GSD Capital, Inside A Young Hedge Fund’s Stand Out Year (Markets Herald)
Many absolute return funds are currently experiencing a decrease in performance results, but there is one hedge fund that stands out from the crowd. This fund has managed to maintain outsized returns with the help of artificial intelligence (AI). AI is cutting-edge technology that has been widely adopted by the financial industry in recent years. This new development is helping some active fund managers make better and more profitable investment decisions by analyzing a much wider spread of data and identifying patterns at a rate far better than human analysts or outdated software.
Hedge Fund Sigma Planning Corp Slashes Investment in VanEck Fallen Angel High Yield Bond ETF (ANGL) Due to Market Concerns (BestStocks.com)
Sigma Planning Corp, a well-known hedge fund, has recently slashed its investment in the VanEck Fallen Angel High Yield Bond ETF (ANGL) by 47.6%. According to the firm’s most recent 13F filing with the Securities and Exchange Commission (SEC), Sigma Planning Corp is now left with only 35,167 shares of ANGL’s stock, after shedding 32,006 shares during the fourth quarter of 2022. This move was made in light of recent market trends and changes in Sigma Planning Corp’s investment strategy.
Hedge Fund Software Industry Research 2023: Global Size, Growth, Trends, Outlook and Future Scope Analysis (The SEM Weekly)
Global Market Vision has published a newly statistical data, titled as Hedge Fund Software market, which gives a brief strategy of the ongoing trends, as well as prediction of upcoming trends. These trends are analyzed and studied from various sectors like Hedge Fund Software on the basis of the domain, industries, and clients. This report is summarized with different market perspectives such as political, cultural as well as economical.
JPMorgan Subpoenas Staley’s Former Hedge Fund in Epstein Dispute (Bloomberg)
JPMorgan Chase & Co. subpoenaed information from the hedge fund where Jes Staley was once managing partner as part of its lawsuit over his ties to Jeffrey Epstein, according to people familiar with the matter. Lawyers for the bank recently sent a subpoena to Assured Investment Management, the people said. Assured is the successor to BlueMountain Capital, which Staley, 66, joined in 2013 after more than 30 years at JPMorgan, where he rose to become head of private banking.
$12M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Biomea Fusion: The Trade: Biomea Fusion, Inc. (BMEA) 10% owner Cormorant Asset Management LP bought a total of 400,000 shares at an average price of $30.00. To acquire these shares, it cost around $12 million. Beyond Air: The Trade: Beyond Air, Inc. (XAIR) Director William P Forbes acquired a total of 5,000 shares at an average price of $6.67. To acquire these shares, it cost around $33.35 thousand.
Recent Corporate Actions and Insider Trading Activity Put Best Buy Shareholders on Alert (Beststocks.com)
Best Buy Co., Inc. (NYSE:BBY) shareholders have much to consider in light of recent corporate actions and insider trading activities. The technology retailer’s stock saw a reduction in stake of 11.3% by Fifth Third Bancorp during the fourth quarter, according to their latest 13F filing with the Securities and Exchange Commission (SEC). This drop in shares totals 4,797 and brings the value of Fifth Third Bancorp’s holdings in Best Buy down to just over $3 million as of the most recent quarter.
