Opalesque Exclusive: SEC moves to restart alternatives expansion into retail... [more]Bailey McCann, Opalesque New York: In two statements released on September 30, the Securities and Exchange Commission has signaled its plan to restart the expansion of investor access to alternative investments. The Commission voted to propose new rule amendments that would expand retail investor

Opalesque Exclusive: Family offices flag inflation concerns as a key investment risk... [more]Bailey McCann, Opalesque New York: Family offices are investing robustly across all asset classes, but have flagged persistent inflation as a key risk according to the newly released Global Family Office Report from Citi Wealth. 351 family office executives across more than 40 countries sha

Opalesque Exclusive: Coburn Barrett, the best fund you have never heard of, reaches 30 times inception value... [more]Matthias Knab, Opalesque for New Managers: Twenty-eight years ago, while much of the investment industry was focused on forecasting recessions, interest rates, market crashes and the next great investment theme, a s

Rising Point Capital Management Closes Inaugural Fund at $325 Million... [more]Bailey McCann, Opalesque New York: Rising Point Capital Management today announced the final close of its inaugural institutional fund, Rising Point Capital Management Fund I, with $325 million in total commitments. The fund was oversubscribed and exceeded its initial hard cap over a period o

Barlon Capital launches a EUR100 million fund... [more]Bailey McCann, Opalesque New York: Barlon Capital, the venture capital firm backed by Javier Rubic and Dedac Lee, has launched Barlon Capital IV, a new fund with a target size of €100 million aimed at investing in high-growth companies linked to the consumer sector and emerging brands, with

Ken Griffin makes USD3 billion donation to Carnegie Mellon to launch Miami campus... [more]Citadel founder and CEO Ken Griffin is donating USD3bn to Carnegie Mellon University, the largest individual gift in US higher-education history. USD2bn will fund a new 35-acre campus in Miami's Wynwood neighborhood designed around areas including AI, health, national security and energy, while

USD20bn AI fund proves why the next generation of hedge funds are hiding in plain sight... [more]The rise and near-collapse of Situational Awareness should prompt investors to rethink how they assess emerging hedge fund managers, argues YCM-Invest CEO Didier Essemini. The AI-focused fund grew from a few hundred million dollars to more than USD20bn after returns exceeding 400%, but its subsequen

Situational Awareness's collapse is revealing record levels of stock market leverage... [more]Hedge fund borrowing from banks reached nearly USD3.7tn by midyear, the highest in more than a decade and about three times the level at the start of the pandemic, according to Treasury Department data. Situational Awareness had pushed lenders to increase leverage as high as ten times investor capit

Bank of England warns gilt market faces growing spillover risks... [more]The Bank of England says hedge fund leverage in the gilt market remains elevated even though it has been stable recently, leaving the market vulnerable to a sharp adjustment as risks across sovereign debt, credit and other markets become increasingly interconnected. The Financial Policy Committee al

How three hedge fund strategies work in a high-rate world, according to UBS... [more]UBS says hedge funds have generated positive cumulative returns during every Federal Reserve tightening cycle since 1994 and have generally outperformed global bonds during those periods. The bank highlights equity market neutral, discretionary macro and relative-value fixed income as strategies tha

Billionaire Bill Ackman calls Anthropic 'perhaps the greatest business story I've ever seen'... [more]Pershing Square founder Bill Ackman praised Anthropic's rapid revenue and valuation growth and the quality of its Claude AI product, but said his hedge fund is unlikely to invest. Ackman said Pershing Square looks for businesses whose long-term future it can predict, and the pace of change in fronti

The world's best FX bank for hedge funds 2026: Deutsche Bank... [more]Deutsche Bank has been named the world's best FX bank for hedge funds in Euromoney's 2026 FX awards. Its foreign-exchange franchise combines electronic and voice trading, algorithmic execution and broad coverage across developed and emerging-market currencies, serving hedge funds across a global tra

Potomac Fund Management points its growth engine at three new frontiers... [more]Potomac Fund Management, which surpassed USD5bn in AUM this year after adding USD2bn over nine months, is expanding into direct indexing, a quantitative hedge fund and a new creative agency. The hedge fund, Potomac Unshackled, is expected to launch early next year and will allow the firm's quantitat

Brightline offers 4.75% equity stake to lure hedge fund holdouts... [more]Bankrupt Florida passenger railroad Brightline has agreed to give creditors holding its corporate debt at least a 4.75% equity stake in the reorganized company as part of a deal designed to win their support for its restructuring. The package also includes other incentives for holdout creditors as B

Hedge funds boost exposure to ETFs, James Seyffart notes... [more]James Seyffart highlights that hedge funds have significantly increased their exposure to ETFs over recent years. This trend is evident in the growing percentage of hedge fund 13F filings allocated to ETFs, which shows a shift from historical caution to a more pronounced adoption of ETF strategies.

Bessent settled tax issue that had put him at odds with I.R.S.... [more]Treasury Secretary Scott Bessent settled a dispute with the federal government over self-employment taxes stemming from his years running hedge fund Key Square Group. Bessent had used a structure common among some investment managers to avoid a 3.8% Medicare-related tax, but had pledged during his c

How to invest in hedge funds... [more]Hedge funds use strategies including short selling, leverage, derivatives and concentrated investments that differ substantially from traditional mutual funds. Direct access generally remains limited to accredited investors and qualified purchasers, while liquid alternatives and other publicly avail

Hedge fund bid to drop USD100 million tax bill gets court scrutiny... [more]YA Global Investments, an arm of Yorkville Advisors, faced tough questioning from Third Circuit judges as it seeks to overturn an IRS determination that classified the hedge fund as a business rather than an investor. The classification produced a roughly USD100m tax liability because the fund had n

Hedge fund Point72 hired the former head of JPMorgan's equities central risk book... [more]Ashot Ordukhanyan joined Point72 as head of risk technology, based in New York. He joined from risk intelligence fintech ActiveViam, where he was head of quant development for two years, but spent the two years before that as co-head of JPMorgan's equities CRB.

Hedge funds Diameter, Redwood purchased Nuveen's Brightline debt... [more]Distressed-debt hedge funds Diameter Capital Partners, Redwood Capital and FourSixThree Capital bought about USD190m of Brightline municipal bonds from Nuveen following the Florida railroad's Chapter 11 filing. Nuveen sold its entire position in Brightline's senior uninsured municipal debt through a

Bankrupt fund founder Weiss agrees to auction art at Sotheby's... [more]Bankrupt hedge fund founder George Weiss has agreed to auction 16 artworks through Sotheby's to help repay a Bank of America loan secured against his collection. The works are expected to be sold in November and will be shown to prospective buyers in cities including Paris, London, Hong Kong and New

Will the FCA treat a GBP400 million hedge fund like a small firm?... [more]The FCA is proposing a three-tier regime for alternative fund managers based on net asset value, with managers below GBP750m classified as small, those between GBP750m and GBP5bn as medium and those above GBP5bn as large. The proposed threshold is substantially higher than the GBP100m level previous

Turkey blocks 147 X accounts over posts about investment fund crisis... [more]Turkey has blocked at least 147 additional X accounts with a combined 2.65m followers after they posted about the country's investment fund crisis, according to censorship monitor EngelliWeb. The accounts include economists, traders, analysts, lawyers and academics, and the restrictions follow an ea

S. Korea ordered to pay nearly USD50 mil to Elliott over Samsung merger case... [more]South Korea has been ordered to pay Elliott Investment Management USD48.49m in damages over government intervention in the controversial 2015 merger of Samsung C&T and Cheil Industries. Elliott, which was a minority shareholder in Samsung C&T and originally sought USD770m, said the tribunal's award

And, finally: Shark caught on camera swimming through flooded New Jersey road... [more]From UPI: A New Jersey man captured video of a shark swimming down a flooded neighborhood road during a powerful nor'easter that caused damage along the East Coast. Drew Procaccino shared video showing the predator's dorsal fin poking out from under the water in a Surf City neighborhood on Long Bea