Hedge Fund News From HedgeCo.Net

(CNBC) Bernie Moreno’s rise from unsung Ohio businessman to prominent political leader was no accident. His campaign was backed by $40 million from the cryptocurrency industry as part of a highly targeted effort to get friendly candidates elected. In total, […]

(Hedgeweek) Citadel founder Ken Griffin is open to the future sale of a minority stake in the multi-strategy hedge fund firm, according to a report by Reuters citing remarks made by the 56-year-old late last week at the Economic Club […]

(CNBC) President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a seasoned market pro and a close Trump loyalist in a critical economic position. The founder […]

(CNBC) The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy of gold exchange-traded funds. State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays don’t offer the stability of gold. To read […]

(CNBC) The power needs of artificial intelligence and cloud computing are growing so large that individual data center campuses could soon use more electricity than some cities, and even entire U.S. states. The electricity consumption of data centers has exploded […]

(CNBC) Italian lender UniCredit on Monday offered to snap up its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion) in a move it says is separate from its pursuit of German bank Commerzbank. The move would, if completed, merge two of Italy’s […]

(CNBC) Stock futures edged lower on Thursday evening with Wall Street poised to end the week with gains in the three major averages. Futures tied to the Dow Jones Industrial Average was down marginally while S&P 500 futures also slipped slightly. Nasdaq 100 futures were lower […]

(CNBC) Citadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony capitalism could be a consequence. “I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony […]

(Hedgeweek) Hedge funds are increasingly investing in nuclear power producers, aiming to capitalise on the anticipated electricity surge driven by artificial intelligence (AI), according to a a report by Morningstar citing Goldman Sachs analysis of 697 funds managing over $3tn […]

(CNBC)Alphabet shares fell 4% on Thursday, after the Department of Justice called for Google to divest its Chrome browser as a remedy to its antitrust case. The proposed breakup would, according to the DOJ “permanently stop Google’s control of this critical search access […]

(CNBC) Bitcoin breached the $99,000 level for the first time Thursday as investors continued pricing in a second Donald Trump presidency. The price of the flagship cryptocurrency was last higher by more than 4% at $98,273.50, according to Coin Metrics. Earlier, […]

(CNBC) Intuit shares fell 6% in extended trading Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts’ estimates due to some sales being delayed. Revenue increased 10% year over year in the quarter, […]