Kelly Bit

Jim Chanos said that demand for LNG has been flat for the past few years and capacity is going to "skyrocket".

By Kelly Bit (Bloomberg) -- The world’s largest hedge fund manager is banking on machines. Ray Dalio’s $165 billion Bridgewater Associates will start a new, artificial-intelligence unit next month with about half a dozen people, according to a person with knowledge of the matter. The team will report to David Ferrucci, who joined Bridgewater at the end of 2012 after leading the International Business Machines Corp.

By Katherine Burton, Kelly Bit and Simone Foxman (Bloomberg) -- Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audience of roughly 3,000 investors, including some of the biggest money managers in the industry. “If you are long, I’m sorry for you.” Then he showed a slide of a car stuffed with clowns.