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1. How'd we do?
It's the beginning of the month, which means a chance to see how the top hedge funds are performing.
Insider's Alex Morrell has February performance figures for some of the top funds in the industry, including Citadel, Point72, and Millennium.
But the top dog among large multi-strategy hedge funds was ExodusPoint. In fact, the fund did so well it now has the best year-to-date performance among the group, closely followed by Citadel.
But that's all in the past, and what matters is the present, which is looking pretty good for ExodusPoint. There are lots of reasons for the turnaround, I'm sure, but I'd like to think it's because of this very newsletter.
When I wrote about Alex's initial story, I had this general piece of advice: Play the hits!
2. Here's how Fidelity views top private companies like Stripe, Instacart, and Reddit. The firm's latest monthly holdings report provides insight into how Fidelity values its investments in the high-profile tech startups. Here's a rundown of how Fidelity marked its investments.
4. Measuring the "impact" of impact investing isn't easy. Impact funds, which target companies or projects focused on social or environmental causes, have more than $322 billion in assets under management. But measuring how successful their investments have been is proving difficult. Here's why.
8. Working on Wall Street is so bad this woman left to clean up crime scenes. Stacey Foyster detailed how after a decade on Wall Street in risk analysis, she opted for a career change. In a ringing endorsement for life in finance, Foyster, who has cleaned prisons smeared with feces and cleared out drug dens, said she'd "never felt more fulfilled in my life and work." Check out all the grisly details.
10. Fine dining that won't break the bank. A Michelin-starred restaurant where dishes cost $1.60?! Yes, you'll need to fly to Malaysia to eat there, but let's not get bogged down in the details. Here's why it's worth the trip (along with some photos).
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