Hedge Fund Industry News
A collection of Hedge Fund latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Chinese hedge funds rotate out of Nvidia and US hyperscalers in AI trade
China's biggest hedge funds cut holdings of US hyperscalers and Nvidia and migrated into the hardware makers on the AI supply chain in the second quarter, marking a shift of their playbook on overseas investment in response to evolving market…
How A Hedge Fund Billionaire Became The Democrats' New Kingmaker
Already a member? Click here to log in. The Lever is a reader-supported publication. Help our newsroom follow the money and uncover corruption by becoming a paid subscriber. You'll get plenty of perks, too — including unlimited access to our…
NVIDIA's $3 Billion Bet on the Power Behind AI
NVIDIA Corporation (NASDAQ: NVDA)'s latest push into the infrastructure supporting AI chips extends all the way to the power grid. According to a report from The Information, published on August 7, NVIDIA will spend up to $3 billion in Lancium, a…
CEO who went viral for firing 900 on Zoom before Christmas is now mad he got fired
The CEO of Better Homes & Finance — who notoriously laid off 900 employees on a company Zoom call before Christmas in 2021 — says he feels tricked, as he was just fired and replaced. Vishal Garg, who made headlines in 2021 for the…
Greg Abel Starts Spending: Berkshire's Cash Hoard Finally Gets Put to Work
For the majority of the past two years, a hallmark of Berkshire Hathaway (NYSE: BRK-B)'s balance sheet was inertia: a record cash pile that continued to grow while the conglomerate stayed on the sidelines, selling more shares than it bought for 14…
LyondellBasell Industries N.V. (NYSE:LYB) Receives Consensus Rating of 'Hold' from Analysts
Shares of LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) have earned a consensus recommendation of 'Hold' from the twenty-one brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell…
Price taker to price setter: India's commodity derivatives market
India, a major importer of crude oil, gold and industrial metals, deserves a meaningful place in the global commodities market. To happen, it has to be a price setter rather than a price taker, for which its domestic commodity market needs…
Significant loss by major Wall Street trading firm
The announcement by Jane Street, a powerful Wall Street trading firm, that it lost $15 billion in the month of July shows how quickly the effects of a crisis in one relatively small part of the stock market can be rapidly transmitted more broadly.
Opinion | Lessons From a Sociable Life
Eleven Madison Park, New York, 2000: I found myself seated at a circular table in a trendy restaurant with a memorable crowd. A guy across the table was going on about his boat. “Have you seen the new ‘Thomas Crown Affair' with Pierce…
Gates Industrial Corporation PLC (NYSE:GTES) Given Average Rating of 'Moderate Buy' by Analysts
Gates Industrial Corporation PLC (NYSE:GTES - Get Free Report) has been given an average recommendation of 'Moderate Buy' by the twelve research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with…
Alberta Investment Management Corp Invests $24.11 Million in First Industrial Realty Trust, Inc. $FR
Alberta Investment Management Corp bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought…
1ST Source Bank Purchases Shares of 105,650 Patrick Industries, Inc. $PATK
1ST Source Bank acquired a new stake in Patrick Industries, Inc. (NASDAQ:PATK - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor…
Jim Cramer Says Market Realism Is Finally Catching Up To D-Wave Quantum (NYSE: QBTS)
D-Wave Quantum Inc. (NYSE: QBTS) has delivered a 24% gain over the past year, but shares have also fallen by an equivalent margin on a year-to-date basis. The stock dropped 9% on August 6 after the company reported its second quarter earnings…
Alberta Investment Management Corp Buys New Stake in LXP Industrial Trust $LXP
Alberta Investment Management Corp purchased a new position in shares of LXP Industrial Trust (NYSE:LXP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased…
198,109 Shares in Huntington Ingalls Industries, Inc. $HII Purchased by Diamond Hill Capital Management LLC Investment Advisor
Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange…
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