Opalesque Exclusive: Chessica market neutral hedge fund ready for upward stock correction... [more]B. G., Opalesque Geneva: "October offered equity traders a moment's respite from the otherwise relentless flogging it has had on offer throughout 2022," said Ben Crawford from hedge fund data provider BarclayHedge. "Wasting no time, risk appetites rebounded and the valuations o

$11tn alliance calls on private market asset managers to prioritize climate... [more]Laxman Pai, Opalesque Asia: Private markets' asset managers are "not up to speed" on integrating climate considerations into investment decisions, prompting a call to action by the UN-convened Net Zero Asset Owner Alliance (NZAOA). The asset owners alliance representing more than $11 tril

For sale: Heavily worn multi-strategy hedge fund... [more]From FT: In hedge fund land there are good successions (DE Shaw), there are looong successions (Bridgewater), and there are non-successions (Millennium's Izzy Englander seems intent on outlasting everyone). Then there's Sculptor Capital Management, with a succession so messy it's HBO-worthy. Las

Currency: Pound 'vulnerable' to further falls, warns hedge fund Rokos , Veteran trader Boaz Weinstein sees 200-to-1 payoff potential in Hong Kong dollar short, Morgan Stanley says HK dollar peg will stay, rebutting Ackman... [more] Pound 'vulnerable' to further falls, warns hedge fund Rokos From Telegraph: The pound looks "vulnerable" to further falls and the ensuing recession could have a serious impact on British society, the hedge fund of billionaire Chris Rokos has warned. Rokos Capital Management, which h

New Launches: Binance commits $1bn to crypto recovery fund, ARA reaches $1bn final close for SE Asia-focused fund, OTB Ventures launches $165m fund with fintech focus, Bybit launches $100m support fund for institutional traders... [more] Binance commits $1bn to crypto recovery fund From WSJ: Binance, the world's largest cryptocurrency exchange, pledged $1 billion to a recovery fund that will help promising crypto companies and projects that are in financial distress. Called the Industry Recovery Initiative, the fund

Institutional Investors: Where Australia's mammoth pensions industry is putting its money now, Saudi Arabia's PIF increases stake in Alphabet, Meta, New Mexico SIC supports Sandbrook's first infrastructure fund with $150m... [more] Where Australia's mammoth pensions industry is putting its money now From Bloomberg: Australia's mammoth pensions industry is rethinking investments from bonds to equities and cash to private markets as it steels itself for slower global growth. While the nation itself may yet skirt

Investing: Bill Ackman, macro tourist, is back: Short peg in a long-term hole, Ark Invest's Cathie Wood is betting on Elon Musk's plans for Twitter... [more] Bill Ackman, macro tourist, is back: Short peg in a long-term hole From FT: Bill Ackman is clearly a very smart guy. His hedge fund Pershing Square has notched up compounded net annual returns of over 16 per cent since 2004. Even this year his concentrated portfolio of big stocks is

SPACs: What's a $1.8m private jet bill between SPAC friends?, Excise tax may deter SPAC activity... [more] What's a $1.8m private jet bill between SPAC friends? From FT: Two of the wildest bubbles of recent years have been Spacs and crypto. Bitcoin miner Core Scientific last year went public through a BlackRock-backed special purpose acquisition company at a $4.3bn valuation. The company is

People: DWS head of investment division and former CIO Kreuzkamp exits firm after 24 years, Elliott's man Cocirio ready to leave the hedge fund to take on Chief Financial Officer position at AC Milan... [more] DWS head of investment division and former CIO Kreuzkamp exits firm after 24 years From Investment Week: Stefan Kreuzkamp, head of the investment division and former CIO of DWS, will be leaving the company by the end of 2022, after 24 years. The firm said Kreuzkamp had agreed to the co

Crypto: Crypto investor DCG?reveals web of investments between units, Russia intends to launch a 'national crypto exchange', Cardano DeFi project Ardana halts development, citing funding, timeline concerns, UAE regulator revokes FTX license amid the exchange's collapse, FTX hires former regulators to investigate what led to the crypto giant's bankruptcy, Binance.US to bid for crypto lender Voyager, CZ confirms... [more] Crypto investor DCG?reveals web of investments between units From FT: Crypto conglomerate Digital Currency Group used funds it borrowed from its struggling Genesis unit to invest in another subsidiary's products, highlighting the delicate links across billionaire Barry Silbert's empire.

Property: Property investors work to combat greenwashing allegations, Appetite for real estate among Asian rich remains high: Knight Frank... [more] Property investors work to combat greenwashing allegations From Asian Investor: Even as regulators crack down on the practice, accurately estimating the environmental and social impact of an investment remains challenging. Property investors in the Asia Pacific and Europe have emphas

Tech: How can AI and ML drive hedge funds?... [more]AI is increasingly being adopted by hedge funds to generate investment ideas, help with portfolio and investment decisions, for signal generation, to manage risk, and in some cases execute trades. As interest from managers grows, and as the technologies underpinning these strategies continue to

U.S.: Is Kohl's heading for another hedge fund battle? Analysts weigh in, Biden to target 'non-banks' like hedge funds... [more] Is Kohl's heading for another hedge fund battle? Analysts weigh in From Biz Journals: Kohl's Corp. should consider "more radical actions" to achieve a competitive position, one analyst says. David Swartz, an equity analyst at Morningstar Research Services LLC, shared that view in a n

Europe: Volume of EU financial regulation seems out of control, says Danish lobby... [more]From IPE: Insurance & Pension Denmark (IPD) made the comments yesterday, as it launched five proposals including a call for EIOPA's "increasingly detailed" guidelines to be opposed by the Danish government and Financial Supervisory Authority. IPD said rapidly-increasing EU regulation currently a

Asia: Alta launches in Malaysia, to further support tokenisation of alternative assets, China investors look for turning point after $370bn rally... [more] Alta launches in Malaysia, to further support tokenisation of alternative assets From NST: Alta, previously known as Fundnel, has announced the official launch of its brand in Malaysia following the acquisition of the leading private digital securities exchange, Hg Exchange (HGX). In

PE/VC: China startups raise $47.3bn VC funding during January-October 2022... [more]From Global Data: A total of 3,104 venture capital (VC) funding deals worth $47.3 billion were announced in China during January to October 2022, which is a decline of 12.1% in deal volume and 43.7% in terms of value compared to the same period in 2021, finds GlobalData, a leading data and analytics

Study: GIC: Building balanced portfolios for the long run... [more]From Top 1000 Funds: The steady increase in investors allocating more to private assets comes at the same time as a new period of heightened macro uncertainty including supply-driven inflation, less-credible central bank policy, rising real rates and slowing productivity growth. Navigating these

ESG: AP2 to focus climate efforts on driving down company emissions, What asset managers learned from COP27... [more] AP2 to focus climate efforts on driving down company emissions From IPE: Sweden's AP2 has been using a tool it developed itself to find out why its carbon footprint is shrinking, and as a result now focusing efforts on ensuring more of that shrinkage comes from companies getting their ow

Legal: Australia's watchdog freezes two Perpetual funds over high risks, Singapore police probe Hodlnaut for 'possible cheating and fraud'... [more] Australia's watchdog freezes two Perpetual funds over high risks From Bloomberg: The Australian Securities & Investments Commission has moved to freeze two funds run by one of Australia's largest wealth managers Perpetual Ltd., citing elevated risks embedded in both funds. ASIC on Fr

News Briefs: Researchers in banks could make $100k more in hedge funds, U.S. prosecutors target Russian assets, but legal hurdles loom... [more] Researchers in banks could make $100k more in hedge funds From eFinancial Careers: If you're an equity researcher in an investment bank, you might be doing it wrong. You could be earning far more on the buy-side. The 2022 equities compensation report from recruitment consultancy Dar

And, finally: Going green: You got to start somewhere... [more]From CNBC: In Norway, energy firm Equinor produced its first energy from floating wind turbines. Ironically, the turbines will be used to produce energy for Equinor's oil and gas fields in the North Sea. Equinor said power production from Hywind Tampen's first wind turbine took place on Sunday a