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Us Hedge Fund

All articles tagged with #us hedge fund

finance2 years ago

"US Hedge Fund and Law Firm Partner for Record-Breaking Environmental Lawsuit Funding"

A US hedge fund has provided a record loan for environmental lawsuits, signaling a growing trend of financial support for legal action aimed at addressing environmental issues. The loan, provided by the hedge fund, will be used to fund lawsuits against companies accused of causing environmental harm, and highlights the increasing recognition of the financial sector's role in addressing environmental concerns.

Nvidia's AI-driven stock surge continues with $5 billion gain for hedge fund.
finance2 years ago

Nvidia's AI-driven stock surge continues with $5 billion gain for hedge fund.

US hedge fund Jennison Associates has likely made a $5 billion gain on its nearly 1% stake in Nvidia, which is worth around $8.6 billion today. Nvidia's stock price has surged by about 160% this year as investors bet it will profit from the AI boom. Jennison Associates has bet heavily on Big Tech, owning over $7 billion of Microsoft stock at the end of March, nearly $7 billion of Apple, and more than $4 billion worth of both Amazon and Tesla.