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
Michael Burry has turned from water to wine. The star of “The Big Short,” who made waves for investing in water after calling the collapse of the mid-2000s US housing bubble, explained why he’s betting on fine wines in a Substack post on Thursday. Burry, who pivoted from running a hedge fund to writing about
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
Situational Awareness, the AI focused hedge fund that was Wall Street’s fleeting obsession, is having a very bad month. The company, led by twentysomething OpenAI alum Leopold Aschenbrenner, went all-in on a variety of AI investments and, for a period, enjoyed phenomenal growth. Then, at the end of July, a downturn in AI stocks erased
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
