Michael Gelband is expected to have $8 billion to invest when his hedge fund startup ExodusPoint starts trading on June 1, sources told Bloomberg's Saijel Kishan and Yalman Onaran.
The big picture: The previous record was set by Convexity at $6.3 billion in 2006.
Illustration: Sarah Grillo/Axios
Photo Illustration: Aïda Amer/Axios. Photo: Saul Loeb/AFP via Getty Images
Facebook said Wednesday that it was removing a series of ads from President Trump's campaign that linked American acceptance of refugees with increased coronavirus risk, a connection Facebook says is without merit.
Why it matters: The ads were pulled after they received thousands of impressions and are a sign that the Trump campaign continues to test the limits of social media rules on false information.
More than 73.1 million people watched the first presidential debate on television on Tuesday night, according to Nielsen ratings.
Why it matters: While that's a sizable audience for any American TV program, it's down more than 13% from the record number of TV viewers who tuned in for the first debate of the 2016 election. The chaotic nature of the debate and the overall uncertainty around this year's election may have pushed some viewers away.