Articles
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1 week ago |
businessinsider.com | Michelle Abrego |Reed Alexander |Henry Blodget
Citigroup's Jane Fraser is on a mission to modernize the global bank. Three executives have been appointed to ensure AI plays a big role in that. As part of the push, the firm — which has long struggled with its reputation issues, some of which are directly tied to tech — said it's unveiling new tools, pilot programs, and a broader effort to embed AI across its operations, in a memo seen by Business Insider.
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2 weeks ago |
businessinsider.com | Michelle Abrego |Bradley Saacks |Henry Blodget
Divya Nettimi is focused on the long term. The former Viking Global star portfolio manager and founder of $1.9 billion Avala Global, Nettimi told Business Insider in an interview that "when I first look at companies, I ask myself where they'll be in 100 years."While there might be some market hiccups and sell-offs in the short term, the 39-year-old said her young firm, which began trading in October 2022, looks past volatility that's not connected to company fundamentals.
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2 weeks ago |
businessinsider.com | Michelle Abrego |Bradley Saacks |Henry Blodget
The hedge fund talent war means profit-generating portfolio managers have more options than ever. In an industry run by savvy billionaires, rank-and-file traders have had the upper hand in recent years thanks to what Millennium founder Izzy Englander deemed a "talent bubble" in 2023.
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2 weeks ago |
businessinsider.com | Michelle Abrego |Bradley Saacks |Henry Blodget
It appears that enough time has passed since 2022's disastrous run for hedge-fund backers to finally trust long-short equity managers again. Last quarter, stockpicking hedge funds raised a net total of $22.8 billion — the most of any strategy subset — in their first quarter without net outflows since 2022, according to a new report from Nasdaq's eVestment. The haul made up the vast majority of the $27.6 billion in net flows that came into the $5.7 trillion industry in the first quarter.
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3 weeks ago |
businessinsider.com | Michelle Abrego |Daniel Geiger |Henry Blodget
Brookfield Properties, which operates one of the country's largest commercial real estate portfolios, laid off a handful of executives in its office division on Thursday, according to a person with direct knowledge of the downsizing. In its New York headquarters, the firm let go of three office leasing executives, an executive who oversees asset management, and an employee who was part of an internal group that manages art installations and events, the person familiar with the cuts said.
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