Where Steve Cohen’s Point72 Ventures sees opportunities in fintech, from generative AI to solving gamers’ payments woes
Tripp Shriner is a managing partner at Point72 Ventures, the VC arm of Steve Cohen’s hedge fund. Fintechs suffered from a lack of funding and IPOs in the year, but there are signs of a rebound. Shriner outlines three investment areas the VC is excited about and why. Anyone in the fintech industry will tell…
Investment giant Brookfield is shuttering its $1 billion multi-strategy hedge fund
Investment giant Brookfield is closing its hedge fund group BHS Advisors. The multi-strategy fund launched in 2019 and managed $1.3 billion in assets earlier this year. The fund had 66 employees earlier this year, including 38 investment professionals. Brookfield Corporation, a Canadian asset management behemoth, is closing its multi-strategy hedge fund Brookfield Hedge Solutions Advisors….
Google tells staff it will ask them for feedback weekly as it reboots its famous ‘Googlegeist’ survey
Google is shaking up its annual employee survey. Employees will now be surveyed on a weekly basis. Google will release a company-wide report on the data in December. As the company’s internal survey is restarted, Google will begin soliciting feedback from employees on a weekly basis. The annual “Googlegeist” survey has long served as a…
The Federal Reserve just hiked interest rates to their highest level in 22 years. Here’s how Wall Street is reacting, where the pros think investors should be putting their money, and why inflation isn’t going anywhere anytime soon.
The Federal Reserve hiked rates in July, and it could be the final rate hike of the cycle. Wall Street is still wary of inflation, and investors shouldn’t celebrate too early. The pros say investors should stay the course, and keep an eye on earnings. On Wednesday, Federal Reserve Chairman Jerome Powell announced the 11th…
The founder of fallen adtech startup MediaMath is trying to buy back the bankrupt company’s assets
MediaMath Cofounder and CEO Joe Zawadzki is assembling a syndicate to buy back the company. It comes after MediaMath filed for Chapter 11 bankruptcy protection last month. Zawadzki left MediaMath in 2021. According to people familiar with the situation, MediaMath cofounder Joe Zawadzki is looking to put together a syndicate of adtech industry investors to…
A top Warner Bros. Discovery ad sales exec has exited, and insiders say rumors are flying of layoffs and changes as early as next week
In this photo, illustration the logo of Warner Bros is displayed on computer screen and the logo of Discovery is displayed on phone screen in front of it in Ankara, Turkey on April 12, 2022. Media giants, WarnerMedia and Discovery, run the combined company, Warner Bros. Discovery One of Warner Bros. Discovery’s senior ad salespeople,…
