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: Aïda Amer/Axios
Joe Biden on Thursday returned to his hometown of Scranton, Pennsylvania, to give his first major speech on economic policy since becoming the Democratic Party’s presumptive presidential nominee.
Axios Re:Cap digs into Biden's plans, how they developed and how they may change, with former U.S. Commerce secretary and campaign surrogate Penny Pritzker.
Tokyo in the time of coronavirus. Photo: Charly Triballeau/AFP via Getty
Many politicians and public health officials sounded a similar lockdown refrain in the spring: let’s do this right so we only have to do it once.
Reality check: While some countries have thus far managed to keep cases under control after opening up, dozens of countries that had initially turned a corner are now seeing a worrying rebound. They have to decide if and how to return to lockdown — and whether their populations will stand for it.