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Corner Office

Goldman Sachs Wins $43.4 Billion UPS Deal

The UPS employees will work out of Goldman’s Atlanta office, which is where the investment team, led by CIO Ernie Caballero, is located.

Alicia McElhaney

May 16, 2024

Portfolio

The Winners and Losers of Meme Stock Mania Redux

A single post on X by Roaring Kitty sent GameStop surging — likely benefiting some hedge funds and costing short sellers $2 billion before it was over.

Michelle Celarier

May 16, 2024

Hedge Funds

Tiger Grandcub Valiant Makes New Bets on AI

Chris Hansen established two major AI positions and boosted its Nvidia position in the first quarter.

Stephen Taub

May 15, 2024

Corner Office

CalSTRS Names Next CIO

Scott Chan, Chris Ailman’s right-hand man, will take the helm on July 1.

Alicia McElhaney

May 15, 2024

Corner Office

Internal Threats Pose Underappreciated Risks to Family Offices

Material dangers are not getting the attention they should, according to the latest report by the law firm Dentons.

Michael Thrasher

May 14, 2024

Culture

Our Man in East Setauket

Twenty-five years ago, a former II reporter spent the day with Jim Simons.

Hal Lux

May 14, 2024

Pharmaceutical Capillary Electrophoresis System For Biopharma Dr

Hedge Funds

Most Life Sciences Hedge Funds Suffer Losses Last Month

Fledgling companies with little or no revenues make up many of the stocks in the portfolios.

Stephen Taub

May 14, 2024

Portfolio

How Blackstone Bolted Past Rivals in Life Sciences

Stephen Schwarzman saw profits where others thought medical R&D was a bottomless pit.

Jonathan Kandell

May 13, 2024

Hedge Funds

Icahn’s Investment Fund Posts Small Loss

The legendary activist investor’s private hedge fund continued to lag the broad market in the first quarter.

Stephen Taub

May 13, 2024