Silicon Valley startup Axiado has secured $100 million in new funding to advance a breakthrough chip designed to reduce space, power usage, and security risks in AI data centers. 🔧 Solving a Critical Bottleneck in AI Infrastructure AI data centers rely on thousands of servers — each requiring multiple legacy board-management and security chips.Axiado is...
AQR Capital Management — the $179B quantitative powerhouse led by billionaire Cliff Asness — is heading into year-end with robust double-digit performance across multiple flagship strategies, according to sources familiar with the results. 🔹 November & YTD Performance Highlights 🔍 Outperformance vs. Systematic Peers AQR’s results significantly outperform the broader universe of systematic trend-following hedge...
Citadel delivered strong performance in November, with its flagship Wellington fund returning 1.4%, bringing year-to-date gains to 8.3%, according to sources familiar with the results. 🔹 Performance Highlights (November & YTD) These gains come despite a challenging market backdrop, with the S&P 500 finishing November roughly flat after a period of volatility. Recent positioning data...
Saba Capital, led by Boaz Weinstein, has vetoed the proposed merger between: Saba, holding 28% of USAB and 25% of EWIT, effectively derailed a deal that would have offered shareholders a cash exit of up to 40% and created a larger U.S.-focused investment vehicle under Baillie Gifford. 📌 Why it matters This is the latest...
In another decisive activist move, Saba Capital, led by Boaz Weinstein, has blocked the proposed merger of two Baillie Gifford–managed London-listed investment trusts: Saba, the largest shareholder in both vehicles (holding 28% of USAB and 25% of EWIT), declined to support a merger that would have given shareholders a cash exit of up to 40%...
In a strong signal of renewed momentum in the fintech IPO market, Wealthfront—the automated digital wealth management pioneer—is aiming for a valuation of up to $2.05 billion as it prepares for its U.S. initial public offering. The Palo Alto–based firm plans to raise up to $485 million by offering 34.6 million shares at $12–$14 each,...