Nishant Kumar

Chief Correspondent, Bloomberg. Writes on hedge funds. Talks to his plants. Retweets & likes r not endorsements. Tips to [email protected]

[Nishant Kumar @nishantkumar07]

Situational Awareness shows a stark divide between Silicon Valley & Wall Street. AI hotshot was forced to learn the dangers of leverage. But across Silicon Valley, his misstep has found support and chance to buy the dip

https://t.co/sNbG917RTZ

[Nishant Kumar @nishantkumar07]

Millennium is partnering with Anthropic to build a risk analyst powered by artificial intelligence, as well as expand the use of the AI developer’s models across the hedge fund firm https://t.co/NLEU3W3mqJ

[Nishant Kumar @nishantkumar07]

Javier Velazquez is returning external clients’ cash from his hedge fund to manage money exclusively for his former employer and biggest backer, Millennium Management https://t.co/TyskusfJbQ

[Nishant Kumar @nishantkumar07]

@Casper636 Under my bio page

[Nishant Kumar @nishantkumar07]

+RIEF, RIDA, P72, Schonfeld, Walleye, Whale Rock, Centiva

[Nishant Kumar @nishantkumar07]

More intel on hedge funds performance in July

[Nishant Kumar @nishantkumar07]

@dMacro_dBS if you could see this, you are not: ExodusPoint lost 0.9% last month, putting gains for the year at 3.5%.

the data is missing from the table

[Nishant Kumar @nishantkumar07]

+Baly, ExodusPoint, Jain, Verition and more

[Nishant Kumar @nishantkumar07]

Citadel’s flagship fund surged 5.9% in July, after the firm bought a discounted portfolio of artificial-intelligence stocks from troubled hedge fund Situational Awareness https://t.co/ePl7LJg82R

[Nishant Kumar @nishantkumar07]

Situational awareness

[Nishant Kumar @nishantkumar07]

@rennyzucker patience

[Nishant Kumar @nishantkumar07]

More intel on hedge funds performance in July

[Nishant Kumar @nishantkumar07]

Some preliminary estimated returns for hedge funds

[Nishant Kumar @nishantkumar07]

Discussed with Vonnie Quinn the extraordinary week at Situational Awareness for Bloomberg TV: This was a leverage story and we have seen it before. Many times. Speed and scale was Citadel's edge. SA down 67% in July. Still up 80% on the year. 
https://t.co/uC3BnVKuM6

[Nishant Kumar @nishantkumar07]

Situational Awareness: He was hailed as the "Nostradamus" of AI. This week the world woke up. Just not the way he predicted. Down 67% in July. Up 80% on the year. Getting married on Saturday. Some week for Leopold Aschenbrenner. https://t.co/zshi2JmvqR

[Nishant Kumar @nishantkumar07]

Another billion dollar+ Millennium cub in the making: Farzad Kassam, a senior macro portfolio manager at Millennium is preparing to start his own outfit with backing from Izzy Englander’s multistrategy firm https://t.co/C4FFUSzoRD

[Nishant Kumar @nishantkumar07]

Ken Griffin’s Citadel bought a big chunk of the artificial-intelligence stocks held by Situational Awareness, a hedge fund led by former OpenAI researcher Leopold Aschenbrenner https://t.co/Q5EEdSZxzn

[Nishant Kumar @nishantkumar07]

Scoop: Millennium sought $10b in 2024 & got $20b of demand. Now it is asking for the full $20 billion. The raise (will be a record) would give the $92b firm more firepower for its 340+ teams & for outside managers increasingly being pulled into its orbit
https://t.co/apLCjNjF5x

[Nishant Kumar @nishantkumar07]

Hedge funds rarely get second lives. Khalid Malik's Meridiem did. More hedge funds r finding merit in FoF model. Blame expensive, slow hiring. And gazumping: As funds like to say elsewhere: a signed offer is no guarantee of future arrival! Read all here: https://t.co/9Ao0XPUxLL

[Nishant Kumar @nishantkumar07]

Scoop: Khalid Malik’s stocks-focused hedge fund that lost a $1.5 billion backing from Millennium more than two years ago has reset its business with cash injection from another multistrategy investment firm, Schonfeld Strategic Advisors https://t.co/0bX9hyHZRy

[Nishant Kumar @nishantkumar07]

Scoop: Another hedge fund is set to back talent it doesn't employ. LMR is building out a group to allocate externally. The SMA race is accelerating. Multistrats are increasingly competing to deploy capital with traders who never (or only occasionally) set foot in their offices