July was a tough month for hedge funds, even though the stock market did okay. Some big names in the industry managed to stay afloat, though. Citadel, a major player in the hedge fund world, saw a gain of 1. 3% in its main fund, Wellington. This is good news for them, especially since they had some losses earlier in the year. Overall, they're up 4% for the year so f...

Citadel's founder Ken Griffin hinted that he might sell a small part of his hedge fund someday. He made this comment at an event in New York. Griffin said it was a smart move to sell a piece of Citadel Securities to Sequoia and Paradigm in 2022. This deal put the firm's value at $22 billion. Griffin likes the idea of private partnerships. Citadel has been successful...

In the world of finance, a common assumption is that technology stocks thrive in an environment of low interest rates. This notion is rooted in the idea that tech companies often promise future profits in exchange for present-day funding, making them more attractive to investors when returns are low elsewhere. However, the past two years have defied this narrative, w...

The past week has been a rollercoaster ride for the crypto market, with a sell-off that wiped out $367 billion in value. But instead of fleeing, institutional investors took advantage of the dip to buy in. Spot ether exchange-traded funds saw net inflows of around $120 million, with most traders buying in on Monday and Tuesday when ether was down 42% from its March p...