week Upper Tribunal hearing over Odey’s FCA ban, during which he admitted to sexually assaulting a former employee in 2005. Odey now faces substantial legal costs as the case ends.

via Financial Times|

#business #crispin-odey #financial-times

business3 months ago•5 min saved

Ackman weighs standalone vehicle to bet on market complacency

Bill Ackman is in talks to launch a new stand-alone fund that would place asymmetric bets against prevailing market narratives, echoing the pandemic-era doomsday trades that generated huge windfalls for Pershing Square. The strategy would use derivatives and short-term US debt before deploying into large credit and macro bets, potentially via an Amsterdam-listed vehicle, while Ackman also pursues growth ahead of a public listing and broader conglomerate moves amid recent fund-performance headwinds.

via Financial Times|

#bill-ackman #business #derivatives

business3 months ago•5 min saved

Distressed-debt funds chase post-2008 windfall amid private-credit turmoil

Investors specializing in distressed assets are targeting the private‑credit downturn as the biggest opportunity since the 2008 financial crisis, betting on bargains as redemptions hit funds and lenders face exposure shifts to AI-influenced software; while industry leaders warn the cycle could yield outsized returns, some observers caution that hype may outpace reality, as firms deploy capital, raise new funds and brace for tougher conditions.

via Financial Times|

#asset-management #business #distressed-debt