Coatue's Next Frontier Secures Land for AI Data Centers
Coatue doesn’t just want to back the hottest AI companies. It wants to get in at the ground level—literally. Its new venture, Next Frontier, is buying land for data centers. Among its first projects is a JV with Fluidstack to build a new facility in Indiana. W/ @KateClarkTweets
Investor Exodus Hits Consumer Loans, Stone Ridge Honors 11%
Private credit's investor exodus has spread to consumer loans. Redemption requests at a ~$2bn Stone Ridge fund holding loans made by fintech lenders were so high that it would honor only 11% of the amount investors wanted back. https://t.co/JXy1RCBLRX
Semis Outperform Software in AI Trade, Driving Massive Gains
The AI trade that’s separating Wall Street’s winners and losers: semis > software It helped power $100mln+ in gains for a Point72 PM and helped convince the manager of a 23-year-old hedge fund to call it quits https://t.co/zUWC9pfB3X