Jason Genrich, a key figure in the technology investment world, has stepped down from his role at Elliott Investment Management. This news, shared with clients on a Friday, marks a significant shift for the hedge fund. Genrich, who is 38 years old, was a partner and senior portfolio manager. He wil
A Florida man's clever lie about an AI-powered hedge fund has come to an end. A judge in Brooklyn has approved a deal where he must pay back over $4 million. This is what happened. Mina Tadrus claimed his company, Tadrus Capital LLC, used artificial intelligence to make big profits. But it was all
In the bustling financial hub of London, a new player has emerged, making waves in the investment world. Ilex Capital Partners, founded by former Citadel traders Jonas Diedrich and Dave Sutton, has swiftly grown to manage an impressive $7 billion. This growth is not just from new investments but als
November was a month of ups and downs for hedge funds. Despite a rough start with tech stocks taking a hit, big names like Citadel, Balyasny, and Point72 still managed to make gains. Citadel, based in Miami and led by billionaire Ken Griffin, saw its main fund, Wellington, rise by 1. 4%. This bring
Nextdoor's stock price shot up by nearly half its value recently. This big jump happened because a well-known hedge fund manager, Eric Jackson, shared his positive views on the company. Jackson, who runs EMJ Capital, thinks Nextdoor is often misunderstood. He argues that Wall Street is undervaluing
Crypto markets are known for their wild swings. But what if there was a way to enjoy the upsides without the stomach-churning downsides? That's the question Eric Jackson, a seasoned hedge fund manager, is tackling with his new venture, EMJ Capital. Jackson's firm is gearing up to launch EMJX, a cry
In the world of finance, big moves are happening. Two experienced professionals are joining forces to launch a new hedge fund. This fund will focus on Japan's market. Takeo Serizawa, a former portfolio manager at Citadel, is teaming up with Tomohiro Yamaguchi. Yamaguchi used to head Point72 Asset Ma
Better Home & Finance Holding Co. is making waves in the mortgage industry, thanks to its advanced AI technology. The company has developed two key technologies: Tinman and Betsy. Tinman organizes borrower and property data, while Betsy automates mortgage decision-making and execution. This transfo
Numerai, a unique hedge fund based in San Francisco, just raised a whopping $30 million in its Series C funding round. This round was led by some big-name university endowments and valued the company at a cool $500 million. That's a huge jump from its 2023 valuation! J. P. Morgan Asset Management a
Big things are happening in the world of finance. A hedge fund called Numerai just raised a lot of money. They got $30 million from some serious investors. This includes big university endowments. Now, the company is worth $500 million. That's a huge jump from just a few years ago. Numerai is not y
