Bill Ackman thinks tighter monetary policy could prove to be a mistake in the era of AI. The billionaire investor said late Thursday that the Federal Reserve’s decision to hike interest rates last week was the wrong move, because AI may be rewriting the rules that guide the central bank’s response to inflation. Ackman wrote
The data is getting worse. A third of investors who buy data say its quality has deteriorated over the past couple of years, according to a survey by consultancy Neudata, and some pin the blame on artificial intelligence. Data is the lifeblood of any investing business, and hedge funds have relied on so-called alternative data
Forget Greece — Brevan Howard’s latest real-estate digs will be in an old-school hedge fund hot spot. The $35 billion manager is adding an office in Greenwich, the leafy Connecticut suburb long known for its concentration of hedge funds, early next year, a person close to Brevan told Business Insider. It will be the European-based
Multistrategy hedge funds’ returns were muted in August, though managers likely appreciated a quieter month after a turbulent July. Izzy Englander’s Millennium Management was flat in August, a person close to the manager told Business Insider, putting the firm’s 2026 gains at 8.2%. Balyasny lost 0.7% last month, according to a source familiar with the
Former Sequoia investor Jeff Wang is close to launching one of the biggest hedge funds this year. Wang’s Augnition Global Investors is set to start trading in October with more than $2 billion in assets, two people close to the manager told Business Insider. The launch was the talk of Morgan Stanley’s popular Breakers conference
Last month, the machines won. Quantitative hedge funds had a strong July, highlighted by several big algorithm-driven names that avoided the pain their human-run peers suffered last month. At Renaissance Technologies, its largest external fund — known as Renaissance Institutional Equities — was up 9.2% in July, more than making up for losses over the
