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A new startup run by a former Citadel quant is trying to create a better way...
Summary List PlacementBlockchain. Machine learning. Alternative data. Climate change. It seems like Arbol Market, a new insure-tech platform, is hitting every buzzword, and the startup's quick growth...
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How this new hedge fund led by a former WorldQuant and Jefferies executive is...
Summary List PlacementEvery financial institution in the world is constantly searching for new, unique datasets that can give them an edge. A new peer coming in May plans to find them and put them to...
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EXCLUSIVE: Microsoft, Citadel, Elliott Management, and other major firms near...
Summary List PlacementDemand from big-name tech and finance firms looking for pricey, newly built office space in South Florida is igniting a commercial real estate boom.As major companies, C-suite...
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Billionaire Seth Klarman's Baupost returned less than 5% in 2020, failing to...
Summary List PlacementFor the second year in a row, the "Oracle of Boston" failed to make double-digit returns.Billionaire Seth Klarman, the longtime head of $30 billion Baupost Group, returned just...
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Digital-lending startup Blend just nabbed $300 million from backers including...
Summary List PlacementWhen it comes to consumer banking, the offerings and services involved run the gamut from the most basic of checking accounts to highly-personalized home loans and specialty...
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Vista Equity Partners is folding alt-data shop 7Park into another one of its...
Summary List Placement7Park Data, a darling of the alternative-data boom feeding quantitative hedge funds, is shuttering as a standalone business just two years after being acquired for $100 million by...
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At $6 billion Schonfeld Strategic Advisors, humans outperformed the machines...
Summary List PlacementIn a reflection of the overall industry's 2020, the humans at $6 billion Schonfeld Strategic Advisors outperformed the machines.Schonfeld's $2.3 billion Fundamental Equity fund,...
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An ex-Goldman trader whose firm helps investors navigate market chaos just...
Summary List PlacementNancy Davis once won an award as a "rising star" in the hedge fund world. Now her star is rising in the exchange-traded-fund world, which is rapidly eclipsing that of hedge...
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7Park Data is killing off the data streams it sells to hedge funds after...
Summary List Placement7Park Data is shutting off its data streams to investors, its CEO informed clients on Friday, a day after Insider reported the firm would be absorbed by a fellow Vista Equity...
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Bloomberg just paid more than $100 million for an upstart alt data player....
Summary List PlacementConsolidation and invasion by heavy hitters are the dominant themes for the alternative-data space as the new year begins. Data giant Bloomberg ended the year with an acquisition...
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The hedge fund industry raked in 12.3% last year, its largest annual return...
Summary List PlacementHedge funds enjoyed strong gains in 2020 as risk markets swiftly rebounded on recovery hopes and unprecedented stimulus.The average fund returned 12.3% in 2020, the largest annual...
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A billionaire New York hedge-fund CEO just dropped $20 million on a Miami...
Summary List PlacementNew York hedge-fund executive Dan Loeb has picked up a Miami Beach mansion for $20 million, Katherine Kallergis reported for The Real Deal. Loeb, the founder and CEO of New...
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Ray Dalio's Bridgewater lost $12.1 billion in 2020 — but he's still the...
Summary List PlacementRay Dalio lost $12.1 billion for investors in his firm Bridgewater Associates in 2020, a year when the world's top 20 hedge funds reaped their best returns in a decade thanks to...
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Dinakar Singh's Axon Capital soared 74% last year. The former Goldman Sachs...
Summary List PlacementHow do you follow a 74% performance in 2020? For Dinakar Singh, founder of $400 million Axon Capital, it has been returning 7% so far in the first month of 2021. "This is a good...
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How hedge funds are tracking Reddit posts to protect their portfolios after...
Summary List PlacementRetail investors — especially from the infamous subreddit WallStreetBets — helped force one of the top-performing hedge funds of the last half-decade to secure billions in...
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GameStop nearly died in 2019. Now hedge funds are scrambling to deal with the...
Summary List PlacementIn early 2019, GameStop's stock value fell off a cliff: It dropped from about $16 per share to under $4.And it stayed in that range for just shy of two years.Even in 2020, while...
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Billionaire investor Chris Sacca cheers on GameStop traders — but warns them...
Summary List PlacementChris Sacca celebrated day traders, but warned them against using borrowing money in a Thursday tweet.The billionaire investor and former "Shark Tank" star ended up $4 million in...
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Hedge fund phenom Dan Sundheim's D1 Capital has been stung by the AMC short...
Summary List PlacementAnother of Wall Street's most revered and successful hedge fund managers has been stung this month, as an array of popular short bets have been pummeled by a mob of traders...
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Hedge funds are ravenous for Florida office space as finance and tech firms...
Summary List PlacementWith last week's news that Goldman Sachs was considering moving part of its business to Florida, the whispers about Florida's ascendance as a financial capital have turned into...
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Fannie Mae sees more exits in leadership at an important moment for the...
Summary List PlacementTwo more senior leaders are leaving Fannie Mae, marking the latest shift in leadership at the mortgage giant whose future now lies with an administration unlikely to immediately...
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