October turned out to be one of the worst months for hedge fund stock pickers in a decade, and the first week of November made it worse. Goldman Sachs data showed fundamental and systematic long/short funds each losing more than 3% in the same month for the first time since its records began, net le

The week opened with hedge funds nursing their worst trend-following losses since 2024 and closed with a market positioned for a sharp reversal. In between, two of the industry's most dependable financing trades lost their shine, the lowest-rated corners of credit showed real stress, and a suspe

The AI unwind that began the previous week turned into a full-blown deleveraging this week. Goldman Sachs data showed global hedge funds suffering their widest one-day drawdown since the Covid crash, managers dumping technology stocks at the fastest pace since 2016, and short sales outpacing long pu

Two stories ran side by side this week, and they pointed in opposite directions. On the trading desks, the AI unwind turned violent again: Goldman Sachs prime brokerage data showed global fundamental long/short funds losing money every single day of the week, with Asia-focused stock pickers hit hard

The first week of the fourth quarter showed an industry pulling in two directions at once. Hedge funds piled back into the Magnificent Seven to the highest degree since early 2022, even as conviction across broader books stayed low and trend followers kept cashing in on the bond sell-off. Brazilian

A disorderly global bond sell-off sorted the hedge fund industry into winners and losers this week. Trend followers and the largest multi-managers held their ground, while concentrated rates bets were punished. Millennium's latest capital raise drew more than USD 30bn of demand, regulators on bo

The balance of power between hedge funds and their investors tilted further towards the managers this week. Point72 tripled its redemption period, inflows hit a twelve-month high and the redemption pipeline stayed near record lows. At the same time, regulators on both sides of the Atlantic turned th

EXCLUSIVE - 18 September 2026

Three currents ran through the week's reporting. Capital is arriving faster than the industry expected at the start of the year. The largest platforms are absorbing most of it. And an AI-led equity tape is quietly punishing the managers built to be indifferent to direction. Alongside those sat a

A week of rotation rather than retreat. Hedge funds spent late August and early September rebuilding the shape of their books, moving out of the crowded artificial intelligence complex and into healthcare, while the multi-manager platforms posted a notably quiet month. Beneath that, three structural

Week ending 28 August 2026 A week in which two stories converged on the same theme: what happens when confidence runs ahead of capacity. The US Treasury discovered that talking to the bond market is not the same as controlling it, and the SEC arrived at the wreckage of the year

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 sessio

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 f

One of the most consequential weeks of the year for the hedge fund industry. The unwind of Leopold Aschenbrenner's Situational Awareness fund dominated the tape, quant and multi-strategy managers separated sharply from concentrated AI books, a coordinated wave of cyberattacks hit US managers, an

A record-setting first half gave way to a genuinely turbulent week for hedge funds. The industry's most talked-about story was the near-collapse of Leopold Aschenbrenner's AI-focused fund Situational Awareness, which reportedly fell around 67 percent in July after a sharp reversal in arti

A record-breaking quarter collided with a summer of stress this week. Global hedge fund capital reached its highest level ever even as a crowded artificial intelligence trade unwound, Asian and Chinese quant strategies buckled, and the industry's talent and tax wars intensified across three cont

Hedge funds entered the second half of 2026 from a position of remarkable strength this week. Industry capital reached a record USD 5.22 trillion, redemption pressure fell to an all-time low, and June delivered the strongest monthly gains of the year. At the same time, the Gulf's transformation

Hedge funds have just delivered their best first half in 13 years, Millennium pods are printing billions, and the yen has sunk to a 40-year low - yet beneath the celebration, the industry is quietly splitting into AI winners and everyone else. This edition of Alternative Markets Weekly synthesizes t

Hedge funds closed out the first half of 2026 on a strong note, with broad-based gains across multistrategy platforms, macro and technology-focused managers even as regulators sharpened warnings about leverage, concentration and the financing structures behind the AI investment boom. Fundraising

EXCLUSIVE June 25, 2026 Julius Baer bets on resilience The Swiss private bank is positioning portfoli

Opalesque Exclusives this week EXCLUSIVE June 19, 2026 Fasanara lands at Rockefeller Center: world&

Markets spent the week balancing record private-market exuberance against mounting macro and concentration risk. This edition leads with five Opalesque Exclusives, then synthesises the week's industry flow across performance, capital, launches, macro, AI, regulation and digital assets.

This week in alternative markets, allocators kept rotating capital back toward liquid hedge fund strategies even as caution around private credit deepened, the multi-manager talent war intensified on several fronts, and digital assets entered a more reflective phase after a strong run. Opalesque'

Hedge fund redemptions reached their fifth consecutive five-year low in May even as equity markets navigated a complex backdrop of AI-driven earnings optimism and persistent geopolitical pressure from the Strait of Hormuz. The week produced significant regulatory action in prediction markets, a h

Hedge funds entered the third week of May riding a powerful wave: industry returns for April marked one of the strongest single months of the decade, allocators are accelerating private-credit buildouts, activist campaigns are reopening on multiple continents, and the regulatory chessboard in Washin

Alternative markets carried a constructive tone into the second week of May, with hedge funds extending an April rebound, multi-manager platforms competing for record-high talent budgets, and capital flows rotating into AI-linked equities, infrastructure and niche credit. Beneath the surface, howeve

Hedge funds emerged from April with one of their strongest monthly returns in years, and the early-May news flow reflected the resulting confidence. Multi-manager platforms entrenched their leadership, Asia took center stage with two notable cross-border deals, and regulators turned up the heat on p

Multi-manager consolidation reached a new milestone this week as Jain Global moved to return external capital and manage Millennium money exclusively, while a Grizzly Research short report rocked Partners Group and Lazard agreed to acquire placement-agent leader Campbell Lutyens. Politics swirled ar

Hedge fund AUM hits record USD 5.22 trillion as investors seek cover from Iran and AI disruption Global hedge fund industry capital reached a new all-time high of USD 5.22 trillion i

Geopolitical shocks from the Middle East conflict, a sharply weaker US dollar, and a fierce battle for institutional mandates all defined the week. Against this backdrop, hedge fund performance diverged sharply by strategy, with macro and long-short equity managers generating very different outcomes

Geopolitics dominated alternative markets this week as the Iran conflict entered its 37th day, macro funds navigated a brutal March postmortem, and a ceasefire-driven mid-week rally forced rapid short-covering across desks. Against that volatile backdrop, investor conversations turned to portfolio r

Iran war-driven volatility delivered the worst hedge fund drawdown since 2022, reshaping positioning across every major strategy even as a handful of managers capitalised on the dislocation.Capital rotated sharply into safety assets and energy, private credit faced fresh redemption pressure, and

Opalesque Exclusives Rising Tide No More: How Ironshield Stays Positive When Everything Else Falls In one of the week's most striking perfor

War dominates markets. The US-Iran conflict continued to define conditions across hedge fund strategies this week, forcing crowded positions to unwind, sending crude oil sharply higher, and compelling fund managers to reassess risk models built for calmer environments. Yet as the chaos deepens, a

Fraud Hijacked Board: How the CFA Institute Betrayed Its Own Gold Standard In a forensic investigation published March 13, Opalesque's Matthias Knab examines allegations of frau

A week defined by geopolitical shock and financial stress. The escalation of the US-Iran conflict threw hedge funds in the UAE into contingency mode, unravelled crowded emerging market positions built up over months, and exposed the fragility of the classic 60/40 portfolio. Elliott Management cement

HeadStart: The Fund of Hedge Funds That Tripled Its Benchmark Since 2009 This week's standout exclusive from

This report draws on daily intelligence and exclusive reporting from Opalesque.com - the leading source of hedge fund and alternative investment news globally. Visit opalesque.

This week in alternative markets: Hedge funds carry strong momentum from double-digit 2025 returns into the new year, but an intensifying AI valuation debate is forcing managers to navigate between opportunity and crowding risk. Capital flows are turning positive again with the SS&C GlobeOp Capital

Macro hedge funds captured exceptional returns during January's volatile market conditions, extending the strong performance momentum that defined 2025. Haidar Capital posted a remarkable 19 percent gain for the month, capitalizing on sharp movements across rates, foreign exchange and commodi

This week brought two major Opalesque Exclusives that reframe how institutional allocators should think about hedge fund manager selection. The first establishes mathematical proof that boutique managers outperform by 82-135 basis points annually. The second

The hedge fund industry demonstrated continued exceptional performance momentum as 2026 got underway, building on what industry observers are calling the strongest annu

Performance Milestones and Industry Highlights The hedge fund industry continued to demonstrate exceptional performance momentum as 2026 got underway, building on what industry observers are calling the strongest annual returns since the 2009 financial crisis. Hedge funds delivered thei

Performance Milestones and Industry Highlights The hedge fund industry continued to demonstrate exceptional performance momentum as 2026 got underway, building on what industry observers are calling the strongest annual returns since the 2009 financial crisis. Hedge funds delivered thei

PERFORMANCE: Macro Funds and Industry Close Strong Year Bridgewater Associates' flagship Pure Alpha fund gained 33% in 2025, marking one of its strongest years in more than a decade. The performance was driven by macro trades across rates, currencies, and commodities amid heightened