Some hedge funds thought AI would help them beat the market. Then things got real

The Eurekahedge AI Hedge Fund Index has lagged the S&P 500, proving that the machines aren’t learning from their investing mistakes

Bankman-Fried’s crypto empire FTX could be worth $20bn in an IPO

Based on estimates from the company’s leaked financial results, the Bahamas-based crypto exchange could be worth billions in a public stock offering

Why healthcare is currently the market’s best sector

Stocks present a rare combination of both growth and defensive characteristics

Why Freshfields could join the non-equity partner rush

Freshfields eyes non-equity partner switch in battle for talent

Magic Circle law firm mulls major partnership overhaul amid competition with US rivals

Meet Europe’s top private equity lawyers

Residential home sales are hitting peaks last seen in 2006, just before the bubble burst, but this time mortgages are stricter, down payments are higher, and a tight supply is supporting prices. 

TEST:The Pandemic Ignited a Housing Boom—but It’s Different From the Last One- Default Summary

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TEST:The Pandemic Ignited a Housing Boom—but It’s Different From the Last One - Article headline

The eyeeglass-maker was one of the original direct-to-consumer brands, but now, its sales are split about evenly between its more than 140 bricks-and-mortar locations and its online store. WSJ’s Charity Scott explains why this split is Warby Parker’s secret sauce.

TEST:Why Warby Parker Sees Physical Retail as Key to Groowth

TEST:Why Warby Parker Sees Physical Retail as Key to Growth

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The country, a low-tax base for many U.S. multinationals, had been one of a small number of holdouts on an agreement that aims to overhaul global taxation.

TEST:Ireland Signs On to Global Deal Seeking to Curb Tax Avoidance

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Brevan Howard hires ex-JPMorgan heavyweight Hernandez as executive chair

Carlos Hernandez was previously JPMorgan’s executive chair of corporate & investment banking

Lloyd’s of London appoints new CEO

The insurance market has picked an internal candidate for the top job

Stocks

Some hedge funds thought AI would help them beat the market. Then things got real

Bankman-Fried’s crypto empire FTX could be worth $20bn in an IPO

Why healthcare is currently the market’s best sector

Bilal Jafar

Brevan Howard hires ex-JPMorgan heavyweight Hernandez as executive chair

Brevan Howard’s Master fund gains 4.5% in April

Crypto hedge funds battle to stay positive after tariffs hit markets

Hedge funds buck jobs gloom as Millennium, Man Group, Brevan Howard hire for hundreds of roles

Bill Ackman sees potential ‘rigging’ in Adani’s share sale

Credit Suisse, Citigroup pull back from margin loans on Adani securities as stock rout continues

Hedge fund Bridgewater picks Karen Karniol-Tambour as co-chief investment officer

Hedge funds are jumping on the ChatGPT bandwagon — here’s what you need to know

Hedge fund billionaire Bill Ackman says Hindenburg’s report about India’s Adani Group is ‘highly credible’

Ex-JPMorgan trader Yves Masselin joins hedge fund Eisler Capital as portfolio manager

FN Law

Why Freshfields could join the non-equity partner rush

Freshfields eyes non-equity partner switch in battle for talent

Meet Europe’s top private equity lawyers

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TEST:The Pandemic Ignited a Housing Boom—but It’s Different From the Last One- Default Summary

TEST:Why Warby Parker Sees Physical Retail as Key to Groowth

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TEST:Ireland Signs On to Global Deal Seeking to Curb Tax Avoidance

On the Move

Brevan Howard hires ex-JPMorgan heavyweight Hernandez as executive chair

Lloyd’s of London appoints new CEO

Paul Hastings hires fourth White & Case infrastructure partner