Senate's crypto bill rejected, crypto markets down... [more]By Opalesque:
Senate Democrats blocked on Sept. 15th a broad industry-backed crypto market structure bill in a 49-50 vote over ethics and transparency concerns regarding political investments.
The $2.3tln cryptocurrency industry has been pushing for a uniform set of rules for some time. Me
Balyasny hedge fund boosts Swiss presence... [more]Balyasny Asset Management is opening a presence in Zug, adding to the growing number of global hedge funds operating in Switzerland. The USD38bn multi-strategy firm, which already has a Geneva office, is hiring for commodities and analyst roles with Zug as a location option and is awaiting a licence
Ex-Balyasny trader bets El Nino can turbocharge hedge fund gains... [more]Former Balyasny trader Steven Bregman is betting that El Nino-related weather disruption will create profitable opportunities across commodities markets. His strategy seeks to capitalize on price dislocations caused by shifts in weather patterns, adding another potential source of returns for funds
Black Sea export troubles continue to support grain prices... [more]Problems affecting Black Sea grain exports are continuing to support global grain prices, with traders closely monitoring disruptions to one of the world's most important agricultural export regions. Constraints on shipments can tighten global supply and increase volatility in wheat, corn and other
Fund selectors back alternatives amid turmoil... [more]Private banks and wealth managers are raising allocations to alternatives as investors seek uncorrelated alpha, downside protection and alternative income streams amid positive stock-bond correlations and geopolitical uncertainty. Nomura recommends alternatives weightings of 20%-30% depending on ris
The dirty little secret about a 60/40 portfolio - and why it no longer works... [more]The traditional 60/40 stock-bond portfolio is less diversified than it appears because more than 90% of its volatility can come from the equity allocation. With stock-bond correlations turning positive more frequently, investors may need a broader mix of genuinely independent return sources rather t
Debt-financed AI buildout reshapes hedge fund positioning in August... [more]Hedge funds adjusted their positioning in August as financing for the AI infrastructure boom increasingly shifted from equity toward corporate debt. Long-fund participation across the Magnificent Seven was flat overall, with reductions in Amazon, Tesla, Meta, Alphabet and Apple, while short-fund par
Hedge funds step up bets against consumer stocks in August, Hazeltree says... [more]Hedge funds increased bearish bets against consumer-focused companies in August while reducing some shorts in AI-related stocks, according to Hazeltree. Consumer discretionary shares have fallen around 5% this year versus an approximately 11% gain for the S&P 500, while Kimberly-Clark, DoorDash and
Hedge funds and boardroom power: The new era of corporate influence... [more]Hedge funds are increasingly using activist strategies to influence corporate boards, capital allocation and strategic decisions rather than remaining passive shareholders. Their growing boardroom role reflects the expansion of activist investing into a significant force in corporate governance, wit
Activist investor begins proxy fight ahead of Vail Resorts' annual meeting... [more]Activist investor Oasis Management has launched a proxy fight at Vail Resorts, seeking to overhaul the company's board and influence its business strategy. Oasis has argued that changes could improve Vail's performance, while proposals under consideration include exploring sales of individual mounta
Nomura's macro people are still joining hedge funds. So are its operations types... [more]Nomura continues to lose macro staff to hedge funds, including London FX-options trader Lorenzo Chiesa, who has joined Citadel to trade FX volatility, relative value and macro, while rates-options executive director Sam Green also left in August. The moves extend beyond trading: global markets COO A
$35bn Brevan Howard is opening a Greenwich office... [more]Brevan Howard is opening an office in Greenwich, Connecticut, in 2027, giving the USD35bn hedge fund a fourth US location alongside New York, Austin and Miami. The move highlights how hedge funds are increasingly using office locations as a recruiting tool, allowing portfolio managers and other inve
Forbes 400: Who are the wealthiest Floridians?... [more]Florida's wealthiest resident is Amazon founder Jeff Bezos, whose estimated USD378bn fortune places him second on the Forbes 400, behind Elon Musk. The 400 richest Americans are collectively worth a record USD8tn, up from USD6.6tn a year earlier, with Florida home to numerous members of the ranking
54 New York billionaires worth combined USD722.2B make exclusive Forbes 400... [more]Fifty-four New York billionaires made the 2026 Forbes 400 ranking of America's richest people, with their combined fortunes totaling approximately USD722.2bn. The list illustrates New York's continuing concentration of extreme wealth across finance, technology, real estate and other industries despi
Baillie Gifford says it offered to buy out Saba but was rejected... [more]Baillie Gifford's US Growth Trust says it previously offered activist investor Saba Capital a tender offer at 99.75% of net asset value, open to all shareholders, but Saba rejected it. Boaz Weinstein's Saba, which owns about 29% of the trust, is now seeking to install three directors, while the trus
House panel votes to hold Leon Black in contempt over Epstein subpoenas... [more]The House Oversight Committee voted 41-0 to recommend holding billionaire investor Leon Black in contempt of Congress after he failed to appear for a Sept. 3 deposition and did not provide nondisclosure agreements sought under subpoena in its Jeffrey Epstein investigation. Black had previously parti
And, finally: Rubber Duckie, You're the One... [more]From Newsoftheweird: Police in Chatham County, Georgia, are looking for an unusual suspect. Among his questionable behavior? "Becoming infatuated" with a rubber duck that he played with for 10 minutes while soaking in a hot tub -- uninvited -- at someone else's home. According to WOTC, video foot
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..
