Leverage in, hedges out: what July's ETF flows reveal about positioning... [more]Matthias Knab, Opalesque: Two numbers tell the story of July in the global ETF industry, and they point in opposite directions. Investors put an estimated $293.1bn of new money into exchange-traded funds over the month. Assets under management still fell, from $22,095.8bn at the end of June to
FSB chair: Frontier AI is now the most immediate cyber threat to the financial system... [more]Matthias Knab, Opalesque: The Financial Stability Board has put frontier artificial intelligence at the centre of its risk agenda for the first time, warning G20 finance ministers that the most advanced AI models are already changing the arithmetic of cyber risk - and that most jurisdictions h
P&I hedge funds: Risk mitigation, CTA, macro, SWIB... [more]Geopolitical uncertainty, market volatility and concerns around artificial intelligence market concentration are pushing institutional investors to look at hedge funds for risk mitigation.
Capula hedge fund launches quantitative commodities trading strategy... [more]Capula Investment Management has launched the Capula Alternative Markets Alpha Fund, a systematic commodities strategy that represents a move beyond the $35 billion firm's traditional focus on bonds and currencies. Led by quantitative trading veteran Yao Hua Ooi, the strategy uses algorithmic models
David Einhorn's new PayPal bet faces its first test after Stripe deal collapses... [more]David Einhorn's DME Capital Management disclosed a new 1.4 million-share PayPal stake shortly before the payments company's shares fell after Stripe and Advent International abandoned a proposed $60.50-per-share takeover. Einhorn's position appears to predate the takeover-driven rally, leaving the v
Ex-ING trader Alfonso Peccatiello's hedge fund crosses $100m after fresh funding... [more]Alfonso Peccatiello's macro hedge fund Palinuro Capital has surpassed $100 million in assets after securing $75 million from a North American pension fund, taking total AUM to around $120 million. The fund, launched in January 2025, returned 6% through July 31 this year and nearly 16% between August
Who is buying U.S. Treasury debt now, and why it matters for yields... [more]Foreign investors still own roughly 40% of US Treasuries, but the composition has shifted significantly from central banks toward private investors: by mid-2025 foreign private holdings were about $7 trillion versus $3.9 trillion for official institutions. With marketable Treasury debt above $30 tri
Billionaire hedge fund manager bets on ex-Bitcoin miners... [more]Dan Loeb's Third Point invested in four Bitcoin miners pivoting toward AI infrastructure during the second quarter, increasing its Hut 8 position to $151.8 million and opening stakes in Riot Platforms, Core Scientific and Applied Digital. The hedge fund also invested in Jack Dorsey's Block, giving T
Billionaire tech mogul Peter Thiel bought 8 new stocks in Q2. They all have a common theme.... [more]Peter Thiel's Thiel Macro resumed buying in the second quarter after several relatively inactive quarters, investing more than $418 million across eight new stocks. The positions share an AI-power theme, including Amazon, Vista Energy, Vistra and American Electric Power, reflecting a bet on the enor
Providence Investment Board accepts $647M pension report, delays rebalancing, approves trust review... [more]Providence's pension fund ended July at about $646.6 million with an 8.4% year-to-date return, and its investment board decided not to rebalance the portfolio until next month. Consultants said the portfolio held up better than its benchmark during a difficult July partly because of outperforman
Ripple is now brokering Wall Street equities. Where does XRP fit?... [more]Ripple Prime has opened a Delta One desk allowing hedge funds and other institutions to obtain swap exposure to equities such as Apple and the S&P 500 as well as digital assets without owning the underlying securities. XRP can serve as collateral rather than an asset Ripple needs to buy, while the f
City firms scramble to prepare as FCA cracks down on 'rolling bad apples'... [more]Hedge funds, insurers, pension funds and other UK financial firms are racing to complete misconduct investigations before expanded FCA rules take effect in September. Nearly 40,000 companies will be expected to report serious non-financial misconduct such as bullying, sexual harassment, racism, viol
Prince Harry, Meghan's expensive move to Britain 'backed by' billionaire pal... [more]British hedge fund billionaire Ian Wace is reportedly helping finance Prince Harry and Meghan Markle's move back to the UK, according to sources cited in reports about the couple's return. Wace, co-founder of Marshall Wace, has known the Sussexes for years, and Harry, Meghan and their children repor
Türkiye introduces tougher limits for hedge funds to curb lopsided positions... [more]Türkiye's Capital Markets Board has tightened hedge fund rules to restrict concentrated positions in individual companies and increase requirements for portfolio managers. Depending on a company's free-float ratio, individual funds will generally be limited to 2%-8% of freely traded shares, while l
Fedorov: Defense tech investment fund in the works, 3 key focus areas identified at start... [more]Former Minister of Digital Transformation of Ukraine Mykhailo Fedorov reported plans to create a new defense technology investment fund, which at the start would focus on battlefield robotics, the development of jet-powered interceptor drones, and low-cost AI-enabled missiles. He wrote on his Teleg
Hong Kong's long-term wealth hub status safe from mainland investment curbs: JPMorgan exec... [more]Beijing's tighter controls on offshore investment and a new tax approach to gains on overseas insurance policies may create short-term uncertainty but will not derail Hong Kong's long-term position as a wealth-management centre, according to JPMorgan Hong Kong CEO and North Asia chairwoman Kwang Kam
And, finally: It's fun, but is it a "sport"?... [more]Three men jumped onto a massive airbag on a body of water in Switzerland and launched a fourth man to a record-breaking height of 92.58 feet in the air. Swiss man Luc Siegenthaler, German Lennart Florczak and American Tristan Kuhn jumped onto the airbag in Brunnen, Schwyz, on Aug. 9, and launched Sw
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..
