Getty Images Bill Ackman’s Pershing Square, David Einhorn’s Greenlight Capital, and $1.4 billion 12 West Capital Management are some of the hedge funds that are flying high so far this year. Quants haven’t exactly flopped, but they also haven’t kept up with several funds making concentrated bets. Funds that have struggled include BlueMountain Capital and […]
IT DIDN’T WORK: Despite the Fed, the yield curve is stuck in ‘recession’ mode, stocks are a mess, and manufacturing is in retreat
AP Photo/Richard Drew The signals for an upcoming recession are now all flashing at the same time. The Federal Reserve’s first cut to interest rates since 2008 did not change the yield curve (the margin between short- and long-dated US Treasury yields). The yield curve has inverted before every US recession for the past 50 […]
JPMorgan doesn’t want to get burned by AI and machine learning. Here’s how it avoids costly mistakes.
REUTERS/Dylan Martinez Machine learning will not answer all your prayers, says Samik Chandarana, head of data analytics, applied artificial intelligence and machine learning for JPMorgan’s corporate and investment bank. Chandarana helped design a three-layer approach to evaluating, testing and incorporating artificial intelligence. The approach translates theory into code and useful business cases. JPMorgan tracks ideas so […]
Prince William and Kate Middleton’s latest career move is very exciting
Here’s everything to know… Anwar Hussein/WireImage The Duke and Duchess of Cambridge are one of the most talked-about couples in the world, with everything from their sweet couple moments and their family life with their children, Prince George, Princess Charlotte and Prince Louis, never failing to make news. This week however it was their career […]
Take a Look Inside Depop’s IRL Store in London’s Selfridges
Cult shopping app Depop has previously opened physical retail stores in LA and NY but it’s finally settling on home ground in London, where the company also has its headquarters. Arriving at the city’s iconic department store, Selfridges, the retail space will be open until the end of October and will see a rotation of […]
Artist Jen Ament On How Personal Growth + Failure Led To Finding Creative Magic
"Creativity is allowing yourself to make mistakes. Art is knowing which ones to keep." Source: Glitter Guide – Samantha Welker