Olga Kane

Y Combinator to End Late-Stage Fund, Lays Off Staff. The decision is due to a sharp pullback in venture funding, particularly for late stage after the value of public tech comps have fallen. According to YC, the move was not connected to the SVB implosion.

Citadel is negotiating an enterprise license to use ChatGPT to translate software between languages to analyze data. bit.ly/3kWyUNV

Doesn’t it make more sense to moderate wage inflation with increased immigration than by raising rates, destroying demand, putting people out of work, and causing a recession?

Synthesis has been shortlisted for Hedgeweek US Awards 2022 in the Best Performing Statistical Arbitrage Strategy category. Voting is now open online research.net/r/HWUSAwards Nominations are based on performance ranking data provided by Bloomberg (ticker SYNTABS KY).

bit.ly/3IsQrUk Synthesis named among finalists in the Institutional Investor’s 2022 Hedge Fund Industry Awards. Allocators are invited to vote for the nominees bit.ly/3Is7C8G The winners will be revealed at a gala dinner and ceremony on April 27.

According to the new report by AIMA and With Intelligence bit.ly/3JoYZeQ, hedge fund net flows reached $25bn, compared with outflows of $15bn in 2020 and outflows of $17bn in 2019.

bit.ly/3LcvJdj Performance during the January sell-off. AQR Absolute Return made 15%, Citadel Wellington was up 4.7%, Balyasny made 2.6%. Millennium was up 1.65% Third Point was down 10%, Tiger Global lost 14.8%, PDT lost 7%, Point72 was down 1.3%.

Hot fintech trends 2022:⠀ - Democratized AI - Embedded finance - Neobanks - DeFi re-architecting - Cryptofication of incumbent financial institutions - Creator economy fintech - Payment processing for metaverse #ai #nft #fintech #neobank #crypto

Insider's collection of pitch decks fintech founders used to sell their vision to VC investors. bit.ly/3BuyhNz

Even as the stimulus check giveaway fades and the stay-at-home era peaks, the Reddit-fueled, Robinhood-powered retail crowd remains a force to be reckoned with bloom.bg/3kYC413

Client notes from both Morgan Stanley and Goldman Sachs Group Inc. showed that fundamental stock-picking hedge funds posted negative alpha YTD. U.S.-based stock-picking hedge funds gained an average 5.8% in H1 2021, according to Morgan Stanley. on.wsj.com/3r5EoEr

“We are exploring opportunities around blockchain technology and its transformative and disruptive capabilities,” Point72 said in a May letter to investors seen by Bloomberg. bloom.bg/3waK0hU

Hudson River Trading is planning to compete with Citadel and Virtu in retail wholesaler business on.wsj.com/3qJgIG2

Robinhood will pay $57mln, the highest fine ever levied by FINRA, plus nearly $13 mln in restitution to thousands of clients for its systemwide outages and misleading communication and trading practices. cnb.cx/3jwEH9I

Virtu is joining Pyth Network, a #DeFi market data distribution platform. Jump Trading joined the platform in April and GTS earlier this month. bloom.bg/3w175TP

Under Rule 612, exchanges can only display stock prices in fractions of a cent if a security is trading at less than $1 per share. Mr. Tenev said if sub-penny limitations are removed, "we could see...perhaps more retail order flow executed on lit markets." on.wsj.com/35NpV6m

Brevan Howard Asset Management has stopped accepting new cash into its two biggest multi-manager funds after the firm’s record year of performance bloom.bg/3qnuCgJ

emergingmanagers.org/100-new-manage… First 25 new fund manager mistakes posted. To help me get this to 100+, pls: 1) retweet 2) tag a few smart people you'd like to see respond with a mistake/insight from starting their fund Comment here or reply to tweet forms.gle/Uvqaa82ieN5J5u…

Inspired by the success of ARKK, ETF issuers have this year launched 115 active products vs 51 passive funds. A record 22 thematic funds have launched since the start of the year. bloom.bg/3zGZME2