Today's episode, which was recorded at our recent live show at New York's City Winery, follows up on a conversation we had with Iain Dunning, head of AI at Hudson River Trading, last year, in which we talked about how his firm uses AI. Now, some seven months later, we follow up on how one of the biggest market makers around is deploying this technology. We talk about the price of memory, bottlenec...
Today's episode, which was recorded at our recent live show at New York's City Winery, follows up on a conversation we had with Iain Dunning, head of AI at Hudson River Trading, last year, in which we talked about how his firm uses AI. Now, some seven months later, we follow up on how one of the biggest market makers around is deploying this technology. We talk about the price of memory, bottlenecks in compute, how much HRT employees are actually spending on tokens, why the firm might develop its own chips, as well as AI-induced delirium. (Source: Bloomberg)
A race to dig rare earths and metals in the mineral-rich mountains of eastern Myanmar is polluting waterways that millions of people living downstream depend on after a new tungsten mine reportedly began operations near the Thai border, according to environmental groups. Myanmar is among the top three producing nations of rare earths and other critical minerals used to make magnets and other compo...
A race to dig rare earths and metals in the mineral-rich mountains of eastern Myanmar is polluting waterways that millions of people living downstream depend on after a new tungsten mine reportedly began operations near the Thai border, according to environmental groups. Myanmar is among the top three producing nations of rare earths and other critical minerals used to make magnets and other components that power products ranging from smartphones to electric vehicles, with most of its output...
Jeffrey S. Olson, Chairman of the Board & CEO of Urban Edge Properties (NYSE:UE) , reported the direct sale of 180,587 common shares for approximately ~$3.92 million via open-market transactions on May 8, 2026 and May 11, 2026, as disclosed in this SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($21.72); post-transaction value based on June 1, 2026 market...
Jeffrey S. Olson, Chairman of the Board & CEO of Urban Edge Properties (NYSE:UE) , reported the direct sale of 180,587 common shares for approximately ~$3.92 million via open-market transactions on May 8, 2026 and May 11, 2026, as disclosed in this SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($21.72); post-transaction value based on June 1, 2026 market close ($22.19). Continue reading
Colin Lancaster, EMEA Head and Global Co-Head of Discretionary Macro and Fixed Income at Schonfeld, discusses the gilt market and how the upcoming Makerfield by-election may deliver further volatility. (Source: Bloomberg)
Colin Lancaster, EMEA Head and Global Co-Head of Discretionary Macro and Fixed Income at Schonfeld, discusses the gilt market and how the upcoming Makerfield by-election may deliver further volatility. (Source: Bloomberg)
Carmignac is extending the maturity of its inflation-linked bond holdings in a bet that mounting pressure on government budgets will push central banks to tolerate higher inflation in coming years. The French asset manager switched from one- and two-year inflation-linked notes to five-year maturities in May, according to Guillaume Rigeade , its co-head of fixed income. Two thirds of his exposure i...
Carmignac is extending the maturity of its inflation-linked bond holdings in a bet that mounting pressure on government budgets will push central banks to tolerate higher inflation in coming years. The French asset manager switched from one- and two-year inflation-linked notes to five-year maturities in May, according to Guillaume Rigeade , its co-head of fixed income. Two thirds of his exposure is in the US, with the rest in Europe. The move reflects a view that inflation will be structurally higher over a longer term, beyond a current increase from the Middle East conflict that has made short-dated inflation-linked debt sensitive to oil prices. It also factors in policymakers hiking interest rates less than markets expect because of the risks to growth. “There is a higher tolerance from central banks for inflation,” said Rigeade in an interview. “Everywhere in the world, the level of debt is increasing and the weight of this debt is more and more difficult to accept.” Heavily indebted governments effectively benefit from higher inflation because it erodes the real value of their debt. However, the idea that fiscal pressures will constrain monetary policy is a contrarian one, given most major central banks have explicit inflation targets and are designed to operate independently. Bond investors have been reviving bets on inflation-linked bonds this year as oil prices rise, even though similar bets flopped in 2022. So-called linkers can be risky because their performance depends on inflation exceeding market expectations and they can be undermined by rising interest rates. Rigeade contends the market is pricing in too many interest-rate hikes this year, especially from the European Central Bank, a view that’s also prompted him to take a long position in German two-year bonds. The €3.2 billion ($3.7 billion) Carmignac Portfolio Flexible Bond has returned 1.9% so far this year, putting it near the top 10% in terms of performance compared to peers, according to data co...