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Ken Griffin, Founder and C.E.O. of Citadel speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images Billionaire investor Ken Griffin’s handful of hedge funds at Citadel all posted double-digit returns in 2024, led by its tactical […]
Institutionalization was one of the biggest themes in hedge funds this year. A once-scrappy industry is starting to resemble private equity and venture capital. The biggest firms and new launches have evolved significantly from the days of a couple of guys and a Bloomberg. The game has changed. Hedge funds, led by the industry’s biggest […]
WASHINGTON — President-elect Donald Trump will nominate Wall Street veteran Scott Bessent to be the secretary of the U.S. Department of the Treasury, Trump announced Friday night. If confirmed by the Senate to be the department’s 79th secretary, Bessent will face a record-high national debt of $36 trillion, and the possibility of more as tax […]
Prominent investor Scott Bessent has reportedly been selected by President-elect Donald Trump to take on the role of U.S. Treasury secretary. President-elect Donald Trump is expected to pick prominent investor Scott Bessent to take on the role of U.S. Treasury secretary, sources told Reuters on Friday, putting him at the helm of a cabinet position […]
President-elect Donald Trump said Friday he would nominate hedge fund manager Scott Bessent to be Treasury secretary in his second term, a critical role in tax policy, global finance and managing the U.S. debt load. To become the presumptive nominee, the founder of Key Square Group overcame scrutiny from the right over ties early in […]
Bob Prince, the co-chief investment officer of the world’s largest hedge fund, has bought a luxury home in Hong Kong, joining an A-list of global financiers who have begun to put down roots in Asia’s third-biggest capital market. Prince, who oversees the US$100 billion of assets under management at Bridgewater Associates, paid HK$95 million (US$12.2 […]
First, we dig into the crypto contagion where FTX CEO Sam Bankman-Fried is stepping in to backstop crypto lenders (2:56). Then, we check in on the billions of dollars sitting in SPACs- remember those (39:27)? We do a quick hit on the venture market drying up in Q2 (54:27) before we get into our We […]