Other Voices: How AI is changing investment manager DDQs and RFPs... [more]By Don Steinbrugge, founder and CEO at Agecroft Partners, a global hedge fund consulting and marketing firm. AI is changing many aspects of the investment industry. One area where the impact is already becoming clear is investment manager due diligence questionnaires (DDQs), requests fo

Hedge funds pull in $13bn in H1 2026 as inflow streak reaches six quarters... [more]Matthias Knab, Opalesque for New Managers: Hedge funds took in $13bn of net capital during the first half of 2026, putting the industry on course for a second consecutive year of positive capital raising, accordi

How foreign investors use ETFs to dodge taxes... [more]Foreign investors have increasingly used US-listed exchange-traded funds to reduce or eliminate taxes that would otherwise apply to investment income and estates. The strategy exploits differences between the tax treatment of directly owned US securities and fund structures, illustrating how the ETF

Bobby Jain's hedge fund made $1.8bn as Millennium cash rolls in... [more]Bobby Jain's multistrategy hedge fund generated about $1.8 billion in trading profits during the roughly two years it managed outside investors' money. Jain Global has now completed an arrangement struck in April to replace at least $5 billion of client capital with money from Millennium Man

Jain Global posts $1.8bn in gross trading profits over two years, but net returns tell a different story... [more]Bobby Jain's Jain Global generated about $1.8 billion in gross trading profits over its first two years, but external investors received net returns of only 0.5% in 2024 and 3.7% in 2025 after fees. The hedge fund, which launched with $5.3 billion in July 2024 and grew to around 400 employees an

Appaloosa dumps fastest-growing U.S. stock while dramatically boosting AI exposure... [more]David Tepper's Appaloosa Management sold its entire SanDisk position in the second quarter after the stock had surged more than 500% in 2026. At the same time, roughly 77% of the hedge fund's more than $7.7 billion equity portfolio was invested in companies for which AI is a major growth dri

Druckenmiller still isn't buying Nvidia. But he just opened a position in a challenger that's soared more than 100% this year.... [more]Stanley Druckenmiller's Duquesne Family Office opened a position in Advanced Micro Devices during the second quarter, choosing an Nvidia rival whose shares have more than doubled this year. Druckenmiller sold his Nvidia position in 2024 after concluding its valuation had become too rich, and des

Bessent says Trump administration has 'no plans' to suppress long-term bond yields... [more]Treasury Secretary Scott Bessent said the Trump administration has "no plans" to suppress long-term Treasury yields and defended expanded bond buybacks as a tool for improving market liquidity rather than manipulating prices. Speaking during the G20 finance ministers' meeting, Bessent also said his

What would Bessent the vigilante have done to Treasury Secretary Bessent?... [more]Treasury Secretary Scott Bessent has rejected Stanley Druckenmiller's charge that Washington is managing the price of long-term US debt, arguing that hedge funds "like to speed things up" while his job is to keep markets focused on fundamentals. The article contrasts Bessent's current defense of Tre

No shortage of culprits in panic over long US Treasury yields... [more]Long-term US Treasury yields are unlikely to retreat quickly because the selloff reflects both near-term inflation concerns and structural problems surrounding massive government borrowing and a changing investor base. Traditional foreign central-bank buyers have increasingly been replaced by price-

Treasury Department proposes guidelines for future Trump Account investment options... [more]The Treasury Department and IRS have proposed rules that could broaden the investments available through Trump Accounts while requiring eligible funds to remain low-cost and broadly diversified. The default investment is State Street's SPDR Portfolio S&P 500 ETF, while IVV, VTI, SPTM and ITOT are am

'A Roth IRA on steroids': Wealthy Americans find another tax-free way to invest... [more]Wealthy Americans are increasingly using private-placement life insurance to hold hedge funds, private credit, private real estate and other investments whose gains can compound tax-free inside an insurance policy. The structures, sometimes described as a "Roth IRA on steroids," generally require in

SEC, CFTC again extend Form PF compliance deadline... [more]The SEC and CFTC have extended the compliance date for amendments to Form PF from Oct. 1, 2026 to July 1, 2027. The regulators said the extension will prevent private fund advisers from incurring potentially significant implementation costs while they consider an April proposal that could amend or e

Tax Court applies anti-abuse rule to basket swap transaction: Implications for hedge fund strategies... [more]The US Tax Court denied about $170.8 million in qualified dividend income treatment and roughly $25.6 million in foreign tax credits arising from a basket swap involving Swiss equities. Although the transaction passed the mechanical "substantial overlap" test, the court found that an anti-abuse rule

Hedge funds are hiring natural gas traders as Europe braces for winter... [more]Hedge funds are recruiting natural gas portfolio managers as tight European supplies and approaching winter increase the prospect of price volatility. Balyasny has hired former DRW natural gas trader Sayan Palchowdhury in New York, while Millennium has hired DRW's Andrew Mugica; DRW has suffered a s

CME Group fines, suspends two hedge fund traders for engaging in disruptive practices... [more]International derivatives marketplace CME Group has posted notices of disciplinary action against two hedge fund traders - Bernie Yu and Jeffrey Liu. Pursuant to an offer of settlement in which Bernie Yu and Jeffrey Liu neither admitted nor denied the rule violations or factual findings upon whi

Mudrick Capital names Scot Pasquale CFO as investment platform expands... [more]Mudrick Capital Management has appointed Scot Pasquale chief financial officer, effective Sept. 1, as the New York event-driven investment firm continues expanding its platform. Pasquale, who spent more than 18 years at Marathon Asset Management and served as its CFO and an Executive Committee membe

Adapt latest hedge fund to open Abu Dhabi office... [more]Swiss derivatives investment manager Adapt IM is opening an office in Abu Dhabi Global Market as part of an expansion of its global operations. The firm manages about $2 billion, and Daniel Mullarkey will lead the new office, its fourth globally after Geneva, Zug and New York, focusing on investment

Susquehanna targets Hong Kong expansion to tap China ETF boom, sources say... [more]Susquehanna International Group plans to roughly triple its Hong Kong office space as part of a major hiring push aimed at expanding its Asian operations and tapping China's rapidly growing ETF market. The US trading firm currently occupies less than 20,000 square feet and is considering taking thre

H.I.G. Capital hires head of Asia... [more]H.I.G. Capital has appointed Younghee Choi as head of Asia within its Capital Formation Group, based in Hong Kong, to lead fundraising across the firm's private equity, credit and real assets strategies. Choi joins the $75 billion alternative investment manager from Blackstone, where she was a senio

Ex-Man Group head of business development joins Dymon Asia... [more]Singapore-based Dymon Asia has hired former Man Group global business development head James Pinney as head of equity business development for Europe as the $9 billion hedge fund prepares to open a London office. Dymon has also recruited Bernie Ahkong from UBS O'Connor to lead London, former Eisler

KRX chief courts CalPERS for bigger bet on Korea... [more]Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

Citadel CEO Ken Griffin lends a rare da Vinci to the Met... [more]Ken Griffin has acquired something few private art collectors in the world can claim to own: a rare painting attributed to Leonardo da Vinci and his studio. And instead of keeping it behind the walls of one of his Miami homes, he is sharing it with the public. The rarely seen work, Madonna of the Y

And, finally: Yo, listen, you got so many socks here!... [more]From UPI: A South Carolina man attempting to break the Guinness World Record for the largest collection of socks said he has surpassed 2,000 pairs. North Augusta resident Darryl Parker, a retired firefighter and paramedic, said his sock collection started with a Father's Day gift, and then he starte