Across the world, AI is quickly changing the way people and businesses operate. Now the hedge fund world is finding out if AI can be used to select stocks that will perform well. Alpesh Patel, CEO of Praefinium, has been using Chat GPT to refine his method for stock selection. Patel conducted several experiments to …
Author Archives: James Heinsman
Hedge Fund Thinking Applied to Coral Reefs
Professionals who work in the world of finance understand that investing in a variety of assets can protect against loss due to market fluctuation, increasing the likelihood of favorable outcomes. Scientists who study coral reefs are now applying this kind of hedge fund thinking to determine how best to help coral reefs survive climate change. …
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Hedge Fund Founder Looks to Buy MLB Team
Gullane Capital Partners founder, Trip Miller, would like to be the next owner of the Tampa Bay Rays. Miller is gathering a group of investors in an attempt to purchase the team for $1.85 billion. He is hoping to invest $200 million, with additional investments coming from Tampa businessman Dan Doyle. Current principal owner of …
Quant Funds Prove Valuable to the Economy
Over the past year, quant funds, which use mathematical and statistical data to make investment decisions, have been buying stocks faster than ever before. Experts have determined that hedge funds that are driven by algorithms are more accurate than human analysts at detecting trends. This increase in algorithm driven purchasing has helped the US stock …
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Increased Regulation of Nonbank Financial Institutions on the Horizon
The federal government is attempting to increase its oversight of nonbank financial institutions. Nonbanks are companies that do not have a full banking license or are not supervised by a banking regulatory agency. President Donald Trump made it more difficult for the government to regulate nonbanks, however Treasury Secretary Janet Yellen believes that the Trump …
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Investors are Optimistic About Crypto
London based Nickel Digital Asset Management recently commissioned a study of 200 institutional investors and wealth managers from multiple countries. 66% of respondents stated that in the next six months, they are planning to either begin investing or increase their investments in crypto and digital assets. This include 12% who say that they plan to …
Hedge Fund Investment in 2023
Are hedge funds a good investment for 2023? A number of experts are weighing in on whether world events like China’s hasty reopening from COVID and falling European gas prices will cause a recession, or if slowing inflation and rising interest rates will correct the problem. An international survey of 185 investors was inconclusive as …
High Cost Multi-Manager Hedge Funds Offer Large Returns
A Barclays note to clients recently explained that the fees for multi-manager hedge funds can be approximately three times the size of their peers, due to the fact that these funds dependably yield high returns. The note indicated that while in the last five years the larger market has averaged a return of 5.5%, multi-manager …
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Elliott invests multibillion-dollars in Salesforce
Elliott Investment Management has made a multibillion-dollar investment in Salesforce. Salesforce tripled its workforce over the past four years and purchased Slack in 2021 for $27.7 billion; the company also hired during the Covid pandemic. However, now Salesforce’s sales have slowed, leading to a period of layoffs and a deep stock market drop. Many of …
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Hedge Fund Debuts as Largest Woman-Led in Industry
SurgoCap Partners made history with its debut as the largest woman-led hedge fund internationally. Under its founder, Mala Gaonkar, SurgoGap Partners started trading on Tuesday, January 3, 2023 with $1.8 million under management. The SurgoCap firm will base its investments around areas in which technology can boost financial, industrial, and health care sectors. Gaonkar …
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