Ken Griffin’s Citadel posted another year of double-digit returns in 2024, maintaining its status as the most profitable hedge fund ever.Aaron Kotowski for Forbes Hedge funds have lost some of their luster in recent years, with institutions preferring to pour money in Wall Street’s newer crazes for dependable returns like private credit, but the most successful firms in the old guard are still delivering steady gains for their limited partner investors. The world’s top 20 hedge funds, ranked in order of estimated net gains since inception according to LCH Investments, cumulatively produced a record $93.7 billion in gains in 2024.…
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Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.Investors in hedge funds have paid out almost half of their profits in fees since the early days of the industry more than half a century ago, new data shows.Managers generated $3.7tn of total gains before fees, but fees charged to investors were $1.8tn, or about 49 per cent of gross gains, according to the analysis by LCH Investments, an investor in hedge funds. The figures, which date back to 1969, show how the scale of the fees raked in by managers…
Investing.com– President-elect Donald Trump made several promises, including an immigration crackdown and government deregulation when speaking at a Washington rally on Sunday evening, as he prepares to take office this week. Trump reiterated several of his campaign promises, most notably his harsh rhetoric on illegal immigration, as marked a victory lap rally ahead of his inauguration on Monday. It was also Trump’s first major address in Washington since 2021. “We will expel every single illegal alien, gang member and migrant criminal operating on American soil,” Trump said, speaking at the “Make America Great Again Victory Rally” at the Capital One…
Forecasts converge on freezing precipitation and accumulation across Greater Houston as National Weather Service upgrades advisory to a Winter Storm WarningThree staging sites set-up and approximately 1,200 additional mutual aid workers set to arrive tomorrow to support potential restoration effortsCenterPoint to activate its emergency operations center Monday afternoon ahead of the projected start of precipitationCenterPoint urges customers and the public to be weather alert and have a plan to stay safe and warm through freezing temperatures and precipitation HOUSTON, Jan. 19, 2025 /PRNewswire/ — CenterPoint Energy continues to execute its cold weather readiness plan and actively monitor the weather for…
Investing.com– The U.S. dollar’s recent strength may falter as key indicators suggest it is overbought, BCA Research analysts said in a note. Analysts recommend caution on the greenback and point to the Australian dollar as a promising alternative, driven by optimism in Australia’s economy and favorable dynamics in global commodity markets. The U.S. dollar, a momentum-driven currency, could maintain its short-term gains, BCA analysts state. However, structural and cyclical factors hint at potential weakness. “We remain short the from the 110 level,” BCA analysts said, citing the likelihood of softer U.S. policies under President-elect Donald Trump to sustain the dollar’s…
London-headquartered BeZero Carbon, a global carbon ratings agency that has subsidiaries in Singapore and New York, has announced a US$32 million Series C funding round led by GenZero, the Singapore-based decarbonization-focused investment company owned by wealth fund Temasek, with additional funding from Japan Airlines and Translink Innovation Fund. Existing investors EDF Pulse Ventures, Hitachi Ventures, Illuminate Financial, Intercontinental Exchange, Molten Ventures, Qima, and Quantum Innovation Fund also committed fresh capital, highlighting, BeZero says, confidence in the role of its independent carbon ratings as critical infrastructure for achieving net zero. The funds raised will support investments in automation and artificial intelligence…
TSMC Arizona’s first chip fab on November 7, 2024Katie TarasovU.S. President-elect Donald Trump has accused Taiwan of “stealing” his country’s chip industry. But Taiwan’s biggest chip company is confident the Trump administration will continue funding its projects in the U.S.Taiwan Semiconductor Manufacturing Co has been promised $6.6 billion under the Joe Biden administration’s CHIPS and Science ACT to help build three cutting-edge chip fabrication plants in Arizona as part of U.S. efforts to onshore chip manufacturing.Speaking to CNBC’s Emily Tan in an exclusive interview, TSMC Chief Financial Officer Wendell Huang said the funding was expected to continue to roll in…
Investing.com – Cardano was trading at $0.9780 by 18:33 (23:33 GMT) on the Investing.com Index on Sunday, down 11.45% on the day. It was the largest one-day percentage loss since January 19. The move downwards pushed Cardano’s market cap down to $35.0412B, or 1.00% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B. Cardano had traded in a range of $0.9715 to $1.1508 in the previous twenty-four hours. Over the past seven days, Cardano has seen a rise in value, as it gained 3.38%. The volume of Cardano traded in the twenty-four hours to time…
The eye of a hurricane is a deceivingly perilous place. Those lucky enough to enter it unscathed may enjoy a well-deserved respite, but the blue skies and calm winds also create a false sense of security and encourage complacency. Some people may even be convinced that the storm has passed. The truth, however, is that the eye offers only a brief intermission, and the worst is yet to come. The US Federal Reserve raised the federal funds rate by 75 basis points on 27 July 2022. Many investors had feared a more aggressive 100-basis-point increase, so the relief was palpable.…
New York, New York–(Newsfile Corp. – January 19, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Marqeta , Inc. (NASDAQ: NASDAQ:) between May 7, 2024 and November 4, 2024, both dates inclusive (the “Class Period”), of the important February 7, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Marqeta securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join…