NBA becomes third major league to sign prediction market integrity pact with CFTC... [more]Matthias Knab, Opalesque: The Commodity Futures Trading Commission (CFTC) and the National Basketball Association (NBA) have signed a Memorandum of Understanding (MOU) to protect the integrity of professional basketball in prediction markets. The NBA is now the third major US sports league to for
Trend hedge funds saw worst week since 2024 as AI stocks fell... [more]Trend-following hedge funds had their worst week in two years, a Goldman Sachs note shows, as worries about whether heavy AI spending will pay off shook stocks and bonds. Systematic long/short funds fell 2% in the week, their worst since 2024, and fundamental long/short funds lost another 1.1%. The
Cracking AI trade has Wall Street looking for a hedge. An ex-Citadel quant may have the answer... [more]Hyperbolic is a startup with about 50 staff, led by 31-year-old former Citadel Securities quant researcher Jasper Zhang. It runs a spot marketplace for GPU computing capacity, with its Forge software layer providing standardized trading and remote access to clusters. The company has raised about $20
Hedge fund veteran: SpaceX is the "most egregiously overpriced company" in market history... [more]George Noble, who ran Fidelity's Overseas Fund and later founded Teton Partners, told Bloomberg Surveillance that SpaceX is "the most egregiously overpriced company at scale in the history of capital markets." Q3 revenue jumped 161% to $14.6bn, but the stock gave back a 9% post-earnings gain the nex
Former Erdogan adviser jailed in Turkey's investment fund investigation... [more]Ertan Aydın, a former AKP lawmaker and Erdogan's chief political adviser from 2012, was jailed in the Istanbul prosecutor's probe into investment funds. A court had first ordered house arrest and a travel ban, but after an objection to that ruling he was detained again in Ankara and an Istanbul jud
Apollo deepens Abu Dhabi ties with strategic investment in Mubadala Capital... [more]Apollo Global Management is buying a minority stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi's Mubadala wealth fund, and will commit capital across its investment strategies. Together with other strategic investors, who will also become minority shareholders, Apollo is
Hang Seng investment arm to merge with HSBC's asset business, sources say... [more]HSBC will fold Hang Seng Investment Management, which has about $50bn in assets, into HSBC Asset Management, which manages about $876bn, according to two people with direct knowledge of the matter. It would be the first business-line integration between the two banks since HSBC took Hang Seng privat
And, finally: Of course they must be sued now... [more]From Newsoftheweird: In Austin, Texas, a customer is suing Torchy's Tacos for $250,000 after finding a cow's tooth in their taco, KVUE reported on Oct. 15. According to the lawsuit, the customer was "grossed out and sickened" after discovering the bovine tooth in the barbacoa taco they ordered. That
In an era of deepfakes, phantom fortunes, and narrative warfare, the challenge of distinguishing reality from illusion has never been more acute. For those stewarding generational wealth, the stakes are existential. This 11th edition of Horizons delves into the critical quest for clarity, offering a toolkit to navigate a world rife with deception and to build a foundation of verifiable trust.
Our journey begins with a chilling investigation into
Opalesque has been publishing Technical Research (chart analysis) since April 2006. Opalesque Technical Research offers technical chart analysis with a global perspective on all major markets, including Equity Indices, Fixed Income, Currencies, and Commodities.
Opalesque Technical Research is unique compared to most available research which is fundamental in nature, and not technically (chart) oriented. In addition, most current available research is mainly equity based, and not global in nature.
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