Yazılar

SoftBank Takes Capital One Stake While Cutting Taiwan Semiconductor Holdings

/in /tarafından

SoftBank Group disclosed a new investment in Capital One while sharply reducing its exposure to Taiwan Semiconductor Manufacturing Company (TSMC) during the second quarter, according to a filing with the U.S. Securities and Exchange Commission.

As of June 30, SoftBank held 276,811 Capital One shares, valued at approximately $55.5 million. The investment marks a new position for the Japanese technology and investment group.

SoftBank also added a smaller stake in Life360, acquiring 10,718 shares valued at around $488,500 at the end of the quarter.

At the same time, the company sold about 1.4 million TSMC shares, representing roughly 71.5% of its previous holding, for approximately $269.8 million.

The portfolio shift comes as large institutional investors continue repositioning around changing valuations in technology, semiconductors and financial services. SoftBank remains heavily exposed to AI and technology investments, making its reduction in TSMC particularly notable amid strong global demand for advanced chips.

Quarterly 13-F filings provide only a snapshot of certain U.S.-listed holdings at the end of a reporting period and do not show subsequent transactions or an investor’s complete portfolio.

Tether Appoints Ex-Google, Limestone Capital Executive as Chief Business Officer

/in /tarafından

Tether announced on Wednesday that it has named Benjamin Habbel as its new chief business officer, as the crypto firm expands its strategy beyond digital assets.

Habbel previously served as CEO of private equity firm Limestone Capital and held senior roles at Google. At Tether, he will oversee growth strategy, finance, investment, and portfolio expansion, while also working with the company’s diverse portfolio.

Tether’s investments already span artificial intelligence, telecommunications, bitcoin mining and energy, cloud computing, and real estate. Last year, the company invested $200 million to acquire a majority stake in U.S.-based brain implant company Blackrock Neurotech.

“Tether isn’t just a stablecoin company — it’s The Stable Company,” said CEO Paolo Ardoino, adding that Habbel’s appointment will accelerate Tether’s transformation into a broader technology and financial services powerhouse.

Headquartered in El Salvador, Tether is the issuer of the world’s largest stablecoin, USDT, which is pegged to the U.S. dollar and has a market capitalization of about $173 billion, according to CoinGecko.

The move comes as Tether looks to expand in the United States, where crypto firms are benefiting from President Donald Trump’s supportive stance on the sector and the launch of a U.S.-focused stablecoin, USAT.

Point72’s New AI Fund Nears $1.5 Billion After Impressive Returns

/in /tarafından

Point72 Asset Management’s new artificial intelligence (AI)-focused fund, Point72 Turion, has seen rapid growth, with a 14% return since its launch just three months ago. Sources familiar with the matter indicate that the fund, which began trading in October 2024, is now nearing a value of $1.5 billion, surpassing expectations. The fund is set to suspend new investments once it reaches this milestone, anticipated in April 2025.

Point72 Turion, managed by portfolio manager Eric Sanchez, had initially aimed to raise $1 billion for its launch, as reported by Bloomberg in June. The fund’s strong performance has already attracted significant subscriptions, demonstrating growing optimism about the AI sector. The fund has posted monthly gains of 3.5%, 4.9%, and 5.2% in October, November, and December, respectively, finishing 2024 with a 14.2% return. This compares favorably with the 6.2% gain in the Nasdaq Composite Index during the same period.

This growth marks the first new fund for Point72 in decades, highlighting the hedge fund’s confidence in the potential of AI. The firm currently manages $35.2 billion in assets, with its main fund having risen 19% in 2024. Despite the impressive performance, a spokesperson for Point72 declined to comment on the fund’s progress.