March 29, 2024

Web and Technology News

Three Arrows Capital co-founder Zhu arrested in Singapore airport, sentenced four months in prison

The liquidators behind Three Arrows Capital (3AC), the now-defunct crypto hedge fund, shared that the firm’s co-founder Su Zhu was arrested in Singapore at the Changi Airport while trying to leave the country. Teneo, a financial advisory firm controlli…

Coinbase is testing a real-time employee feedback system. It sounds rough.

The crypto exchange Coinbase is testing a real-time workplace feedback tool called Dot Collector, created by hedge fund billionaire Ray Dalio, founder of Bridgewater Associates. Slack your colleague to say hello? Perhaps you’ll be rated as being off-task. Babbling too much in a meeting? You’ll get a low rating in efficiency. Tired after a night […]

Luxus wants the crown jewel of your portfolio to be an actual diamond

A much-anticipated market downturn may finally be here, and investors have been preparing for it by diversifying their portfolios away from the traditional stock and bond holdings, and into alternative assets such as collectibles. Thanks to tech companies such as Masterworks (physical art), Vinovest (wine), and Rally Rd (classic cars), retail investors can now put […]

Luxus wants the crown jewel of your portfolio to be an actual diamond

A much-anticipated market downturn may finally be here, and investors have been preparing for it by diversifying their portfolios away from the traditional stock and bond holdings, and into alternative assets such as collectibles. Thanks to tech companies such as Masterworks (physical art), Vinovest (wine), and Rally Rd (classic cars), retail investors can now put […]

Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its latest VC fund

Tiger Global is having a year. According to a new report from Financial Times, the low-flying-yet-seemingly-ubiquitous 21-year-old outfit has seen losses of about $17 billion during this year’s tech stock sell-off. FT notes that’s one of the biggest dollar declines for a hedge fund in history. As shocking, per FT, according to the calculations of […]

Equi is building a family office for non-billionaires

The exclusive club of family offices just got one comma shorter. For the paltry sum of $350,000, or just over five times the median US household income, individuals can invest with Equi in complex strategies focused on alternative assets, which the company says is commonplace amongst billionaires seeking to grow their wealth. These billionaires and […]