Coatue raises $1 billion for AI bets – Daily Journal
Coatue Management, a hedge fund that invested heavily in tech startups during the pandemic-driven boom, is raising $1 billion to back AI-focused companies, Bloomberg reported Monday. The funding, which will complement the company’s flagship fund, will come primarily from institutional investors. However, according to the report, high-net-worth individuals with accounts at brokerage Raymond James and … Read more