The Trump family's $1.5 billion acquisition of ALT5 Sigma (ALTS.US) attracted Point72 and ExodusPoint, two major hedge funds, to enter the market layout.
According to Zhidong Financial APP, Eric Trump and Donald Trump Jr. appeared at Nasdaq a week ago to ring the opening bell, announcing the acquisition of the biotech transformation encrypted payment company ALT5 Sigma (ALTS.US) for $1.5 billion and the Trump family-supported encrypted project World Liberty Financial. This move quickly attracted blue-chip hedge funds. It is understood that both Point72 and ExodusPoint, two major hedge funds, hold shares in Alt5 Sigma, with the former holding $26.7 million in shares and the latter slightly reducing their holdings to 4.75% (valued at $32.1 million) in the week following August 11.
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