Ackman, Hedge Fund Peers Veer Toward Tech, Find Opportunity in Troubled Banks
Hedge funds turned their attention to growth in 1st quarter. Bill Ackman's $1.1B stake in Google parent Alphabet Inc. veered toward beaten down tech.
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Cohen Tells Investors to Ride the ‘Big Wave’
Hedge fund billionaire Steve Cohen tells investors to ride the ‘big wave’ of artificial intelligence and stop focusing on recession odds.
Debt-Ceiling Tail Hedges Are ‘Cheap Lottery Tickets,’ Bank of America Says
Investor indifference to the threat of a prolonged debt-ceiling impasse has left a handful of tail-risk strategies almost too cheap to pass up.
Schwab Investors Wellington, GQG, TIAA-CREF Sold Last Quarter
Several large funds sold stakes in Charles Schwab Corp. in first quarter, as anxiety over the stability of regional banks seized financial markets.
Explainer-How Wall Street is Preparing for Possible US Debt Default
Talks over raising the U.S. government's $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout.
Funds Sold as ‘Sustainable’ Hit by Crossborder Reality Check
Hardly any sustainable funds would consistently be able to market themselves as such in the UK, the US and the European Union.
AI Frenzy Accounts for All of S&P 500 Gain in 2023, SocGen Says
Investing frenzy around artificial intelligence has been so strong that without it, US stocks would be down for the year.
