Opalesque - Opalesque Exclusive

Opalesque Exclusive: "It's like the Wild West": Why Apex Group built a family-to-family co-investment network

Tue, 25 Aug 2026 09:38:56 +0000

Matthias Knab, Opalesque: This August, Apex Group launched The Inner Circle, an invitation-only network capping membership at 100 qualified family offices and select institutional allocators. The proposition is unusually spare for a private markets venture: direct family-to-family co-investment, with no GPs, no syndication layer and no externally sourced deal flow...
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Coinbase brings tokenized US stocks onchain, but only outside America

Tue, 25 Aug 2026 03:21:06 +0000

Matthias Knab, Opalesque for New Managers: Coinbase has moved its tokenized US equities natively onto Base, its own Ethereum layer-2 network, putting shares of Apple, Nvidia, Meta and Alphabet onchain for eligible users outside the United States. The tokens went live on 24 August under the tickers AAPLc, NVDAc, METAc and GOOGLc, with the company signalling that more names will follow in the coming...
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Opalesque Exclusive: Quick Commerce, Niche Lenders, and India's Hidden AI Plays Inside Duro Capital's Portfolio

Mon, 24 Aug 2026 11:00:56 +0000

Matthias Knab, Opalesque: In the first two articles of this series - Part 1 and Part 2 - Duro Capital's Nishchay Goel and Parikshit Shah laid out the paradox of Indian markets in 2026: record foreign outflows of $30 billion in six months colliding with a bottoming earnings cycle, credit growth back to 16-17%, and reforms flowing straight into corporate P&Ls. In this final article, they...
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Opalesque Roundup: Worst relative month in twenty years - and allocators bought anyway: hedge fund news

Mon, 24 Aug 2026 10:09:27 +0000

A week in which the industry's July reckoning finally showed up in the data, and the numbers were stranger than the headlines. Hedge funds recorded their sharpest underperformance against the S&P 500 in more than two decades of Goldman Sachs records, quants suffered their worst single session in two years, and yet allocators kept writing cheques at a pace not seen in a year...
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Opalesque Exclusive: Crypto investors finally discovered the P/E ratio

Tue, 18 Aug 2026 01:19:30 +0000

Matthias Knab, Opalesque for New Managers: The argument that digital assets should be valued like any other cash-flow producing asset has been made for years by a handful of managers, mostly to an audience that was not listening. It is now going mainstream - and according to Los Angeles-based digital asset manager Arca, it is arriving at precisely the moment the underlying assets have matured enou...
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Opalesque Roundup: Money keeps flowing to hedge funds as July's damage is counted

Mon, 17 Aug 2026 07:19:27 +0000

July's damage was still being counted this week, and the counting produced a more interesting picture than the headlines. Managers cut borrowing without cutting conviction, allocators kept sending money in, and the talent market carried on as though nothing had happened - while regulators drew fresh lines around who qualifies for what. Opalesque Exclusives this week EXCLUSIVE 14 Aug 202...
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What OpenAI's executive exits mean for the largest tech listing in history

Sat, 15 Aug 2026 03:29:05 +0000

OpenAI lost its chief operating officer and its chief revenue officer within 48 hours this week, capping a month in which the company also removed the independent reporting line for its safety organization and saw its head ethicist, its head of safety systems and its chief futurist all walk out the door. The company is preparing for what would be the largest technology listing in history. Investo...
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World's largest CLO ETF passes $30bn: What allocators should watch next

Fri, 14 Aug 2026 01:47:50 +0000

Matthias Knab, Opalesque: Janus Henderson Investors announced this week that its AAA CLO ETF (JAAA) has surpassed $30 billion in assets under management, making it comfortably the world's largest collateralized loan obligation ETF and the second-largest active fixed income ETF by assets. The fund has taken in more than $5.7 billion in net inflows in 2026 alone, as of August 10. The headli...
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Opalesque Exclusive: From Outflows to Upturn - Duro Capital on the data behind India's recovery

Wed, 12 Aug 2026 05:38:06 +0000

Matthias Knab, Opalesque for New Managers: The Macro Turn: Credit, Consumption, Reforms - and the Currency Question By Matthias Knab, Opalesque In the first article of this series, Nishchay Goel, Founder and CIO of Singapore-based Duro Capital, reconstructed how a prudent central bank slowdown and AI-driven benchmark rebalancing produced the largest foreign outflow from Indian equities this cent...
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Damodaran on Situational Awareness: The problem isn't the AI bet, it's what conviction does to position sizing

Tue, 11 Aug 2026 02:38:12 +0000

Matthias Knab, Opalesque for New Managers: Aswath Damodaran, the NYU Stern valuation professor whose annual data updates have become a fixture of the finance calendar, published a post-mortem on the Situational Awareness collapse on August 10. Readers expecting a takedown will not find one...
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