Hedge Fund Garda Hires JPMorgan’s Takemura for Yen Rates Trading US hedge fund firm Garda Capital Partners has hired JPMorgan Chase & Co. managing director Yoichi Takemura to expand yen rates trading as the return of inflation to Japan creates opportunities after a ... 04/29/2024 - 3:49 pm | View Link
Multi-strategy hedge fund launches tumble in first quarter, says Preqin New multi-strategy hedge fund launches accounted for less than one in 10 of new funds in the first quarter, down from about one in four in the last quarter of 2023, according to data provider Preqin, ... 04/29/2024 - 12:06 pm | View Link
Merced County Employees cuts hedge fund target, ups fixed income Merced County (Calif.) Employees’ Retirement Association cut its exposure to hedge funds in half and raised its allocation to fixed income following an asset allocation review. The $1.2 billion ... 04/29/2024 - 7:15 am | View Link
Inside the investing strategy of Hunterbrook Capital, the news-driven hedge fund. Can it succeed in a ruthless industry? The hybrid news organization/hedge fund Hunterbrook has an unusual model, but ultimately it is a small macro fund in a competitive field. 04/29/2024 - 3:06 am | View Link
Hedge Fund Firm Minimizes Losses Despite Big Position in Troubled Avis SRS Investment Management, headed by Karthik Sarma, owned nearly 32 percent of Avis Budget’s shares at year-end. The position accounted for nearly 37 percent of SRS’s U.S. common stock portfolio, ... 04/28/2024 - 11:30 pm | View Link
Bumble unveiled a new app design, updates to compatibility algorithm, and more.
Bumble unveiled a fresh look on Tuesday, marking what the company hopes is a new chapter for the decade-old dating app. The app, which stands apart from its competitors by requiring women to send the first message with male connections, now has a new logo, bolder fonts, and refreshed colors and illustrations.
Tesla is the only other member of the Magnificent 7 to not pay a dividend.
E-commerce titan Amazon.com may be under increasing pressure to offer investors a dividend, as it now finds itself one of the few massive U. S. technology and growth companies not making regular payouts to shareholders.
The Denver Post and seven other newspapers sued Microsoft and OpenAI on Tuesday, claiming the technology giants illegally harvested millions of copyrighted articles to create their cutting-edge “generative” artificial intelligence products including OpenAI’s ChatGPT and Microsoft’s Copilot.
While the newspapers’ publishers have spent billions of dollars to send “real people to real places to report on real events in the real world,” the two tech firms are “purloining” the papers’ reporting without compensation “to create products that provide news and information plagiarized and stolen,” according to the lawsuit in federal court.
“We can’t allow OpenAI and Microsoft to expand the Big Tech playbook of stealing our work to build their own businesses at our expense,” said Frank Pine, executive editor of MediaNews Group and Tribune Publishing, which own seven of the newspapers.
Artificial intelligence can also now help Yelp users find the right professionals for home improvement tasks.
Twenty years in, Yelp is turning to AI to help bring restaurant reviews to life. The reviews behemoth is testing AI to create short narrated videos describing local businesses by stitching together the photos, videos, and text descriptions that users have already uploaded to the platform.
In a new survey from benefits provider Carrot, Black and Hispanic women report having a more difficult time navigating pregnancy at work.
Family-building support and fertility benefits have become some of the most sought-after perks for millennial workers. As those benefits have started influencing retention and driving workers to seek out new jobs, employers have taken notice—so it’s no surprise that benefits providers like Carrot are seeing companies invest more deeply in these offerings.