World's largest CLO ETF passes $30bn: What allocators should watch next... [more]Matthias Knab, Opalesque: Janus Henderson Investors announced this week that its AAA CLO ETF (JAAA) has surpassed $30 billion in assets under management, making it comfortably the world's largest collateralized loan obligation ETF and the second-largest active fixed income ETF by assets. The
Ackman's First Public Letter: Six New Stocks - and a Blueprint for the Permanent Capital Manager... [more]Matthias Knab, Opalesque: Bill Ackman's first quarterly shareholder letter as the CEO of a publicly listed asset manager landed on August 12, and the financial press has predictably fixed on the six new stock positions - Netflix, Visa, Mastercard, S&P Global, Intercontinental Exchange and Alc
Fasanara hires Dr Darran Specter to hunt emerging quant equity talent globally... [more]Matthias Knab, Opalesque: Fasanara Capital, the technology-driven global asset manager with $6 billion in assets under management, has appointed Dr Darran Specter, CFA, as Head of Quant Equity - a hire that says as much about where the firm is placing its bets as it does about the individual fill
Bill Ackman vs Buffett successor: Mastercard, Visa stock battle lines drawn - who wins?... [more]Bill Ackman's Pershing Square has taken new positions in Visa and Mastercard as part of a major portfolio overhaul, while Warren Buffett successor Greg Abel's Berkshire Hathaway has taken a different approach to the payments giants. Ackman views the companies as high-quality businesses capab
Bill Ackman's Pershing to debut venture fund for pre-IPO bets... [more]Bill Ackman's Pershing Square plans to launch a venture-focused fund that will invest in late-stage private companies before they go public. The new vehicle would broaden Pershing's business beyond its concentrated public-equity portfolios and give investors exposure to companies during the pre-IPO
Netflix stock rebounds as Ackman returns after 2022 loss... [more]Billionaire investor Bill Ackman returned to Netflix on Wednesday, purchasing 3.15 million shares through his hedge fund Pershing Square after a costly exit four years earlier. As of June 30, the position represents 4.9% of Pershing Square’s portfolio, marking a dramatic reversal from A
Hedge funds buy $7B in US equities... [more]Hedge funds bought about $7 billion of US equities as institutional investors returned to the market following the recent selloff. The buying suggests managers are rebuilding risk exposure after substantial deleveraging, with renewed demand emerging as market conditions stabilize.
Hedge fund Citadel imposes two-year non-competes on junior staff... [more]Citadel has extended two-year non-compete agreements to some junior investment staff, highlighting the increasingly aggressive battle among multi-manager hedge funds to retain talent. The restrictions can keep employees from joining rivals for extended periods after leaving, as firms seek to protect
A Goldman Sachs VP escaped to a fine job at hedge fund Brevan Howard... [more]Carlos Licon had a good time at Goldman Sachs. In his own words, his time at the firm was an "amazing journey full of lessons and learning" and he met a lot of good people along the road.
Despite this, Licon has taken himself off on a new journey to a hedge fund. He is joining Brevan Howard in New
The Treasury market's toxic codependency... [more]From the FT: The Treasury market that Hamilton once birthed is now arguably a source of peril for the US - one that transcends the mere size of the government's debt burden. Many analysts, investors and policymakers have long worried about the size and trajectory of the US government's indebtedness.
The 25 richest hedge fund managers in the world... [more]The world's richest hedge fund managers have accumulated vast fortunes from investment performance, management fees and ownership stakes in their firms. Citadel founder Ken Griffin ranks among the industry's wealthiest figures, having built Citadel from $4.6 million in initial capital into one of th
Unmasking the AI bubble: Why hedge funds are quietly betraying the hype... [more]Despite the extraordinary enthusiasm surrounding artificial intelligence, hedge fund positioning is providing a more cautious signal about the sustainability of AI valuations. The article argues that sophisticated investors are increasingly hedging, reducing exposure or positioning against parts of
Spirit Airlines' Dania Beach HQ sold for $93M to Boston hedge fund... [more]Spirit Airlines' former headquarters in Dania Beach, Florida, has been sold for $93 million to a Boston-based hedge fund following the airline's financial troubles. The transaction involves a major South Florida office property and follows Spirit's restructuring and efforts to dispose of assets.
Public Investment Fund: 10 key takeaways from its new strategy... [more]The Saudi Public Investment Fund is entering the period leading up to 2030 with a different investment philosophy from the one that guided its expansion over the past decade.
After a period characterized by rapid growth, the establishment of companies and sectors, and large-scale capital injecti
Hong Kong's low-tax lure is getting a reality check... [more]Hong Kong's efforts to attract hedge funds, family offices and trading firms with its low-tax regime are facing new limitations as the government clarifies which businesses qualify for preferential treatment. Proprietary trading firms are among those set to be excluded from expanded tax concessions,
And, finally: Now we know how far a turtle gets in two weeks... [more]From UPI: A 15-year-old African spurred tortoise who escaped from her owner's Manitoba home was found two weeks later at a nature preserve more than 12 miles from home.
The Oak Hammock Marsh nature preserve in Manitoba said on social media that officials received multiple reports of tortoise sigh
In an era of deepfakes, phantom fortunes, and narrative warfare, the challenge of distinguishing reality from illusion has never been more acute. For those stewarding generational wealth, the stakes are existential. This 11th edition of Horizons delves into the critical quest for clarity, offering a toolkit to navigate a world rife with deception and to build a foundation of verifiable trust.
Our journey begins with a chilling investigation into
Opalesque has been publishing Technical Research (chart analysis) since April 2006. Opalesque Technical Research offers technical chart analysis with a global perspective on all major markets, including Equity Indices, Fixed Income, Currencies, and Commodities.
Opalesque Technical Research is unique compared to most available research which is fundamental in nature, and not technically (chart) oriented. In addition, most current available research is mainly equity based, and not global in nature.
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Matthias Knab, Opalesque for New Managers: On July 9th, participants from 28 countries joined Opalesque's "Kant & Capital" webinar - not for a lecture, but for a workshop. The premise: after sixty years of labels - SRI, triple bottom line, ESG, impact - each of which fell short of its promise, i..
