Tokenized equities: 88% of institutional users increased activity over the past year, survey finds... [more]Matthias Knab, Opalesque for New Managers: Nearly two-thirds (65%) of professional investors expect the tokenized equities market to reach at least $10bn in on-chain trading volumes by June 2027. That compares with

With Burry as adviser, a new short-focused fund takes aim at private credit risks... [more]Minerva Investment Management, founded by Laks Ganapathi with Michael Burry as a senior adviser, is preparing to launch a short-biased hedge fund targeting companies vulnerable to stress in private credit. Ganapathi is looking across healthcare, retail, restaurants and regional banks, and points to

Millennium & Point72 adding data centre expertise amidst questions over hedge funds' strategies... [more]With data centre capital expenditure expected to hit at least $800bn this year, different strategies are emerging with regards to data centre provisions. Some firms, like Jump Trading, QRT, XTX and Jane Street have data centres for their own use. Jump, for example, says it has three "large purpose b

iMGP DBi Managed Futures Strategy ETF (DBMF) surpasses USD5bn in assets under management... [more]The iMGP DBi Managed Futures Strategy ETF has surpassed USD5bn in assets under management, making it the largest managed futures ETF. Launched in 2019, DBMF uses a multi-factor model to replicate the pre-fee returns of leading CTA hedge funds and has delivered a 9.32% annualized return since incepti

Minerva fund targets private credit risks with new short strategy... [more]Minerva Investment Management is preparing to launch a short-focused hedge fund targeting companies exposed to stress in private credit markets. Founder Laks Ganapathi, who has Michael Burry as a senior adviser, sees potential short opportunities in healthcare, retail, restaurants and smaller banks

Treasury takes aim at Wall Street tax trades in new notice... [more]The US Treasury Department has issued new guidance targeting tax-optimized Wall Street investment strategies, including prearranged ETF conversions and certain in-kind redemptions. Notice 2026-62 and Revenue Ruling 2026-20 signal increased IRS scrutiny of transactions structured to shift appreciated

Opinion: Beware of George Soros types in government finance... [more]The commentary focuses on Treasury Secretary Scott Bessent and his earlier career working for George Soros alongside Stanley Druckenmiller. It contrasts Druckenmiller's subsequent hedge fund record with Bessent's investment career and criticizes the influence of financiers associated with Soros on g

The 25 billionaires and millionaires who have already spent roughly $850m ahead of the midterms... [more]Twenty-five wealthy donors have contributed roughly USD849m ahead of the US midterm elections, according to a review of federal campaign-finance data. George, Alex and Jonathan Soros account for USD103.3m, while other major donors include Elon Musk, Jeff Yass, Miriam Adelson and Walmart heir Jim Wal

Activist Jana pushes Fiserv to accelerate cost cuts and tap Palantir... [more]Jana Partners is pressing Fiserv to increase planned cost savings from USD500m to USD1.25bn and use Palantir technology to accelerate its turnaround. The activist, which has held a position since late 2025, also wants Fiserv to simplify technology infrastructure and is supporting potential divestitu

Centerview hires Elliott's capital markets specialist Schachter... [more]Centerview Partners has hired Bennett Schachter from Elliott Investment Management to lead its capital advisory practice. Schachter had been a managing director responsible for capital markets and financing solutions at Elliott since 2022, after spending 25 years at investment banks including Goldma

Jain Global head of equity capital markets Nitin Dewan leaves for Tudor... [more]Nitin Dewan has left Bobby Jain's hedge fund to join Tudor as a portfolio manager and global head of equity capital markets in New York. Dewan joined Jain Global in 2024 ahead of its USD5.3bn launch and previously held portfolio manager roles at Brookfield Asset Management and BlueMountain Capital M

Baillie Gifford chief Tim Campbell 'incredibly sad' warning on Saba... [more]It would be "incredibly sad" if US hedge fund manager Boaz Weinstein's Saba Capital Management succeeds in its move on a major Scottish-based investment trust, the chief executive of the asset management heavyweight which runs the fund says.

Erdogan says no risks to Turkish financial system amid fund crisis... [more]President Tayyip Erdogan says Turkey's financial system faces no risk from the crisis surrounding the liquidation of investment funds and that the country's capital markets remain strong. He said authorities are working to prevent similar problems and will take further steps after he meets his econo

And, finally: Back to goat yoga... [more]From Newsoftheweird: After months of searching, Ohio police finally caught their slippery fugitive: Cardio the Goat. The Washington Post reported that the runaway bovid had been wreaking havoc in the Dayton area for months, even going so far as to damage cars. Three police officers responded to a