CalPERS climate investments reach USD71bn as pension giant puts AI risk on board agenda... [more]Matthias Knab, Opalesque: The California Public Employees' Retirement System (CalPERS), the largest defined-benefit public pension in the US with 2.4 million members, said its investments in climate solutions reached USD71bn as of June 30, 2026. That is USD11bn more than a year earlier and US
U.S. ETFs take in USD195.1bn in October as Vanguard reclaims top spot from iShares... [more]Matthias Knab, Opalesque: The U.S. ETF industry gathered estimated net inflows of USD195.1bn in October, even as weakness in technology stocks and emerging Asia weighed on markets, according to LSEG Lipper's monthly review of the sector.
Assets under management rose by USD58.9bn to USD16,
Lone Pine Capital's 2026 collapse: how Steve Mandel's hedge fund lost its AI fortune... [more]Stephen Mandel's Lone Pine Capital suffered a sharp reversal in the third quarter, with its long-short fund falling about 31% in the three months to September, including a roughly 25% loss in July, leaving it roughly flat for 2026 after a 51% gain in the second quarter. The long-only vehicle dro
After a record 2025, Chris Hohn is still digging out of a slump... [more]Chris Hohn's TCI Fund Management gained 1% in October, a month when many hedge funds lost money, but remains down 2% for the year after falling 9.4% in the first quarter, including an 11.9% drop in March after the Iran war began. That follows a record 2025 in which TCI returned 27.8% and generated $
Traders look to Wall Street quant strategies to hedge next crash... [more]Investors are hedging against both an overdone reaction to the Democratic sweep of Congress in the US midterms and a broader retreat in AI stocks, after the S&P 500 fell 4.4% last Thursday. Morgan Stanley prime brokerage data show global hedge fund gross leverage fell 8% from June through October, w
Is the Nvidia affair securities fraud?... [more]Nvidia shares fell more than 4% on Monday after the board said it would investigate CEO Jensen Huang's relationship with Alice Huang, an executive US intelligence believes was spying for China. A company spokesperson had earlier described the relationship as "not unusual or unexpected", and plaintif
Townie Wells departs Jain Global to launch new hedge fund with Millennium talks... [more]Townie Wells, head of fundamental equities at Jain Global, left the multistrategy firm last week to launch his own long/short equity hedge fund in New York, and is in talks with Millennium Management about a potential multibillion-dollar allocation. The former Citadel trader was among Jain Global's
Bridgewater veteran to head Canada's first national sovereign wealth fund... [more]Prime Minister Mark Carney has named Karen Karniol-Tambour, co-CIO of Bridgewater Associates, as CEO of the Canada Strong Fund, the country's new sovereign wealth fund launched in April with a CAD25bn commitment. The fund will co-invest alongside federal entities in domestic opportunities and offer
Joakim Hannisdahl's hedge fund divests tanker stocks in market sell-off... [more]Joakim Hannisdahl's Gersemi Shipping Fund exited its tanker stock positions in late October and early November, locking in gains after shifting toward short-term trading and scaling back market exposure. The fund had sold all its tanker positions at the mid-October peak, which Hannisdahl says return
Tokenisation must prove its worth beyond the digital wrapper, CFA Investment Forum told... [more]Panellists at the CFA's 12th Annual Cayman Investment Forum argued that tokenised funds are only worthwhile if they give investors abilities their paper equivalents lack, such as trading fund shares between redemption dates or borrowing against them. Securitize's Duke Kim put the tokenised real-worl
Australian activist Wilson AM CFO Jesse Hamilton: 'Saba is really good at what it does'... [more]Jesse Hamilton, CFO of Australia's Wilson Asset Management, says "the one thing an activist hates is not being spoken to," explaining that WAM's first line of defence against Boaz Weinstein's Saba Capital Management was simply talking to it. In the interview, Hamilton also makes the case for a chang
Finfluencer star managers run billions on behalf of copycat investors... [more]"I began posting my trades on X because nobody seemed to be interested in what I was saying about dermatology," Wolff said. The CEO of Autopilot [a copytrading platform] reached out to me by direct message and asked if I might be interested in joining this new programme they were doing. I
Citadel Securities plots Asia push with hiring, office expansion... [more]Citadel Securities is expanding its Asia trading business, increasing its Hong Kong office space by 40% and adding nearly 100 people in the region this year for a total of about 400, with almost half of the new hires in Hong Kong. CEO Peng Zhao said the market maker, for which Asia is already the se
Why prediction markets and Wall Street pros so often fail to see what's coming... [more]Marks concludes by quoting the late Peter Bernstein: "Forecasts create the mirage that the future is knowable."
As evidence in support of his conclusion that predictions are difficult, Marks referred to the market-lagging performance of macro hedge funds - funds that are based on macro forecastin
Ramaswamy's biotech baggage haunted his political run... [more]Vivek Ramaswamy lost Ohio's governor's race Tuesday amid a surge of Democratic support. It ended pretty ugly.
In the final days before the midterm elections, six biotech leaders publicly urged him to withdraw a television ad featuring the estranged mother of his opponent, Amy Acton, arguing that
And, finally: Gotcha! (Twice)... [more]From Newsoftheweird: A woman who helped herself to nearly an entire bucket of candy at an Alabama home on Halloween has been fired from her job, AL.com reported. A homeowner's video footage showed two women coming onto a porch and taking the candy left out for trick-or-treaters. One of the two women
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.
RSS
