Opalesque Roundup: AI unwind meets record capital: Hedge funds post worst day since Covid as allocators keep writing tickets... [more]The AI unwind that began the previous week turned into a full-blown deleveraging this week. Goldman Sachs data showed global hedge funds suffering their widest one-day drawdown since the Covid crash, managers dumping technology stocks at the fastest pace since 2016, and short sales outpacing long pu

Man Group deepens Meiji Yasuda ties with $1.3 billion commitment and potential 5% stake... [more]Man Group PLC has expanded its strategic partnership with Meiji Yasuda Life Insurance Company, which plans to commit around $1.25 billion to its investment strategies and could acquire a 5% stake in the group. The Japanese insurer intends to increase its capital commitment to Yen 200 billion ove

Investors brace for US midterms uncertainty... [more]Investors are turning cautious ahead of the November 3 US midterm elections, holding cash and buying protection as Wall Street contends with rising oil prices, surging bond yields and a faltering AI trade. Melbourne-based VP Capital is keeping "dry powder" and moving away from high-growth businesses

Comment: Donald Trump will be humiliated within days, but the midterm elections will be good news for share prices... [more]It's a huge political story: the near certainty that the Democrats will take control of the House of Representatives and a chance that they will also capture the Senate. Either way, Donald Trump will be humiliated. But there's another story that hasn't attracted nearly as much attention - the finan

'Total meltdown' in riskiest debt unnerves market: Credit Weekly... [more]Stress is spreading through the lowest-rated corners of credit: yields on CCC-rated junk bonds have hit their highest since the pandemic, the average US high-yield risk premium reached a 17-month high, and primary markets saw the year's biggest number of pulled deals. High-yield investor Arini Capit

The reclusive quant billionaire coming into the light... [more]Peter de Putron has spent decades maintaining a low profile. But the scale of his interests is commanding new attention.

Why did Highbridge Capital Management founder Dubin step down from one of America's most famous hospitals?... [more]Highbridge Capital Management founder Glenn Dubin has stepped down from the board of trustees of New York's Mount Sinai hospital, where he had served since 2007 and was a vice-chair. His wife, Dr Eva Andersson-Dubin, also left the board of the Icahn School of Medicine earlier this year. Mount Sinai

Multicoin names HYPE top holding on October 19: What it means for the Hyperliquid price... [more]Multicoin Capital identified HYPE, the token of decentralized exchange Hyperliquid, as its largest hedge fund holding on October 19, with general partner Spencer Applebaum saying the firm bought the tokens on the public market. FalconX strategist Martin Gaspar said Hyperliquid's open interest nearly

Cramer beat the S&P at his hedge fund but advises retail to join the index... [more]Mad Money host Jim Cramer says his former hedge fund returned 24% a year over 14 years after fees, about triple the S&P 500's 8%, and he rejects the strict efficient markets hypothesis. Even so, he calls index funds the best choice for most people. He advised a caller's retiree girlfriend, who pays

Warren Buffett won his 10-year bet against hedge funds. Here's what the S&P 500 has done since it ended... [more]In December 2007, Warren Buffett bet that a low-cost S&P 500 index fund would beat a selection of hedge funds over 2008-2017. The index returned 125.8%, about 8.5% a year, while the five funds of funds chosen by Protégé Partners' Ted Seides returned between 2.8% and 87.7%. Buffett blamed

Bill Ackman says far-right ministers should not be in next Israeli gov't... [more]Pershing Square founder Bill Ackman said far-right Israeli ministers Itamar Ben Gvir and Bezalel Smotrich should not serve in Israel's next government. Writing on X two days before the general election, he said the two had caused Israel "enormous reputational damage." Ackman, who backed Trump's 2024

Singapore to start S$200m long-term investment fund for enterprises with longer, complex growth trajectories... [more]Singapore will launch a SGD200m Long Term Investment Fund for enterprises that need "highly patient" capital, such as firms with lengthy product development cycles or in niche and nascent sectors, Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong announced. Government-backed equ

Caledonia promises to back more stocks after year of horror returns... [more]Sydney hedge fund Caledonia, which invests for some of the city's wealthiest families, told clients in a confidential memo that it is "committed to broadening the long book over time" after a long run of poor returns and heavy redemptions. Funds under management have fallen to about $3.7bn from more

Hedge funds increase shorting of Australian stocks amid market volatility... [more]Hedge funds are sharply increasing bearish positions on Australian stocks, with short-selling activity nearly three times the levels seen at the peak of the COVID-19 pandemic and reaching well beyond the banking sector. The move is attributed to uncertainty over economic growth, shifting consumer be

And, finally: That's going to be expensive... [more]From Newsoftheweird: Two people suspected to be connected to a street-racing investigation in Phoenix, Arizona, fled a traffic stop, led detectives on a short pursuit and smashed into a Scottsdale Airport security gate. According to the Phoenix Police Department, members of the Street Racing Task