Katherine Burton

Its assets have hit $97 billion, according to people familiar with the matter, more than double what Millennium oversaw six years ago. The ascent toward $100 billion has vaulted Izzy Englander's firm past most of his largest competitors — even as they, too, are managing record sums — and landed him into territory that few other hedge funds have ever breached.

Clearlake owns roughly 61.5% of the Premier League club. On-and-off talks about Clearlake acquiring the rest have consistently broken down over price in the past few years.

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Sixth Street is looking to renew a long-shot bid to acquire life insurer Brighthouse Financial Inc. as a pending deal with another buyer remains under regulatory review.

Balyasny Asset Management promoted Ilan Weiss to be global co-head of equities, advancing one of its star stock managers to help lead the hedge fund firm’s biggest strategy.

Coming from a big-name firm or getting a well-known backer used to almost guarantee a billion-dollar start. Nowadays, star traders are finding there’s scant room for new entrants.

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Jeff Wang, a former star stock-picker at Sequoia Capital, raised more than $1 billion for his new technology-focused equity hedge fund, highlighting the strategy’s popularity in an otherwise dismal year for raising money.

Billionaire Ken Griffin said investors are “almost certainly” in the midst of an artificial intelligence bubble.

By Katherine Burton and Dani Burger Billionaire Ken Griffin said Republicans in Congress and President Donald Trump made a mistake by cutting taxes even further last year.