
Schonfeld Backs Abu Dhabi Hedge Fund Startup With $500 Million
The long-short equity fund, expected to start operating later this year or in early 2026, will trade exclusively for Schonfeld for a period of time, the people said, requesting anonymity to discuss private information. Schonfeld has reserved the right to increase its allocation over time.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
ZIM Integrated (ZIM) Climbs 14.9% on Acquisition Rumors
We recently published . ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is one of the best-performing stocks on Monday. ZIM Integrated grew its share prices by 14.9 percent on Monday to close at $17.81 apiece as investors snapped up shares amid news reports that it was set to go private through a $2.4 billion acquisition plan. According to Israel-based business publication Calcalist, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) and magnate Rami Unger were mulling over the acquisition of all of the company's outstanding shares to merge the former with the tycoon's own shipping company. The reported offer marks a significant premium to ZIM Integrated Shipping Services Ltd.'s (NYSE:ZIM) market capitalization of $1.87 billion. If proven, the acquisition would remove ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) from the roster of publicly listed companies on the New York Stock Exchange. Based on information on its website, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is scheduled to announce the results of its financial and operating highlights for the second quarter of the year before market open next Wednesday, August 20. Investors will also be closely watching out for cues and confirmation about the reported privatization. Photo by Ammiel Jr on Unsplash For full-year 2025, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is targeting to generate between $1.6 billion and $2.2 billion in adjusted EBITDA, and $350 million to $950 million in adjusted EBIT. While we acknowledge the potential of ZIM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 minutes ago
- Yahoo
UK SMEs increasingly opt for alternative financing over traditional banks: iwoca
Recent research conducted by UK business lender iwoca has highlighted a surge in the number of small and medium-sized enterprises (SMEs) choosing alternative lenders over conventional high street banks. Gathered from iwoca's SME Expert Index, the data shows that finance brokers are now more likely to submit loan applications to alternative finance providers, with 61% indicating that more than half of their loan submissions in the past month were to non-bank lenders. The shift in preference is largely attributed to the need for expedited decision-making processes, as reported by 73% of brokers. This marks an increase from 63% in the previous quarter. The SME Lending Thermometer, a measure introduced in early 2025 to gauge the demand for SME finance, has registered a score of 5.6 for the second quarter of 2025. This score is a slight uptick from the previous quarter's 5.23, suggesting an incremental rise in the demand for finance among SMEs. The thermometer's score is calculated from broker feedback, which currently indicates that 41% of brokers perceive a high demand for finance, while only 26% view the demand as below average. Furthermore, the research points to a growing perception among brokers that mainstream banks are retreating from the SME lending market, with 71% in agreement on this trend. As a result, brokers are increasingly recommending alternative financing options to their clients, particularly for loan amounts greater than $100,000, with 65% of brokers guiding SMEs in this direction. iwoca UK chief commercial officer Colin Goldstein said: "We're at a real turning point for SME finance. More than ever, small businesses need quick and flexible funding, and they're increasingly turning to alternative lenders to get it. 'The pace of this shift shows just how much traditional banks are struggling to meet the changing needs of the UK's small businesses.' The findings of the SME Expert Index are based on a survey involving 83 brokers who submitted a collective total of 2,511 unsecured finance applications for their SME clients across the UK during December and January. "UK SMEs increasingly opt for alternative financing over traditional banks: iwoca " was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
6 minutes ago
- Yahoo
SoundHound AI (SOUN) Surges 17.34% on Rating, Price Upgrade
We recently published . SoundHound AI Inc. (NASDAQ:SOUN) is one of the best-performing stocks on Monday. SoundHound AI soared by 17.34 percent on Monday to end at $15.9 apiece as investors took path from an investment firm's upgraded rating for its stock. In a market note, Ladenburg Thalmann raised SoundHound AI Inc. (NASDAQ:SOUN) to 'buy' from 'neutral' previously, alongside a higher price target of $16, as compared with the $9 prior. According to Ladenburg, the upgrade was based on SoundHound AI Inc.'s (NASDAQ:SOUN) increasing deals in the automotive sector that 'can give potential upside opportunity.' 'The penetration in Autos is growing as the company recently announced three major automotive brands in the US have rolled out with SOUN Chat AI embedded. This product drives user engagement and helps establish tech leadership in an increasingly competitive space … Management has pegged in-car commerce opportunity for OEMs at $35 billion annually,' it said. In an updated report, SoundHound AI, Inc. (NASDAQ:SOUN) said it narrowed its non-GAAP net loss in the second quarter of the year by 20 percent to $11.86 million from $14.89 million in the same period last year, but widened its GAAP net loss by 100 percent to $78 million from $37 million year-on-year. Revenues, on the other hand, soared by 217 percent to $42.68 million from only $13.46 million in the same period last year. SoundHound AI, Inc. (NASDAQ:SOUN) raised its full-year revenue growth outlook to a range of $160 million to $178 million, from the previous forecast of $156 million to $177 million. While we acknowledge the potential of SOUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .