Investing in a warming world: choose your metrics wisely... [more]By Opalesque: A recent paper, Investing in a Warming World, examines a subtle but important problem in climate-conscious investing: the carbon metrics investors rely on to demonstrate portfolio decarbonization can be heavily distorted by stock market valuations. And this can create a misle

'Black Swan' investor Mark Spitznagel says the crash of a lifetime is coming after one more 'euphoric rally'... [more]Universa Investments founder Mark Spitznagel expects the stock market to enjoy one final euphoric rally before suffering what he describes as a historic crash. The tail-risk investor says the AI boom and excessive leverage are contributing to the setup, but argues that bears such as Michael Burry ma

Millennium nears $100bn in new era for giant hedge funds... [more]Millennium Management's assets have reached $97 billion, more than double the amount it managed six years ago and putting Izzy Englander's firm within reach of the $100 billion milestone. The expansion illustrates a new era for the biggest multistrategy hedge funds, which have accumulated enormous p

Hedge fund Millennium seeks tax deal to boost Geneva presence... [more]Hedge fund Millennium Management is in discussions with Geneva authorities to strike a tax deal in the canton and expand its office there.

Hedge fund billionaire Chris Rokos leaves UK for Greece... [more]Billionaire hedge fund manager Chris Rokos is moving his tax residency from the UK to Greece and plans to open an Athens office for Rokos Capital Management. Greece offers qualifying wealthy foreign residents a 15-year regime under which they can pay a flat EUR100,000 annual tax on foreign income, w

Hedge fund tycoon who paid GBP330million in tax last year quits UK amid exodus of wealthy under Labour... [more]Rokos Capital Management founder Chris Rokos, who paid GBP330 million in UK tax last year, is switching his residency to Greece and opening an office in Athens. Rokos, whose firm manages about $22 billion, was paid GBP477 million last year after its profits nearly tripled to GBP940 million and earli

Chris Rokos, departing hedge fund manager, is not just a GBP330m tax payer... [more]Rokos is moving to Greece, where a 15-year high-net-worth investor scheme allows qualifying residents to pay a flat EUR100,000 annual tax on income earned outside the country. Beyond his GBP330 million UK tax bill, Rokos has been a major philanthropist, including a GBP190 million donation to Cambrid

UK's biggest private hospital firm Spire agrees GBP1bn takeover by hedge fund... [more]Spire Healthcare has agreed to a GBP1.03 billion takeover by an investor consortium led by Toscafund Asset Management, which is offering 250p per share for Britain's largest private hospital operator. Spire operates 38 hospitals and more than 60 clinics and treated 1.36 million patients in 2025, whi

She lost her sight. Her billionaire father bet on a daring new treatment.... [more]Pershing Square founder Bill Ackman's 26-year-old daughter Lucy lost her sight, speech and movement after suffering a brain hemorrhage, prompting Ackman to seek an experimental mitochondrial transplantation treatment for her optic nerves. The FDA granted emergency authorization for what doctors say

Why are out-of-state billionaires spending tens of millions to make Vivek Ramaswamy governor?... [more]There is a simple question hanging over Vivek Ramaswamy's campaign for Ohio governor: Why are some of the richest men in America spending tens of millions of dollars to put him in office? Through June 30, Federal Election Commission records show V-PAC: Victors, Not Victims - the super PAC devot

And, finally: Operation Care Bear... [more]Fro Newsoftheweird: Can we all agree that it's been unbearably hot this summer? That could be what sent a mother bear and her cubs into a large water storage tank in La Verne, California, on Aug. 29, as reported by KABC. Officials say the animals were probably seeking water when they squeezed throug