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☆ How Citadel, Millennium, D.E. Shaw, and Other Hedge Funds Fared in May
▼ + stars: | 2023-06-07 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

This year, it remains the top-performing multistrategy fund, just ahead of Steve Cohen's Point72. Here's how multistrategy hedge fund giants fared in May, from Citadel to Millennium. Billionaire Ken Griffin's Citadel continues to lead the competitive multistrategy hedge fund performance race this year, despite being bested for the month of May by Izzy Englander's hedge fund. Returns are still rolling out, but the major hedge fund players did not see major movements within their flagship funds. In other hedge fund news: London-based hedge fund Marshall Wace's Eureka flagship fund, an equity fund managed by founder Paul Marshall, climbed 1.74% in May and is up 1.70% year to date.

Persons: Ken Griffin's, Steve Cohen's Point72, Ken Griffin's Citadel, Izzy Englander's, Marshall, Paul Marshall Organizations: Millennium, Point72, Wellington, Nvidia, Tactical Trading Locations: Citadel, Wellington, Miami, London

☆ Major UK lender Halifax pushes up mortgage rates
▼ + stars: | 2023-06-06 | by ( Andy Bruce | ) www.reuters.com time to read: +1 min

LONDON, June 6 (Reuters) - Britain's largest mortgage provider Halifax will ramp up interest rates for new home loans on Wednesday, according to pricing provided to brokers, the latest major lender to do so in response to soaring funding costs. The decision by Halifax, part of Lloyds Banking Group (LLOY.L), comes after rivals like Nationwide Building Society announced hefty increases to mortgage rates. Two-year deals rather than five-year deals are currently popular among borrowers who hope that rates will fall again soon. "This latest increase by the biggest mortgage lender in the UK will spook buyers and sellers alike not to mention those due to re-mortgage in the next few months," Lewis Shaw from broker Shaw Financial Services said. Property website Rightmove said on Tuesday this was the first week since January that rates have averaged 5% or more across all LTV brackets.

Persons: Liz Truss, Lewis Shaw, Rightmove, Andy Bruce, Lisa Shumaker Organizations: Bank of England, Halifax, Lloyds Banking Group, Nationwide Building Society, Shaw Financial Services, Thomson Locations: Halifax

☆ Why reading can make you carsick, according to an expert
▼ + stars: | 2023-06-03 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

For some people, reading in the car is a great way to pass the time. For others, it's a one-way ticket to motion sickness. It happens when your eyes focus on a stationary object but your inner ear experiences movement. To find out why reading while in a moving vehicle suddenly makes some people nauseous, Insider spoke with neuropsychiatrist Dr. Ooha Susmita. But there's bad news for book lovers who do get carsick: Susmita recommends that anyone who feels motion sickness should limit or altogether avoid reading while in the car.

Persons: it's, —, neuropsychiatrist Dr, Ooha, Susmita Organizations: Service Locations: New Africa

☆ Australian banks have shied away from investment opportunities in share market: Investment advisor
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAustralian banks have shied away from investment opportunities in share market: Investment advisorAdam Dawes of Shaw and Partners Australian banks are mainly "deposit takers" and "home loan takers," but the Commonwealth Bank of Australia is "looking to be better placed."

☆ Photos: Inside $33.5 Million Mansion on Long Island's Gold Coast
▼ + stars: | 2023-05-29 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

A $33.5 million home is for sale in Brookville, Long Island. Brookville is the second-most affluent neighborhood in the US, Insider previously reported. One of these properties is a $33.5 million mansion nicknamed "Shangri-La." It's located in the small village of Brookville, which Insider previously named the second most affluent neighborhood in the US. Keep scrolling to see inside this expansive property in one of the country's most affluent neighborhoods.

☆ The reason the stock market has stayed relatively stable amid economic chaos: computer-driven trading
▼ + stars: | 2023-05-29 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Amid a chaotic few months in the US economy, the stock market has remained relatively stable. Quant funds, which use computer models to trade, are helping calm the markets, The Wall Street Journal reported. Yet still, the stock market has remained somewhat calm. That stability is at least in part thanks to quant funds, according to The Wall Street Journal. Quant funds, or quantitative hedge funds, are investment funds that use computer-created algorithms, mathematical models, and artificial intelligence to make stock predictions.

☆ Microsoft's venture capital arm, M12, has faced months of turmoil over a change in strategy and pay, insiders say
▼ + stars: | 2023-05-19 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +11 min

Microsoft's M12 changed its strategy to become less like a VC and more like a business development team. "As with any leadership and strategy change, we aligned our team in a way that helps us meet our future direction. The problem with that shift, sources said, is that a corporate fund needs people who have very different career goals than an independent venture fund does. "Over the last year and half, we brought on new leadership at M12 and intentionally changed our corporate VC strategy. Employees who went along with the strategy change are generally happy at the fund, two of the people said.

☆ Trader Joe's long-time CEO and the brains behind the 19-cent banana announces his retirement
▼ + stars: | 2023-05-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Trader Joe's CEO Dan Bane will retire in July, the grocery store chain said on Monday. "I take great pride that together we have made Trader Joe's the best grocery store in America," Bane said, according to Trader Joe's. With Bane's retirement will come the promotion of Bryan Palbaum to Chairman and CEO and Jon Basalone to Vice CEO, Trader Joe's said. Under Bane, Trader Joe's stuck to a leaner operating strategy than most other US grocery stores. California-based Trader Joe's is owned by the same family who owns Aldi Nord, a German chain of discount grocery stores.

☆ Sofia Richie and new husband Elliot Grainge just bought a $27 million mansion. Take a look inside.
▼ + stars: | 2023-05-11 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +3 min

Sofia Richie and Elliot Grainge just purchased a $26.9 million home in Brentwood, California. The video also shows the formal dining room, multiple living and sitting rooms, the master bedroom, and the open entryway. The property, as Kelly explained in the comments of his TikTok video, is actually two lots. The Agency represented Richie and Grainge as they bought the home from entertainment-industry executive Jeremy Zimmer, according to the New York Post. Elliot Grainge and Sofia Richie.

☆ What you need to know if you want a job at an elite firm like Point72, Citadel, or Millennium
▼ + stars: | 2023-05-10 | by ( ) www.businessinsider.com time to read: +3 min

The biggest hedge funds are battling it out to attract and retain top talent and outperform peers. Insider has talked to a number of hedge funds to get a peek into their recruiting strategies. Shaw, and Bridgewater are in constant competition for the best and brightest to help them gain an edge in the cutthroat investment industry. Internships and fellowshipsThe opaque and secretive world of hedge funds might not necessarily be an obvious choice for many college graduates. Investment training programsTypically, hedge funds acquired their investment talent after a few years of working at an investment bank.

☆ Norfolk Southern to establish home reimbursement fund after Ohio derailment
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, May 9 (Reuters) - Norfolk Southern (NSC.N) said on Tuesday it will establish a fund to reimburse homeowners who live near the site of a Feb. 3 train derailment in East Palestine, Ohio who sell their homes for less than what the property was worth before the incident. Norfolk Southern CEO Alan Shaw told senators in a letter the railroad initially expects "eligible homeowners for this compensation to include those with homes within an approximately 5-mile radius of the derailment, and who sell their homes for less than their property’s pre-February 3 appraised value." Reporting by David Shepardson Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ F.D.A. Advisers Weigh Allowing First U.S. Over-the-Counter Birth Control Pill
▼ + stars: | 2023-05-09 | by ( Pam Belluck | ) www.nytimes.com time to read: +1 min

It was like a tale of two birth control pills. At a hearing Tuesday to consider whether the Food and Drug Administration should authorize the country’s first over-the-counter birth control pill, a panel of independent medical experts advising the agency was left to reckon with two contradictory analyses of the medication called Opill. During the eight-hour session, the manufacturer of the pill, HRA Pharma, which is owned by Perrigo, and representatives of many medical organizations and reproductive health specialists said that data strongly supported approval. scientists questioned the reliability of company data that was intended to show that consumers would take the pill at roughly the same time every day and comply with directions to abstain from sex or temporarily use other birth control if they missed a dose. “I’m just really quite confused by the level of discrepancy,” one member of the advisory panel, Pamela Shaw, a senior investigator with Kaiser Permanente Washington, said after both sides had made presentations.

☆ Jamaica striker Shaw named CONCACAF women's Player of the Year
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +1 min

May 5 (Reuters) - Jamaica captain Khadija Shaw has become the first player from the Caribbean to be named CONCACAF women's Player of the Year, the governing body said on Friday, after she played a key role in helping her country qualify for the Women's World Cup. Shaw scored a joint-highest three goals at last year's CONCACAF W Championship to lead Jamaica to third place in the tournament, which served as a qualifier for this year's showpiece event in Australia and New Zealand. The 26-year-old has also been in fine form for Manchester City this season, leading the Women's Super League with 18 goals in 19 games. "It's an unbelievable feeling to be named as CONCACAF Women's Player of the Year, but I couldn't have done it without my team mates as they've played a massive part in this," said Shaw. Jamaica are in Group F with France, Brazil and Panama at the World Cup, which will be held from July 20-Aug. 20.

UFC 288 will stream live from Newark, New Jersey, on May 6, with bantamweight champion Aljamain Sterling set to defend his title against Henry Cejudo. The main card of UFC 288 will be a pay-per-view event, and you can order it to watch on ESPN+ for $80. How to watch UFC 288 in the USYou can watch the main event of UFC 288 on ESPN+ at 10 p.m. Ways to save on the UFC 288 pay-per-view priceIf you plan on signing up for ESPN+ to watch UFC 288, you can snag a discounted package. How to watch UFC 288 in CanadaIn Canada, UFC 288 will be available to watch from multiple pay-per-view TV providers, including Bell, Rogers, Shaw, and Telus.

☆ Opinion | Political Stagnation Is Not Our Only Option
▼ + stars: | 2023-05-05 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +2 min

It’s been 64 years since Congress added new states to the union — Alaska and Hawaii, in 1959. And it’s been 94 years since Congress capped the size of the House of Representatives at 435 members. For more than 50 years, the United States has been frozen in a kind of structural and constitutional stasis. Our stagnant political system has produced a stagnant political landscape. President Barack Obama won his second term by around 4 percentage points, and President Biden won by a similar margin in 2020.

☆ Ten Hag urges Man Utd to be more clinical after 'annoying' defeat at Brighton
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

United and Brighton both had opportunities early in the first half, with Antony firing wide in the second minute before Kaoru Mitoma hammered a fierce shot straight into the face of David De Gea. "Every defeat is a disappointment but in the end when you lose in the last second, that is of course annoying," Ten Hag told reporters. Asked if United's defeat was caused by fatigue, Ten Hag said: "I have seen our physical outputs in the last games, we still have high levels, performing really well. We have to be more clinical and stay focused until the end of the game." The defeat left United in fourth place on 63 points.

☆ Point72 and Citadel outpaced rival hedge funds in April. Here's how Millennium, D.E. Shaw, and other multi-strats are faring this year.
▼ + stars: | 2023-05-04 | by ( Alex Morrell | ) www.businessinsider.com time to read: +1 min

Point72 led multi-strategy hedge funds in April with a gain of 1.58%. Citadel was up 1.11% and leads peers year-to-date with a gain of 5.37%. Point72 had the best month among multi-strategy hedge funds, up 1.58% in April and 4.63% for the year. Citadel continues its hot streak with a 1.11% return in April and leads among peers year-to-date, up 5.37%. Fund April performance Year-to-date performance Point72 1.58% 4.63% Citadel 1.11% 5.37% D. E. Shaw (as of 4/21) 0.60% 1.90% Balyasny 0.82% 1.32% ExodusPoint (0.10) 0.80% Millennium Flat 0.50% Schonfeld 0.30% 0.20%April saw a reversal of sorts among hedge fund strategies.

☆ Late MacAllister penalty gives Brighton 1-0 win over Manchester United
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +3 min

[1/5] Soccer Football - Premier League - Brighton & Hove Albion v Manchester United - The American Express Community Stadium, Brighton, Britain - May 4, 2023 Brighton & Hove Albion's Alexis Mac Allister scores their first goal from the penalty spot Action Images via Reuters/Paul ChildsBRIGHTON, England, May 4 (Reuters) - Brighton & Hove Albion midfielder Alexis MacAllister fired the winner from the penalty spot deep into stoppage time to snatch a 1-0 win for his side over Manchester United in a pulsating Premier League clash on Thursday. The victory was some measure of revenge for Brighton, who lost to Manchester United on penalties in their FA Cup semi-final 11 days ago. Brighton continued to press forward looking for a winner, with substitute Solly March and MacAllister both forcing superb saves from De Gea as the clock ticked towards 90 minutes. "Really happy and delighted for the performance and result," Brighton coach Roberto de Zerbi told Sky Sports. "There is a God of football - we deserved to win the (FA Cup) semi-final but lost on penalties, but today we won with a penalty."

☆ Jamaica can spring a surprise at Women's World Cup, Sampson says
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 4 (Reuters) - Jamaica lost all three games and finished bottom of their group in their only previous Women's World Cup appearance but defender Vyan Sampson says they are much more organised under new coach Lorne Donaldson and can spring a surprise this time around. They also lost all three games in the Cup of Nations tournament in February but Sampson said the team were making progress ahead of the World Cup in Australia and New Zealand. "But we've also, with the help of our new and technical staff, really buckled down and become a much more organised team too ... We're a small nation, but we don't fear anyone." "The fact we have her in our locker is another massive part of what makes us believe that we can do something at this World Cup." Jamaica are in Group F with France, Brazil and Panama at the World Cup, which will be held from July 20-Aug. 20.

☆ An Architect Known for Building Castles in the ‘Vegetable Kingdom’
▼ + stars: | 2023-05-03 | by ( Matt Shaw | ) www.nytimes.com time to read: +1 min

This article is part of our Design special section about making the environment a creative partner in the design of beautiful homes. This exterior portion would be a 20-story “vertical garden,” which would cool the building by shading it with flowers and plants that would change colors seasonally. Though the green facade was never built, it represented a typical confrontation by a fearless pioneer. No polluting, extractive governmental bully was going to shrivel his environmental dreams. Now 79 and a witness to many trendy environmental innovations, including verdant towers, Mr. Ambasz finds that rather than outracing his times, he is running neck-and-neck with them.

☆ Amending the U.S. Constitution Could Start With the E.R.A. - The New York Times
▼ + stars: | 2023-05-02 | by ( Kate Shaw | Julie C. Suk | ) www.nytimes.com time to read: +2 min

The last truly significant amendment — the 26th, which lowered the voting age to 18 — belonged to another era, in 1971, when Richard Nixon was president. It looked to be sailing to ratification, for which the Constitution requires approval by three-quarters of the states. in 1972, it included a ratification deadline, providing that the amendment would be part of the Constitution “when ratified within seven years” — that is, 1979. What Article V of the Constitution does say is that Congress is in charge of proposing amendments that it deems necessary. If the deadline power belongs to Congress, shouldn’t the power to change any deadlines it imposes — as well as the power to refuse to recognize rescissions — also lie with Congress?

Ramsey's listeners call in and, after describing how they paid off their debt by following Ramsey's advice, scream, "WE'RE DEBT-FREE." With a non-existent credit score, I couldn't even get approved for a normal credit card. One family member mentioned that Ramsey's advice is to save longer and pay for a house in cash. Meanwhile, he stigmatizes legitimate paths forward, such as having a credit score built on years of responsible credit use. In my own journey to buy a home, I saw clearly that Ramsey's advice is not given with my circumstances — or my success — in mind.

The landlord's filing was posted to the District of Columbia Superior Court docket on Monday. Crowell's lawsuit, filed in March, marked a fresh clash between a law firm and its landlord over pandemic-era rent. TREA said in its motion to dismiss the lawsuit that the lease's rent abatement provision is "expressly tied to specific events resulting from the loss of certain utilities." The case is Crowell & Moring v. The TREA 1001 Pennsylvania Avenue Trust, District of Columbia Superior Court, No. Read more:Law firm Crowell sues to recoup $30 mln in COVID-era rentLaw firm office leasing drops again after reboundJenner, Chicago landlord end lawsuits over unpaid rentOur Standards: The Thomson Reuters Trust Principles.

☆ Steph Curry hailed after record 50-point Game 7 playoff win
▼ + stars: | 2023-05-01 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

Curry scored a playoff career-high 50 points in Golden State’s 120-100 Game 7 victory against the Sacramento Kings, securing a 4-3 best-of-seven NBA playoff series win for the Warriors. He set the record for the most points in a Game 7 in NBA history, surpassing the 48 points scored by his former teammate Kevin Durant for the Brooklyn Nets against the Milwaukee Bucks in 2021. Curry also became the first player in Warriors history with 40-plus points in a Game 7, according to ESPN. Curry shoots a three-point basket during the game against the Kings. Curry had scored 20 points, but his second-half burst helped propel Golden State to victory.

☆ Turner's late goal earns Man United WSL win over Villa
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

United stay top on 47 points after 19 games of the 22-game season, six ahead of second-placed Manchester City and seven ahead of Chelsea, but the Blues have three games in hand over the leaders. It was a tough defeat for Villa, for whom striker Rachel Daly opened the scoring in the ninth minute with a brilliantly-timed looping header from a corner, but Leah Galton's first-time finish brought United back level six minutes later. The 31-year-old Daly put her side in front again eight minutes before the break, netting her 17th goal of the season to draw level with WSL top scorer Khadija Shaw of Manchester City. She almost completed her hat-trick on the hour mark but her left-foot shot clipped the crossbar, and instead United drew level as Nikita Parris headed home Hannah Blundell's cross. Reporting by Philip O'Connor Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

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