The Big Picture: Understanding the India opportunity set: built, not borrowed - and barely owned... [more]Matthias Knab, Opalesque for New Managers: Over 2025 and 2026, foreign investors pulled more than $40 billion out of Indian equities, and India trailed the broader emerging markets by one of the widest margins in

Opalesque Roundup: Hedge funds lock up capital as leverage, talent and tax redraw the map... [more]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

Millennium's new cash raise draws USD30 billion in client demand... [more]Millennium Management's latest capital raise attracted more than USD30bn of investor commitments, well above the USD20bn it initially sought, underscoring surging demand for the largest multistrategy hedge funds. The USD97bn firm ultimately plans to take about USD22bn and is also exploring addit

Adam Levinson's Graticule returns to $3bn in assets after SVB-triggered hedge fund collapse... [more]After shutting its flagship hedge fund in 2023 following heavy losses tied to Silicon Valley Bank's collapse, Singapore-based Graticule Asset Management Asia is back to managing $3 billion. The firm has rebuilt its business through separately managed accounts rather than a traditional hedge fund str

Providence Investment Board hears Renaissance exit plan... [more]Consultants told Providence's Board of Investment Commissioners the city retirement fund is up 10.3% this year. They said they are preparing a recommendation to replace hedge fund manager Renaissance.

Galaxy Digital preps USD100m hedge fund for long-short crypto bets... [more]Mike Novogratz's Galaxy Digital is preparing a USD100m hedge fund designed to profit from both rising and falling crypto prices. The fund, led by Joe Armao, has secured USD100m in commitments from family offices, high-net-worth individuals and select institutional investors and plans to allocate

Citadel expands quant AI talent... [more]Citadel is expanding its quantitative investing operation and widening its search for talent to artificial-intelligence labs as hedge funds compete with Silicon Valley for researchers. Navneet Arora, who leads Citadel's Global Quantitative Strategies business, says the firm is increasingly looking f

Ex-Taula trader Matteo Sardo gazumps Point72 to join Millennium... [more]Former Taula Capital portfolio manager Matteo Sardo has abandoned an agreed move to Point72 Asset Management and will instead join Millennium Management. The rates trader's move highlights the increasingly aggressive hedge fund talent war, in which firms are offering better deals to portfolio manage

Tremors from AI to oil boost popular hedge fund dispersion trade... [more]Wild moves in individual stocks driven by AI enthusiasm and disruption fears, geopolitical developments and higher bond yields are creating favorable conditions for dispersion trading. Hedge funds are seeking to profit from widening differences between winners and losers within sectors such as techn

Bill Ackman warns Fed may have made a mistake, says AI could break its inflation model... [more]Pershing Square founder Bill Ackman has questioned whether the Federal Reserve's latest rate decision was a mistake and argues that artificial intelligence could undermine traditional assumptions about inflation. Ackman says rapid AI-driven productivity improvements could fundamentally alter the rel

The biggest donor in L.A. mayor's race runs a hedge fund - and wants more bike lanes... [more]Hedge fund manager Aaron Sosnick, who runs A.R.T. Advisors, has contributed USD4m to two independent expenditure committees supporting Los Angeles mayoral candidate Nithya Raman, making him the race's biggest individual contributor. An avid cyclist, Sosnick gave USD3m to a carpenters-backed committe

Prosecutors seize bank accounts of Montana firm linked to Tether... [more]US federal prosecutors have seized bank accounts belonging to a Montana company linked to cryptocurrency giant Tether as part of an investigation. The action adds to regulatory and law-enforcement scrutiny surrounding financial flows in the digital-asset industry.

London hedge funds face battle to secure Mayfair workspace as prime supply tightens... [more]Mayfair's rapidly shrinking supply of prime office space is forcing hedge funds and other financial firms to begin searches earlier and consider a wider range of locations, according to Knight Frank. Hedge funds and specialist investment firms were seeking around 1.8m square feet of space in Mayfair

QRT expands London office as hedge funds compete for prime space... [more]Qube Research & Technologies is substantially expanding its London headquarters at the n2 building in Victoria, increasing its footprint from an original 40,000 square feet to most of the 161,000-square-foot property. The expansion comes as hedge funds compete for scarce premium London offices and Q

Hedge funds moving to Athens could be a heavy loss for City of London... [more]The growing interest among hedge funds in establishing operations in Athens could become a significant challenge for London's financial center as Greece offers tax incentives and lower costs to attract investment professionals. Chris Rokos is moving his tax residency to Greece and opening an Athens

Labour must ditch its anti-rich propaganda... [more]The departure of wealthy financiers including hedge fund founder Chris Rokos has intensified debate about Britain's tax treatment of entrepreneurs and investors. The commentary argues that the government risks losing substantial tax revenue, investment and philanthropy if policy and political rhetor

Hedge fund Jain Global paid GBP611k per head in London last year as profits doubled... [more]Jain Global's London headcount tripled to 89 in 2025 while employees received average compensation of GBP611k, down from roughly GBP900k on an annualized basis in the previous reporting period. Jain Global (UK) Partners generated GBP9.2m of profit, up from GBP6m previously, with GBP7.5m of the 2025

Egypt's first hedge fund rulebook now in effect... [more]Egypt's first hedge fund framework took effect after publication in the Official Gazette, allowing funds to short stocks, trade derivatives and borrow to invest. Each fund will set its own limits for leverage, counterparty exposure, liquidity and concentration subject to Financial Regulatory Authori

Dubai's AIX faces investor claims over delayed payouts on high-return products... [more]Dubai-based AIX Investment Group faces legal claims after delaying or suspending payments on some investment products that offered double-digit annual returns. Two investors have filed claims for USD2m and USD8m, while AIX says geopolitical uncertainty and market volatility affected a limited part o

Turkey ex-minister resigns as investment fund crisis grows... [more]Former Turkish family minister and senior AKP official Betul Sayan Kaya has submitted her resignation from her party positions amid a widening investment-fund crisis and questions over her alleged links to the scandal. Regulators have placed 131 funds managed by seven companies into liquidation, inv

Arrests in Turkiye investment fund probe reach 45... [more]Turkish authorities have arrested 45 people as prosecutors investigate 131 investment funds managed by seven companies with more than USD18bn in assets. The investigation focuses on suspected manipulation of thinly traded shares, while authorities have seized assets belonging to people involved in m

'A lot of value to be created': Elliott Investment on Northern Star... [more]Elliott Investment Management says Northern Star Resources' refreshed board creates a foundation for improving the Australian gold miner's performance and unlocking shareholder value after months of confrontation. Elliott owns 6.24% of Northern Star, and two directors it favored - former Anglo Ameri

And, finally: Knock, knock: Look who's there... [more]From Newsoftheweird: A pelican seeking help used its beak to tap on the door of a Florida marine research facility, The Washington Post reported on Sept. 20. Upon answering the knock, a biologist found a brown pelican standing on the facility's stoop, its right wing wrapped with fishing line and spe