Hedge Fund News From HedgeCo.Net

(Hedgeweek) Point72 Asset Management, the hedge fund founded by Steve Cohen, is entering the booming private credit market with a new strategy headed by Todd Hirsch, a former Senior Managing Director at Blackstone, according to a report by Reuters citing […]

(Hedgeweek) Hedge funds gained in December to conclude a volatile year, navigating election and geopolitical risks, falling but persistent inflation, and surging cryptocurrency prices, with macro and arbitrage strategies leading the way, according to the latest data from HFR. To […]

(Hedgeweek) Aaron Weiner, a former partner at Coatue Management, is launching a new long-short equity hedge fund, Atlantic Wolf Capital, with $3bn in initial capital provided exclusively by Izzy Englander’s  Millennium Management, according to a report by Bloomberg. To read […]

(CNBC) Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC. “At Microsoft we focus on high-performance talent,” a Microsoft spokesperson said in an email Wednesday. “We are always working on helping people […]

(CNBC) U.S. stock futures ticked higher on Tuesday night. The action comes after a sharp decline in Big Tech stocks and renewed fears over the path of rate cuts spurred a sell-off on Wall Street. S&P 500 futures rose 0.1%, while Nasdaq […]

(CNBC) Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly. The price of the flagship cryptocurrency was last lower by 5% at $96,525.50, according to Coin Metrics. Ether slid 8% and the broader market of cryptocurrencies, as […]

(CNBC) Anthropic, the artificial intelligence startup founded by former OpenAI research executives, is in late-stage talks to raise as much as $2 billion at a $60 billion valuation. The funding round is being led by Lightspeed Venture Partners. Anthropic, which has […]

(Hedgeweek) Global digital assets funds racked up a record $44.4bn of inflows during the course of 2024, four-times the previous annual high set in 2021, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this […]

(Hedgeweek) Bridgewater Associates, the world’s largest hedge fund, has laid off 7% of its workforce as part of an effort to remain lean and maintain flexibility for future hiring, according to a report by Reuters citing an unnamed source familiar […]

(Hedgeweek) Hedge funds have significantly increased bearish positions on the Australian dollar, capitalising on the currency’s vulnerability as concerns over US tariffs and a sluggish Chinese economy weigh heavily on its value, according to a report by Bloomberg. To read […]

(CNBC) U.S. stock futures slipped on Tuesday morning after the S&P 500 and Nasdaq Composite notched a second winning day. S&P 500 futures were down 0.06%, while Nasdaq 100 futures were 0.17% lower. Futures tied to the Dow Jones Industrial Average slipped 33 points, or less than 0.1%. In […]

(Hedgeweek) Vulpes Investment Management, the family office of veteran hedge fund manager Steve Diggle, who made billions during the 2008 financial crisis, is planning to raise up to $250m for a new hedge fund and managed accounts, according to a […]