hedge fund

Warren Buffett Avoids Nike Stock Despite Billionaire Investors Buying Heavily as CEO Change Boosts Rebound Prospects

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Warren Buffett Avoids Nike Stock Despite Billionaire Investors Buying Heavily as CEO Change Boosts Rebound Prospects

Billionaire investors and renowned hedge fund managers, such as Pershing Square Capital Management’s Bill Ackman, Citadel’s Ken Griffin, and Susquehanna International Group co-founder Jeff Yass, bought millions of Nike shares in Q2 despite the company struggling to retain the top market spot due to headwinds on multiple fronts. Shares are down over 20% year-to-date and … Read more

TikTok owner ByteDance loses Coatue’s Laffont on board, welcomes French entrepreneur Niel

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TikTok owner ByteDance loses Coatue’s Laffont on board, welcomes French entrepreneur Niel

ByteDance, whose short video hit TikTok is under pressure to exit the US market, said Philippe Laffont, founder of New York-based Coatue Management, has exited the company’s board of directors, replaced by French businessman Xavier Niel. The Chinese company’s official website currently lists four other board members: CEO and chairman Liang Rubo, Susquehanna International Group … Read more

Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

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Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

If you want to understand the struggling local news landscape, look no further than Atlantic Canada, where a takeover has kept the region’s largest newspaper publisher in operation, but still leaves local journalism in a tenuous state. Toronto-based Postmedia, whose titles include the National Post and the Montreal Gazette, has taken over the financially insolvent SaltWire … Read more

Warren Buffett Splashes $185 Million For 1 Million Shares Of This Leading Aerospace Company In Q2

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Warren Buffett Splashes 5 Million For 1 Million Shares Of This Leading Aerospace Company In Q2

Billionaire investor and chairman of Berkshire Hathaway, Warren Buffett, bought 1.04 million Class A shares of aerospace and electronics company Heico Corporation (NYSE: HEI.A) for $185.37 million in Q2, according to the latest 13F filing. Heico operates in two segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG), where most of its … Read more

Wall Street Billionaire Investors Dumped Nvidia Shares in Q1, Bought These Three Stocks Instead

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Wall Street Billionaire Investors Dumped Nvidia Shares in Q1, Bought These Three Stocks Instead

According to a PriceWaterhouseCoopers study, AI could contribute over $15.7 trillion to the global economy at the end of the decade, where $6.6 trillion is estimated to come from enhanced productivity and $9.1 trillion from consumption-side effects. AI’s ability to learn without human intervention and eliminate redundant tasks has driven high demand for the technology … Read more

SkyBridge Capital’s Anthony Scaramucci Explains Why Bitcoin Prices Could Reach $100K By Year-End

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SkyBridge Capital’s Anthony Scaramucci Explains Why Bitcoin Prices Could Reach 0K By Year-End

Anthony Scaramucci, founder of New York-based investment firm SkyBridge Capital, said in a CNBC interview this week that Bitcoin is on track to almost double from current levels despite the 17% decline over the past month. Scaramucci is known for his long-time bullish outlook on Bitcoin. He believes it is a “store of value asset,” … Read more

How Billionaire Investor Ray Dalio’s ‘All Weather’ Investment Approach Earned Him A Fortune

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How Billionaire Investor Ray Dalio’s ‘All Weather’ Investment Approach Earned Him A Fortune

Many Wall Street fund managers know only to play offence, pushing up stock targets even when economic indicators signal otherwise. Many stock analysts recommend the “buy and hold” strategy despite obvious signs of impending market upheavals, such as a recession or high inflation. Convincing clients to “hold” on to their “offence only” assets ensures a … Read more

Steve Cohen’s Point72 to Raise $1 Billion for Launching AI-focused Hedge Fund

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Steve Cohen’s Point72 to Raise Billion for Launching AI-focused Hedge Fund

New York Mets owner and CEO Point72 Steven A. Cohen, 67, recently disclosed that he is bullish on AI’s long-term prospects and described it as a “really durable theme” for investing. According to sources, he plans to launch a separate, AI-focused hedge fund that trades AI hardware and semiconductor firms worldwide. The asset management firm … Read more

Billionaire Daniel Loeb’s Third Point Boosts AI Holdings in Q1, Re-buys Alphabet After Selling Entire Stake

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Billionaire Daniel Loeb’s Third Point Boosts AI Holdings in Q1, Re-buys Alphabet After Selling Entire Stake

Billionaire investor Daniel Loeb runs the New York-based hedge fund Third Point, which he founded in 1995 with an initial capital of $3.4 million. Loeb’s activist bets and value-oriented investing strategies helped shape the hedge fund with $7.84 billion in assets under management across 40 securities at the end of Q1 2024. Third Point returned … Read more