Millennium suffered big losses in one of the $81 billion hedge fund's favorite strategies last month

Tech Insider : Business
Izzy Englander
Izzy Englander's Millennium suffered losses in the popular index rebalance strategy in November.

Bloomberg/ Getty Images

Citadel's stockpickers have a new AI sidekick, but the firm warns against 'offloading human judgment'

Tech Insider : Business, Technology
Ken Griffin sitting in a chair
Ken Griffin's Citadel is one of many hedge funds with an internal AI chat tool.

CHANDAN KHANNA/AFP via Getty Images

Schonfeld hires top Citadel exec Andrew Philipp to bolster senior ranks

Tech Insider : Business
Ryan Tolkinn
Schonfeld's Ryan Tolkin is the CEO and CIO of the firm

Schonfeld Strategic Advisors

Here's how big-name hedge funds are using and investing in AI

Tech Insider : Business, Crypto, Technology
A trader looks at an array of computer screens
Artificial intelligence helps hedge funds find value in noisy data.

ANGELA WEISS/AFP via Getty Images

Healthcare investor Catalio Capital, which counts KKR and Brevan Howard as backers, just hired a new partner

Tech Insider : Business
Billionaire Henry Kravis stands between two young investors in suits
Henry Kravis, middle, backs the healthcare fund run by George Petrocheilos, right, and Jacob Vogelstein, left.

Yana Kovaleva/Catalio

How to get hired at hedge funds like Citadel, Point72, and Millennium

Tech Insider : Business
Four D. E. Shaw interns gathered around a computer.
D.E. Shaw interns.

D. E. Shaw

What's next for Millennium after its $14 billion valuation, from where it's expanding to how big it could get

Tech Insider : Business, Style
A headshot of Israel Englander, founder of Millennium Management
Millennium's Izzy Englander recently sold a stake in his firm for the first time.

Patrick McMullan/Getty Images; Jenny Chang-Rodriguez

A new hedge fund launching next year hopes to be the 'farm team' for the $5 trillion industry

Tech Insider : Business
Tyler Errickson stands in front of a black background
Tyler Errickson is launching Riptide Advisors at the start of 2026.

Riptide Advisors

Quant hedge funds recovered from October's shaky start — except for one big name that suffered serious losses

Tech Insider : Business
Jim Simons speaks at a podium
The late Jim Simons founded Renaissance Technologies

Sylvain Gaboury/Patrick McMullan via Getty Images

'Big Short' investor Michael Burry deregisters his hedge fund, saying he's moving on to 'much better things'

Tech Insider : Business, Economy
Michael Burry
Michael Burry, the investor of "The Big Short" fame.

Astrid Stawiarz/Getty Images

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