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Bill Ackman Pershing Square bets on Microsoft as valuation turns “highly compelling” amid AI worries

Bill Ackman Pershing Square bets on Microsoft as valuation turns “highly compelling” amid AI worries

Bill Ackman’s Pershing Square says it is disclosing a new position in Microsoft, arguing the company is priced far below what its enterprise franchises can deliver. Ackman points to Azure cloud and the Microsoft 365 productivity suite, including the $30-a-month Copilot AI assistant. Pershing built the stake from February after disappointment in December-quarter results triggered a 15% stock slide, citing slower cloud growth and heavy capital spending.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Hedge funds surge into Asia tech stocks as Korea Japan Taiwan buying hits decade high

Hedge funds surge into Asia tech stocks as Korea Japan Taiwan buying hits decade high

Global hedge funds are piling into Asian equities with a weekly buying pace not seen in a decade, led by South Korea, Japan, and Taiwan. The rush is concentrated in technology firms, as investors chase exposure to artificial intelligence beneficiaries. Chipmakers across the region appear to be the key drivers, reflecting how money is flowing into Asia’s tech supply chain.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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Jane Street posts record 16.1 billion trading haul as AI bets pay off big

Jane Street posts record 16.1 billion trading haul as AI bets pay off big

Jane Street reportedly set a first-quarter record with $16.1 billion in trading revenue, as market volatility and gains from AI-related holdings boosted performance. Profits more than doubled to $10.3 billion, reinforcing its dominance in high-frequency trading. Medium-frequency strategies and investments tied to AI firms such as Anthropic and CoreWeave were key drivers, sources say.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Kalshi raises $1 billion and hits $22 billion valuation for prediction market expansion

Kalshi raises $1 billion and hits $22 billion valuation for prediction market expansion

Prediction market platform Kalshi has raised $1 billion in funding, valuing the company at $22 billion. The deal is set to help Kalshi broaden products for hedge funds and asset managers as institutional trading volume rises. Kalshi’s focus now includes expanding event contracts, which analysts expect to drive significant market growth.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Jane Street Employees Set for $2.68 Million Payout After Record Revenue Surge

Jane Street Employees Set for $2.68 Million Payout After Record Revenue Surge

Jane Street Group is projected to reward employees with a $2.68 million payout after a record revenue haul that vaulted it to the top of Wall Street. The firm reported $9.38 billion in compensation and cited its unconventional structure, sustained AI investments, and strong capital position as key drivers—outpacing major rivals like Goldman Sachs and Citadel Securities.

Summarised by Beize from a story on The Economic Times on 2 May 2026
Instacart cofounder Apoorva Mehta launches AI hedge fund Abundance to run trades itself

Instacart cofounder Apoorva Mehta launches AI hedge fund Abundance to run trades itself

Instacart cofounder Apoorva Mehta has launched Abundance, a hedge fund built around thousands of AI agents that can handle trading, research, and stock selection independently. The plan goes beyond automation to replace human portfolio managers altogether, with some strategies already running solely on AI—betting that machine decision-making can process market information faster and better than people.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Citadel hits back as New York mayor uses Ken Griffin name in tax fight

Citadel hits back as New York mayor uses Ken Griffin name in tax fight

Zohran Mamdani is at the center of a widening controversy after Citadel objected to New York Mayor’s use of Ken Griffin’s name in a tax push. The hedge fund claims the mayor is leveraging Griffin to support individual taxation efforts, escalating a dispute that also touches public political messaging tied to pro-Palestinian views.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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