Strategy Financial News

Cliff Asness' longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person familiar with the performance.

shortest Test match in history. We feel especially bad for that South African chap who went in to take a loo break in the Indian first innings when the score was 153 with K L Rahul and Virat Kohli at the crease, and the former batter was to face the first delivery of the 33rd over from paceman Lungi Ngidi. Over the next 1.5 overs, the Indian scorecard would remain at 153 with 6 wickets falling.

Core Scientific, once a leading player in the Bitcoin mining landscape, is poised to emerge from Chapter 11 bankruptcy proceedings in mid-to-late January 2024, as announced on December 21, 2023. This comes after a tumultuous period marked by financial challenges that led to the company filing for bankruptcy in December 2022​​​​.

By Francesca Landini

Billionaire investor Ken Griffin's various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the S&P 500.

BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'

“Transition finance” is shaping up to be one of the new year’s most important subjects for anyone professing to care about the climate crisis.

BJP in Karnataka on Thursday launched a campaign, 'I'm also a Karsevak, Arrest Me Too' as it stepped up its protests in several parts of the State over the recent arrest of a Hindu activist in connection with a 31-year-old case related to the Ram Janmabhoomi agitation. Leading the campaign in Bengaluru, MLA and former minister V Sunil Kumar staged a sit-in demonstration near the Sadashivanagar police station, amid chants of «Jai Sri Ram» by BJP workers. Holding a placard with a message 'I'm also a Karsevak, Arrest Me Too', Kumar said he too took part in the Rama temple agitation in 1992, for which he should also be arrested.

Meesho delists nearly 52 lakh counterfeit, restricted products in past 6 months Non-tech roles like Strategy and Operations have witnessed an uptick in salary packages in comparison to last year, the company said. The e-commerce platform visited IIT Bombay, Kharagpur, Kanpur, Madras, Roorkee, and IIT BHU, Indian Institute of Science (IISC), Indian Institute of Information Technology (III) Allahabad, BITS Pilani, Indian Institute of Management (IIMs)- Lucknow and Kozhikode, National Institutes of Technology- Delhi, Bhopal, Surat, Calicut, Institute of Chartered Accountants of India (ICAI), and Management Development Institute (MDI) for campus hiring.

household spending, there has been an increase for 58% of families, with consumption remaining the same for 35% of families. The net score remains steady at +50, the same as last month, according to the latest report on the India Consumer Sentiment Index (CSI) by Axis My India. Spending on essentials such as personal care and household items has risen for 48% of families, with consumption remaining unchanged for 39% of families.

By Lewis Jackson

Hansoge Enterprises has sold a hotel asset spread over 1.5lakh sft in the city in a deal estimated to be around Rs 150 crore to an ultra-high net worth individual. The midscale boutique 175-room property is located near Bangalore International Airport and is expected to be completed by the end of 2024.

BEIJING — It's been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.

funding winter’, if investors are bullish on one area, it's generative artificial intelligence (GenAI). Indian GenAI startups have received a cumulative investment of $700 million in the last three years, showed estimates by technology industry apex body Nasscom. The country now has over 100 genAI startups and the funding received by new genAI ventures such as Hindi LLM maker Sarvam AI, as well as Adobe’s acquisition of Bengaluru-based Rephrase.ai last year are “good validations” of the AI ecosystem booming in India, said Sangeeta Gupta, senior vice president and chief strategy officer, Nasscom.

The EUR/USD’s sluggish start to the year continued in the first half of Wednesday’s session, with investors showing a preference for the US dollar ahead of key data releases from the world’s largest economy.

Mercer Global Advisors has acquired Transitions Wealth Management, a registered investment advisor in Denver that manages $465 million in assets for more than 400 clients, the firm said Wednesday.

BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'

smartphone company Xiaomi is kicking off 2024 with a three-year strategy to become India’s most preferred smartphone plus AIoT (artificial intelligence of things) brand, having regained some of the lost foothold in 2023, a top executive said on Wednesday. “With the reset, recharge, refresh strategy and Xiaomi getting its mojo back (in 2023), we now have a three-year gameplan to play with, wherein we want to be the aspirational Indian’s most preferred and pioneering smartphone x AIoT brand,” Xiaomi India president Muralikrishnan B told reporters. Premiumisation, fostering an integrated smartphone x AIoT experience for users, and synergising the omnichannel sales strategy will be the key pillars of the plan, he said. “In 2024, the smartphone market in India will grow in a single-digit percentage, largely driven by 5G, and we’d like to be at the forefront of it,” Muralikrishnan said. “Over three years, definitely we would want to have a substantial share of the premium segment.” The positive outlook on spending by the middle class in the coming years will also boost the smartphone market going forward, he added. At the same time, the company will be open to leveraging its R&D investments in generative AI “as and when chipsets develop new capabilities”, though it will be up to application makers to get the best out of it, Muralikrishnan said. Chinese smartphone makers, bogged down by government scrutiny and competition in the market from major rivals such as Samsung, Vivo, Oppo and Apple, are looking to regain their once-dominant market shares in India.

2023 closed as a solid year for stock markets worldwide as bets that the Fed will start lowering interest rates as soon as early 2024 prompted investors back to risk assets after a more than forgettable 2022.

In December, more than 190 governments at the United Nations climate conference approved an agreement calling for a transition away from fossil fuels to combat global warming. The COP28 conference was widely viewed as a turning point in the fight against global warming. The effort will require a massive amount of technology, but much of it is too expensive and won’t come down in price without public subsidies and investment, said Boston Consulting Group Global Chair Rich Lesser.

Air India on Wednesday announced the appointment of P Balaji as the Group Head for Governance, Regulatory, Compliance (GRC) and Corporate Affairs. Balaji, who will join the newly-created position at Air India on January 11, earlier served a nearly decade-long stint at Vodafone Idea, where he spearheaded the regulatory and public policy functions, the airline said.