Hedge Fund Industry News

'Nostradamus of AI' Leopold Aschenbrenner didn't have the crystal ball seeing hedge fund portfolio dip 67%

The celebrated crystal ball of the “Nostradamus of AI” hasn't merely gone cloudy — it has rolled off the table and shattered on the parlor floor. Wall Street breathed a huge sigh of relief last week as an AI-focused hedge fund…

Can love make up for a $45 billion hedge fund blowup?

Tongues are always wagging in San Francisco — and The Waggle is always listening. Got some tea to spill in our weekly gossip column? Email us at [email protected]. Your wedding day is supposed to be one of the most memorable moments of your…

Looking at just the odds isn't enough. How traders gain an edge on prediction markets

Between Polymarket and Kalshi alone, there can be over 100,000 active markets. That's too much for one prediction market trader to juggle on her own. From using AI bots to purchasing an antenna, traders rely on tools and peculiar methods to compete…

The head of a $418 billion asset manager details how to evaluate funds when they're blowing up

While no investor wants to see a blowup in their portfolio, not all meltdowns are created equally. Institutional investors, the so-called smart money, have to decide whether the manager made a bad investment or a bad decision. 'What I say is most…

From a Fed decision to Big Tech earnings: What drove last week's volatile market

Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a…

A Prominent AI Investor Is Now Crumbling, in What Could Be a Sign of Things to Come

Can't-miss innovations from the bleeding edge of science and tech Suddenly, things ain't looking great for the AI industry. Or at least for the people pouring loads of money into it. Situational Awareness, a much-hyped AI hedge-fund whose…

Mamdani extends deadline for NYC homeowners to seek exemption from new pied-à-terre tax

Mayor Zohran Mamdani has given homeowners in New York City an additional month to apply to be exempt from his new pied-à-terre tax, which went into effect on July 1. Homeowners across the five boroughs who believe they should qualify for an…

Goldman traders are on pace for a record year. A close-up look at how they're doing it

Leopold Aschenbrenner's Short Seller Fairy Tale

Leopold Aschenbrenner's hedge fund, stuffed like the ass of a Thanksgiving turkey with every trendy AI name you could throw a dart at, reportedly suffered one of the most spectacular drawdowns of recent memory, losing roughly 67% in July after a…

Tootsie Roll Industries (NYSE:TR) Shares Cross Below 200-Day Moving Average - Time to Sell?

Shares of Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $40.16 and traded as low as $38.90. Tootsie Roll Industries shares last…

Trump media is selling early access to Trump's own posts. Here's what it means

The new service, called Truth API, gives paying clients a real-time data feed of posts from Truth Social's most-followed accounts, built specifically for firms that trade on this information. Subscribers get access to posts before they reach…

Wonderkid investor's $45 billion fund unravels days before his wedding

A Silicon Valley wonderkid who built a $45 billion hedge fund by the age of 24 has seen his company unravel just days before his wedding. Leopold Aschenbrenner's Situational Awareness fund's assets have dwindled to an estimated $10 billion after…

Bessent joins Japan to help reverse months of yen losses

The US joined Japan in engineering one of the most notable rebounds in the yen since the currency began its years-long slide, a decline that's stoked inflation in the Asian nation and rippled through global markets. At the close of New York trading…

Segall Bryant & Hamill LLC Reduces Holdings in Advanced Energy Industries, Inc. $AEIS

Segall Bryant & Hamill LLC reduced its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 51.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,539 shares of the…

Warren Buffett Has Endorsed Passive Investing for Decades. Here's the Exact Investment He Recommends Most People Buy.

Passive index investing has continued to gain popularity over the past few years, and it's easy to see why: It's hard to beat the market. However, there are many more reasons passive index investing is such a winner among investors, including…