Other Voices: The Four Areas of Crypto Investments... [more]From Jeff Dorman, CFA: For years, one of the biggest challenges facing digital asset investors has been figuring out what exactly they should own. There are thousands of cryptocurrencies, hundreds of blockchain protocols, dozens of publicly traded companies, and seemingly endless new projects launch

Opalesque Exclusive: Resonanz Capital on building portfolios from a growing strategy universe... [more]Matthias Knab, Opalesque: With Jazz managing over EUR390 million, Vincent Weber discusses the judgment behind portfolio construction, what he underestimated about AI, and when earning risk premia calls for buying protection. Trading strategies are coming to market faster. Vincent We

Conference convos: 'Big winner' hedge funds top alts flows for private banks... [more]Hedge funds are accounting for some 40% to 80% of alts inflows. Beyond popular pod shops, gatekeepers share on allocations, from quant to Asia strategies.

IMF warns bond yields could see a 'disorderly' spike as debt, inflation risks worsen... [more]Sovereign bond risks have worsened as record debt leaves markets "susceptible to more frequent fiscal and inflation shocks," the IMF said. Heavy AI borrowing adds another source of strain to the market, competing with governments for investor demand. Hedge-fund positions leave Treasuries &

Goldman: The index is calm, but the positioning underneath it is getting violent... [more]Goldman Sachs' latest US Equities Weekly Rundown highlights the divergence between relatively calm equity indices and increasingly volatile positioning beneath the surface. Hedge fund exposure to the Magnificent Seven has reached a record 22% of US exposure in Goldman's prime brokerage book, even as

Hedge funds rising influence challenges old views of bond market intelligence... [more]James E. Thorne argues that the increasing control of hedge funds in the bond market undermines the longstanding belief that credit markets and bond vigilantes represent the smart money. Thorne suggests that when short-term, leveraged participants dominate, traditional assumptions about pricing and

Michael Burry's big short gets broader: Nvidia-heavy chip ETF, Nasdaq now in focus... [more]Michael Burry says almost all his short exposure now consists of put options on the Nasdaq-100 and the VanEck Semiconductor ETF, expiring in April and June 2027 respectively. Both positions are approximately 20% out of the money, reflecting his expectation that the market could reach a significant t

Alpaca prepares to enter prime brokerage for hedge funds... [more]Alpaca, the API-first brokerage startup out of San Mateo, is preparing to offer trade financing services to hedge funds. That puts it on a path into prime brokerage, a business long run by large banks.

Binance sees hedge funds explore crypto arbitrage opportunities... [more]Institutional interest in crypto trading venues is broadening as traditional hedge funds assess arbitrage strategies linked to instruments that mirror parts of traditional finance. Binance says the shift is being supported by deeper liquidity, continuous trading and weekend price discovery, even as

An ex-hedge fund quant founded a new systematic trading firm and wants 10 'interns'... [more]Adrien Chicot, a former Andurand Capital quant and École Polytechnique graduate, has founded systematic trading firm Borel Capital and is recruiting ten quantitative research interns. Each recruit will have six months to develop a trading model, with successful strategies receiving capital allocati

Two Sigma is raising the bar for interns after a very productive summer... [more]Quantitative hedge fund Two Sigma reported that many of its 82 summer interns completed their main assignments early and progressed to additional projects. The firm attributes their productivity partly to structured onboarding and training in large language models, and is placing greater emphasis on

Firmus flop fuelled by San Francisco investment giant’s cold feet... [more]Coatue Management was expected to spend up to $US1 billion ($1.43 billion) to buy shares in Firmus but instead allocated less than $US100 million for new shares, according to three people involved in the discussions who asked to remain anonymous because they were not authorised to comment.

Britain's wealth exodus is only going to get worse... [more]In her speech to close the Conservative conference, Kemi Badenoch's claim that Britain's "super wealthy" have all gone might have been a rhetorical flourish but the exodus of our millionaires is real and is only going to get worse. Britain suffered a tenfold increase in high-net w

Pictet to launch global bespoke investment division... [more]Pictet Asset Management is establishing a global division focused on developing tailored investment solutions for clients. Andrea Delitala has been selected to lead the new unit, which will focus on bespoke mandates rather than standardized investment products. The initiative expands Pictet's abilit

Time to tell US raider Saba Capital to get lost - again... [more]Activist hedge fund Saba Capital, led by Boaz Weinstein, is seeking greater control of Baillie Gifford US Growth Trust despite previous shareholder opposition to its campaigns against UK investment trusts. Saba owns almost 30% of the trust, which has delivered annualized returns of approximately 16.

Why Britain must slam the door on this US hedge fund raider... [more]The battle for control of the Baillie Gifford US Growth fund is far bigger than the fate of a single investment trust. In fact, the entire GPB270bn investment trust industry, which has been a wonderful feature of the London stock market since the 1860s, is at stake here.

Hedge fund shorts Australia's housing market, targets REA... [more]A Sydney-based hedge fund is targeting Australia's largest real estate listings company, REA Group, betting that the Reserve Bank's aggressive interest rate cycle and sweeping tax changes announced in the budget will intensify the slump in property prices.

And, finally: Not what you thought... [more]From Newsoftheweird: An "unexplained bulge" in a man's pants turned out to be 10 live birds, Local 10 News reported. On Oct. 4, Alberto Hernandez Castillo, 40, was pulled aside by U.S. Customs and Protection officers after he arrived at Miami International Airport. "During the interview, CBP offi