(CNBC) Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City. Pioneering mathematical models and algorithms to make investment decisions, Simons left behind a track record at Renaissance Technologies that […]

(Hedgeweek) Bankrupt retailer Bed Bath & Beyond is suing Hudson Bay Capital Management – the hedge fund at the centre of a filed last-ditch rescue plan for the business – for more than $300m in lost trading profits as it […]

(CNBC) Leading healthcare companies Pfizer and AstraZeneca announced on Sunday new investments in France worth a total of nearly $1 billion, ahead of the start of this year’s annual ‘Choose France’ business summit. Pfizer said it would invest 500 million euros ($538.5 million) in […]

(CNBC) Sam Altman is now chairman of a public company. But it’s not OpenAI. On Friday, advanced nuclear fission company Oklo started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a […]

(CNBC) U.S. stock futures were little changed on Thursday night after the Dow Jones Industrial Average posted its longest win streak going back to December. Futures linked to the 30-stock Dow rose by 49 points, or 0.1%. S&P 500 futures climbed 0.09%, while Nasdaq 100 […]

(Hedgeweek) Bridgewater Associates, the world’s largest hedge fund firm, has had to be “rewired” as part of a push to improve investment performance, according to a report by the Financial Times quoting new Chief Executive Officer Nir Bar Dea. To […]

(Hedgeweek) New York-based bank JPMorgan Chase & Co will limit its interactions with Segantii Capital Management, a $4.8bn Asian hedge fund led by Simon Sadler, which is currently facing insider trading charges in Hong Kong, according to a report by […]

(Hedgeweek) Geopolitical and economic factors may be behind a potentially significant shift in hedge fund investment and business strategy, including increased fundraising activity and diversification, according to a survey by Dynamo Software, a Bulgarian cloud software provider for the alternative […]

(CNBC) Tesla is being accused of taking steps to keep employees in Buffalo, New York, from unionizing, according to a complaint from the National Labor Relations Board. Earlier this week, the NLRB’s regional director for Buffalo, filed a complaint. In it, […]

(CNBC) A federal jury in New York on Thursday convicted an investor of insider trading in the stock of a shell company ahead of its announcement in October 2021 that it would merge with Trump Media. The investor, Bruce Garelick, had been on the […]

(CNBC) Futures linked to the Dow Jones Industrial Average hovered near the flatline Wednesday evening after the 30-stock index posted its sixth consecutive winning day. Dow futures added 6 points, or 0.02%. S&P 500 futures were little changed, while Nasdaq 100 futures fell 0.1%. In […]

(CNBC) While conventional wisdom suggests high rates should punish the group, investors still favor the earnings growth offered by megacap tech stocks, according to The ETF Store President Nate Geraci. “Investors are viewing megacap tech as a quality play, Technology is […]