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Alternative Market Briefing Weekly

Opalesque Roundup: Crowded trades unwind, liquidations hit a 2009 high but allocators keep writing tickets

Saturday, November 14, 2026

In the week ending November 13th 2026, the hedge fund industry was still counting the cost of October. Stock pickers cut risk at the fastest pace in more than a decade, crowded AI positions kept unwinding after the US midterms, and multi-manager platforms pulled capital from teams that had lost money. Yet the same week also brought some of the strongest allocator signals of the year: Canada's largest pension plans to double its hedge fund book to USD 160 billion, Asian pensions are issuing new mandates, and the wealthiest families now hold more in alternatives than in traditional assets. Below is our review of the week, with links to the full stories on Opalesque.com.

Opalesque Exclusives this week

EXCLUSIVE - 11 November 2026 "It doesn't need to be a roller coaster": Emerging manager Suhail Ahmad prepares an ethical AI fund Daily moves of 5% to 10% have become routine in AI stocks. Suhail Ahmad of Hikmah Capital told Opalesque's Matthias Knab why he thinks investors can own the AI buildout without the ride. He is preparing a USD 200 million ethical AI hedge fund, domiciled in the BVI or Cayman, that pairs a macro-driven view of a 10- to 15-year AI cycle with quantitative hedging to limit drawdowns. Data center exposure comes through listed equities, keeping the strategy fully liquid. Ahmad also explains the capital-light operating model, built on agentic AI research tools, and a seed round targeted for February or March 2027.

EXCLUSIVE - 9 November 2026 ......................

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  1. Opalesque Exclusive: DACH institutions push alternatives to 32.3% of portfolios as hedge funds make a comeback[more]

    Matthias Knab, Opalesque for New Managers: Institutional investors in Germany, Austria and Switzerland now hold almost a third of their portfolios in alternative investments, and they are more confident than ever in

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    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

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    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

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    Matthias Knab, Opalesque for New Managers: Most multi-strategy funds promise diversification. Fewer can explain why their return streams should stay independent when markets turn. In an Opalesque SkillsLab investor

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    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m