Marc Filippino

So give us a sense of scale here.

So hedge funds performance was really tied to equities in the past month.

Is that usually the case?

Is there a lesson hedge funds can learn from this past month's performance?

Costas Morsalis covers hedge funds for the FT.

Thanks, Costas.

Thank you.

Samsung workers want a bigger cut of the chipmaker's ballooning AI profits.

The South Korean company is beefing with its staff.

Labor unions are threatening to strike if Samsung doesn't increase wages and bonuses.

If their demands are not met, unions say they'll stage an 18-day walkout later this month.

To give you a sense of how well the company is doing, Samsung's stock hit a record high yesterday, and its net profit last quarter is up more than five times what it was a year ago.

And a big part of its success is that memory chips are a huge deal right now.

Supply is tight, and a strike at Samsung could disrupt global supply chains.

It could also potentially hit South Korea's economy.

The country's central bank says that about half of first quarter GDP growth was because of chipmaking.

LVMH is looking to slim down a bit.

The world's top luxury goods conglomerate is looking to sell even more of its brands, like Marc Jacobs and its stake in Rihanna's Fenty Beauty.

It's the first time that LVMH is selling more than it's buying.

The FT's Adrienne Klasa covers the crossroads of money and luxury in Paris.