Hedge Fund YTD returns by strategy as of August 2023
Source: www.aurum.com
VC funding deals in 2023 so far:
💰50 largest VC funding deals reached $32B so far in 2023, with $13.2B of that for AI startups🤖. 🤖OpenAI, the company behind ChatGPT, is currently the recipient of the largest venture funding deal of 2023 so far at $10B. Source: Genuine Impact
Hedge funds exposure to mega cap tech stocks reaches highest level EVER RECORDED
Source: Barchart, Bloomberg
What were hedge funds buying in Q2?
(source: App Economy Insights) Here are some findings when diving into 13F: 🤖 AI models ⚙️ Semiconductors 🎤 A bit of Taylor Swift 💊 And... weight-loss drugs?!
The Rise and Fall of WeWork
Source: TVisualCapitalist
Hedge funds top 5 holdings Q2 2023
Recurring #themes: Hyperscalers $AMZN $GOOG $MSFT Semiconductor $AMD $NVDA $TSM Consumer tech $AAPL $TSLA Specialty Retail $BBWI $RH Global apps $META $NFLX Payments $MELI $V Source: App Economy Insights
One asset class - two different bets => hedge funds are shorting US treasuries at historic levels while asset managers are doing the exact opposite 👀
Source: Barchart, Bloomberg
Microsoft is in talks to acquire a 49% stake in ChatGPT owner OpenAI
OpenAI is currently raising funds at a $29 billion valuation and is allowing employees along with early investors to sell their shares at that valuation. Microsoft has already invested $1bn into the company in 2019 and is now looking to invest another $10B into OpenAI. Microsoft would receive 75% of OpenAI’s income until it has recovered its initial investment. Once they hit that threshold, they would have a 49% stake in OpenAI, with other investors taking another 49% and OpenAI's nonprofit parent getting 2%. Open AI are expected to generate ~1 Billion in revenue in 2024. Source: Finimize Image: The first day of OpenAI, 7 years ago (by Sam Altman)
