Bolloré Group, which holds 40% voting rights in Universal Music, has given a thumbs-down to a $65 billion takeover bid.
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Gabe Plotkin, whose firm Melvin Capital was hit hard during the GameStop short squeeze, is reportedly seeding the fund via a 351 exchange.
Global hedge fund industry capital in 2025 ended the year at a record $5.15 trillion, according to data from Hedge Fund Research.
BNY says it works with 92% of the Fortune 100 companies and 94% of the top 100 investment managers worldwide.
Wall Street’s smart money is starting to take out some short positions on the AI trade, albeit mostly around the industry’s fringes.
The last time this many people piled into hedge funds, the only great recession anyone might have been aware of was Larry David’s hairline.
Man Group is the latest to join the ETF bonanza, and it’s far from alone.
A Bloomberg analysis of roughly 500 hedge funds found that patience for ESG stocks related to the energy transition has run out.
New research has found a growing number of family offices and high-net-worth clients are kicking their traditional hedge funds to the curb.