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

Nine in 10 UK charities plan to raise hedge fund allocations over next two years... [more]Matthias Knab, Opalesque for New Managers: UK charities are preparing one of the most one-sided allocation shifts seen in the sector for years, and alternatives are the main beneficiary. Not a single charity surveye

Insurers pile into deals allowing banks to offload default risk... [more]Market for synthetic risk transfers has boomed in recent years, with insurers now offering banks unfunded structures.

Scott Bessent, Stanley Druckenmiller and a hedge-fund legend hoist on his own petard... [more]Stanley Druckenmiller is publicly challenging his former protege Scott Bessent over the Treasury's decision to double long-dated bond buybacks from $2 billion to at least $4 billion per operation. Druckenmiller, who worked alongside Bessent under George Soros and helped execute the famous 1992 sterl

How Scott Bessent is getting ready to slam Wall Street's 'bond vigilantes': 'Fear of God'... [more]Treasury Secretary Scott Bessent is determined to put the "fear of God" into bond vigilantes selling long-dated Treasurys, according to people familiar with his thinking. Bessent is particularly concerned that continued selling could push the 10-year Treasury yield toward 5%, increasing mortgage and

Beware hedge fund managers trashing US policy... [more]Stanley Druckenmiller has criticized Treasury Secretary Scott Bessent for intervening in bond markets, arguing that efforts to suppress long-term interest rates could worsen inflation. Reuters Breakingviews cautions that hedge fund managers including Druckenmiller, Paul Singer, Seth Klarman and Bill

Hedge fund boss used AI to write White House attack article... [more]Billionaire hedge fund manager Stanley Druckenmiller acknowledged using AI to help write his Wall Street Journal article criticizing Treasury Secretary Scott Bessent's $4 billion bond-buying plan. Druckenmiller defended the practice by comparing AI with using a calculator for mathematics, while the

Einhorn Vs. Musk: Hedge fund manager says SpaceX IPO was 'meme-ification of the market'... [more]Greenlight Capital founder David Einhorn called SpaceX's IPO "a marker that a speculative top is near" and questioned its valuation, index inclusion despite a free float below 5%, and investment-grade credit ratings despite negative free cash flow. Einhorn also challenged Elon Musk's forecast that S

Hedge fund giants stand to gain from CoVolt IPO... [more]Entities affiliated with Davidson Kempner Capital Management and Man Group are among the investment funds positioned to benefit from CoVolt Power's planned IPO. The energy company has filed initial plans to go public after being formed through transactions earlier this year, giving the hedge fund fi

$2 billion crypto VC RockawayX targets $150 million for new hedge fund... [more]RockawayX, the Prague-based digital-asset investment firm managing about $2 billion, is seeking $150 million for a new liquid opportunities fund after acquiring crypto hedge fund Relayer Capital. Relayer founder Austin Barack will lead the vehicle, which will invest in undervalued tokens and crypto-

Bitcoin News: ETF demand and short covering power August rally... [more]Bitcoin climbed above $80,000 to a more than three-month high, gaining 16% over the previous week as spot Bitcoin ETF demand and the unwinding of bearish positions fueled the rally. US spot Bitcoin ETFs recorded $517 million of net inflows on Aug. 19, while roughly $1.5 billion of Bitcoin short posi

Hedge fund Citadel hired Citi's psychotherapist for its expanding array of in-house health clinics... [more]Citadel has hired a psychotherapist from Citi for its expanding network of in-house health clinics, part of the hedge fund's broader effort to provide healthcare and wellness services directly to employees. The hire adds mental-health expertise to an employee-benefits infrastructure that increasingl

Maroon 5 played a hedge-fund guy's birthday - the whole town showed up... [more]Hedge fund manager Joseph Healey hired Maroon 5 to perform at his 60th birthday celebration at his waterfront home in Narragansett, Rhode Island, with thousands of members of the public able to watch the performance for free from the adjacent town beach. The event continued Healey's once-a-decade tr

Draghi's new group on European sovereignty opens with Swiss HQ, US tech and failed AI hedge fund... [more]Mario Draghi's newly launched Rhine Group, co-chaired with Stripe co-founder Patrick Collison, aims to turn Draghi's 2024 European competitiveness report into concrete reforms. Critics have pointed to its Swiss headquarters, reliance on US technology infrastructure and inclusion of Situational Aware

Optiver hired the ex-trader that led hedge fund Eisler Capital's international expansion... [more]Optiver has hired a former Eisler Capital trader who played a leading role in the hedge fund's international expansion. The move gives the proprietary trading firm an experienced hire from the hedge fund sector as competition for senior trading talent continues across market makers and alternative i

Saba accuses Gore Street Energy Storage board of ignoring engagement requests... [more]Saba Capital has accused Gore Street Energy Storage Fund's board of ignoring repeated attempts at engagement, saying it wrote privately twice this year, first seeking a tender for a new manager and later warning that the fund's revised strategy would not address its discount. Saba, which has built a

The world's biggest hedge funds and the UAE's new financial geography... [more]Dubai and Abu Dhabi are evolving from fundraising destinations into operating centers where global hedge funds place investment, research, risk and technology teams. DIFC had 102 hedge fund managers at the end of 2025, including 81 managing at least $1 billion, while firms including Citadel, Point72

Family offices cheer MAS' lifting of precious metals cap, but do not expect a gold rush... [more]Singapore's family offices and fund managers welcomed MAS's removal of the 5% cap on physical precious metals held by funds qualifying for the Section 13O and 13U tax exemptions. The restriction was removed from Aug. 1, giving managers greater portfolio flexibility and potentially supporting Singapo

Hedge fund SPX Capital loses Singapore traders during pullback... [more]Brazilian hedge fund SPX Capital has lost Singapore-based portfolio managers Predee Anuvatnujotikul and Garret Mallal as it reassesses its global operations. Senior trader Soh Yang Yao has also left and joined Marshall Wace, while former Singapore CEO William Bethlem moved to New York; SPX, which ma

Hong Kong's Anther Capital makes multi-billion dollar bet on AI... [more]Hong Kong-based Anther Capital is making a multi-billion-dollar investment push into artificial intelligence as the investment firm seeks to capitalize on the sector's rapid expansion.

Future Fund hits record $289 billion as CEO steps down... [more]Australia's Future Fund returned 14.8% in fiscal 2026, adding $37.4 billion and taking its assets to a record $289 billion as chief executive Raphael Arndt prepares to step down in December after almost two decades at the organization. Commodities including gold and energy, geographic positioning an

L1 Capital takes major stake in embattled Lendlease... [more]Hedge fund L1 Capital has increased its holding in Lendlease from 6.6% to 10.8%, becoming the property developer's largest shareholder. The investment comes after Lendlease reported a $749 million annual loss and its shares fell sharply, while short interest has also risen as new CEO Nick O'Neil wor

Coming to a farm near you: The $14trn El Nino climate shock... [more]The article examines the potential economic and agricultural consequences of what could become the strongest El Nino in more than a century, warning that climate-related disruption could create a shock measured in trillions of dollars. It considers how extreme weather could affect farms, food suppli

And, finally: The butterfly effect, this time from a snake... [more]From Newsoftheweird: A 8-foot python was the source of overnight chaos at Forest Middle School in Bedford County, Virginia. While inside the school, the escaped snake knocked over a heat lamp, starting a fire, which triggered the school's sprinkler system and alerted the fire department at 12:31