Reuters: Millennium Management plans to raise a record $20 billion, betting the AI rally will continue.
58 minutes ago
According to Reuters, Millennium Management—one of the world’s largest multi-strategy hedge funds—is in discussions to raise roughly $20 billion in new capital, a sum far exceeding its initial target and poised to become the firm’s largest fundraising round in history. The fundraising will be executed in two phases, and Millennium also plans to reallocate capital managed by external fund managers through trade swaps, a task overseen by President Ajay Nagpal. Citing a Goldman Sachs report, Reuters noted that the hedge fund industry is on track for another strong year fueled by the AI boom. In the first half of 2026, all major hedge fund strategies posted net capital inflows for the first time in five years, with quantitative funds and multi-strategy funds attracting particularly robust inflows. Millennium delivered a 10.5% return in 2025 and currently holds assets under management (AUM) of over $92 billion.
Samsung Electronics: Not considering issuing US ADRs for the time being, and holds an open stance on future plans.
4 minutes ago
Robinhood's Q2 results beat expectations: Revenue hits $1.31 billion, net profit surges year-over-year to $573 million.
4 minutes ago
South Korea's KOSPI index breached the 5,900-point mark, with its intraday gain widening to 4.25%.
4 minutes ago
Samsung Electronics' gain expanded to 7%, while SK Hynix rose 3.2%.
4 minutes ago
Analysis: Retail individual stock sell-offs hit their highest level since the pandemic, with 88% of selling pressure concentrated in AI storage chip stocks.
4 minutes ago
AI enterprise procurement platform Freehand AI closes $75 million in funding, having cumulatively saved over $260 million for clients including Meta.
4 minutes ago
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