Bitcoin Has a ‘Real Problem’ in U.S.: Paul Tudor Jones (CoinDesk)
Hedge fund manager Paul Tudor Jones said that bitcoin (BTC) has become less attractive thanks to what’s become an unfriendly regulatory picture in the U.S. and what he expects will be lower inflation going forward. “Bitcoin has a real problem because in the United States, you have the entire regulatory apparatus against it,” Jones said on CNBC’s Squawk Box. Jones – who previously lauded bitcoin’s appeal as an inflationary hedge – added that he believes inflation will continue to come down, adding to the less-bullish scenario for the crypto.
Elliott Seeks Shakeup at NRG After ‘Worst Deal’ of Decade (Bloomberg)
Elliott Investment Management LP is calling for a boardroom shakeup at NRG Energy Inc., the second time in six years the activist investor has pushed for changes at the independent US power producer. Elliott said in a letter sent to NRG’s board Monday that the company “has meaningfully underperformed due to a number of operational and strategic missteps.” The investor said it now manages funds that have an economic interest of more than 13% in NRG and is calling on the board to add new, independent directors.
George Soros Just Gave Up on Tesla (TSLA) Stock (Investorplace.com)
George Soros’ family office recently sold its entire Tesla (TSLA) stake. The electric vehicle (EV) leader is falling on the news. The fact that the hedge fund has cashed out completely casts a dark shadow over the company. This week isn’t off to a good start for Tesla (NASDAQ:TSLA). The electric vehicle (EV) leader is falling today on news that George Soros has dumped his entire stake in the company. Soros, one of the world’s most prominent hedge fund managers, has recently trimmed his position in several other companies, including Rivian (NASDAQ:RIVN). But according to a 13F form published on Friday, May 12, Soros Fund Management, his family office has cashed out of Tesla entirely.
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Rookie of the Year 2022: Protean Select (Hedge Nordic)
Stockholm (HedgeNordic) – One of the first distinctions up for grabs in the lifecycle of a newly-launched hedge fund in the Nordics is the “Rookie of the Year” award. The main award categories at the Nordic Hedge Award are only open to funds with a track record of at least three years. As a result, the “Rookie of the Year” award is just one of the two honors – in addition to the 12-month performance award – a young hedge fund can compete for. This prize rewards the most promising hedge fund debut of the passing year, as decided by a group of fellow fund managers.
I’m a UI Engineer at Citadel Who’s Worked at Netflix and Google. Here are 7 Important Lessons that have been Critical to My Rise at Ken Griffin’s $57 Billion Hedge Fund. (Business Insider)
Kristofer Baxter leads a team of about 20 UI engineers at Citadel, a $57 billion hedge fund. His team designs tools used by Citadel employees to help them get the most out of the fund’s tech. This is his story charting his career path and important lessons learned, as told to Bianca Chan. This as-told-to essay is based on a conversation with Kristofer Baxter, a 39-year-old engineer leading a UI team at Citadel, a $57 billion hedge fund founded by billionaire Ken Griffin and headquartered in Miami. It has been edited for length and clarity.
