Silver Lake's endeavor demands Icahn forfeit profit on bet... [more]Endeavor Group Holdings Inc. is asking a federal court to order Carl Icahn's company and another hedge fund to give up any profits they make on arbitrage bets challenging its $25 billion buyout by Silver Lake, the latest move in an escalating legal fight over the deal.
Basis trade retreat spurs shift into new rate bets... [more]The Treasury basis trade, in which hedge funds buy cash Treasuries with repo financing and sell futures against them, is slowing, and capital is moving into other parts of the US rates market. Higher yields and financing costs, plus regulatory changes that let banks hold more Treasuries, have squeez
Oct. 27 has historically marked the stock market's autumn bottom... [more]Deutsche Bank's Jim Reid told clients that October 27 is historically when a typical year's final autumn dip bottoms out. The S&P 500 duly rose 0.6% to 7,722.60 that day, led by a 3.6% jump in the SOX semiconductor index. Reid's data going back to 1928 show the S&P 500 was higher over the three mont
Latham and Harvey agree partnership to develop AI tools for investment fund formation... [more]Latham & Watkins and Harvey are partnering to build AI tools for investment fund formation, integrating the firm's investment fund practice with Harvey's product and engineering team. The law firm says the partnership will work by combining its knowledge of market practice and fund complexit
Anthropic's $1.5T IPO may trigger rotation out of crypto and tech stocks, hedge fund says... [more]Anthropic's anticipated $1.5 trillion initial public offering could temporarily draw capital away from cryptocurrencies and high growth technology stocks as investors raise funds to participate in the listing, according to hedge fund Moon Pursuit Capital.Courtney Olujobi, a principal at the firm, to
Trian Fund Management offers to buy Wendy's for $1.4 billion... [more]Nelson Peltz's Trian Fund Management has proposed taking Wendy's private at $7.35 per share in cash. That values the burger chain at about $1.4bn, a premium of roughly 20% to Tuesday's close. Trian owns 16.3% including related parties. It is bidding with Flynn Group, which runs more than 340 Wendy's
Wendy's shares surge 16% on $1.4 billion takeover bid by Nelson Peltz's Trian Fund... [more]Wendy's shares jumped on Wednesday after Trian Fund Management disclosed a non-binding, all-cash proposal of $7.35 per share. The bid values the fast-food chain at $1.4bn, based on 194m fully diluted shares. The consortium of Trian, Flynn Group, BlueFive Capital and Sixth Street Partners says the de
Hunting alpha with AI: how hedge funds are rebuilding research teams... [more]Alpha is at its most competitive. In a world that is currently involved in many highly efficient markets, most alpha is also rapidly decaying. Portfolio managers and CIOs are thus faced with a stark truth that the information advantage they are seeking to identify from weeks of fundamental research
Basis trade retreat spurs shift into new rate bets... [more]Hedge funds shifting leverage to swap spread trades. But swap spread bets have bigger risk than basis trades. Basis trades will see resurgence again.
Galaxy Research says hedge funds cut 68,000 BTC of spot ETF exposure... [more]Galaxy Research's analysis of 13F filings shows nine hedge funds and banks cut about 68,000 BTC of spot bitcoin ETF exposure between September 2025 and June 2026. The sellers were Millennium, Brevan Howard, Goldman Sachs, Capula, Farallon, D.E. Shaw, Schonfeld, Symmetry and Tudor. Galaxy says the ex
Hedge funds sell, sovereign wealth funds buy as bitcoin ETF holdings reshaped... [more]Spot bitcoin ETF holdings reported by 13F filers fell about 14%, from 355,000 BTC at the end of September 2025 to 307,000 BTC at the end of June 2026, according to Galaxy Research. Nine institutions, including Millennium, Brevan Howard, Goldman Sachs and D.E. Shaw, cut a combined 68,000 BTC. Other i
And, finally: San Francisco company offering $20 an hour to walk robot dogs... [more]From UPI.com: A San Francisco tech startup posted a job listing offering $20 to dog walkers willing to spend four to six hours walking robot dogs.
The company, Dimensional, said in the since-deleted listing in the Bay Area Jobs group on Facebook that the robot dog walkers would be required to sp
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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