Launches: ExodusPoint looking to raise $1B, Lansdowne launching long-only retail fund, Abrams launches Adira Investment Management

Michael Gelband and Hyung Lee’s ExodusPoint Capital Management, is looking to raise $1 billion in new assets by year-end. According [Read More]
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Performance Round-Up: Credit funds strong while multi-strats lag and trend followers struggle

  Credit funds that focus on distressed debt are profiting as companies, particularly weaker, smaller and mid-sized ones, face higher [Read More]
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Artificial Intelligence Concerns (and Possible Solutions)

Job displacement, copyright infringement, regulation, and data issues such as hallucinations and misinformation are some of the major concerns in [Read More]
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Former prison correctional counselor pleads guilty to accepting Rajaratnam bribes

  William Tidwell, a former correctional counselor at the Federal Medical Center Devens in Massachusetts, pleaded guilty to taking $90,000 [Read More]
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Boaz Weinstein group strengthens term offerings for Sculptor in attempt to alleviate board’s concerns

  The Boaz Weinstein group, also known as Bidder J, revised its terms to acquire Sculptor Capital Management. The bid [Read More]
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