Enhancing returns with a dash of alpha using hedge funds in portfolio construction... [more]Hedge funds can improve portfolio construction by adding uncorrelated return streams and helping reduce overall drawdowns. The piece argues that, used selectively, hedge funds can strengthen risk-adjusted returns and provide a useful layer of diversification in volatile markets.
Viking, Lone Pine alumni shutter $2 billion Alua hedge fund... [more]A hedge fund launched by former Viking Global and Lone Pine Capital executives is shutting down after performance challenges. The closure of the ca. USD 2 billion firm highlights how difficult the environment has become even for pedigreed stock pickers facing volatile markets and shifting investor s
Sundheim's D1 tumbled 6% in March as biggest stock bets soured... [more]Dan Sundheim's D1 Capital lost 6% in March as some of its largest equity positions moved against it. The decline reflects the pressure on concentrated long/short equity portfolios when major holdings reverse sharply in unstable markets.
Nordic American Tankers sees exceptionally strong market as Hansson hits back at hedge fund... [more]Nordic American Tankers says tanker market conditions remain exceptionally strong, while CEO Herbjorn Hansson is pushing back against hedge fund criticism. The article frames the dispute as part of a broader clash between company management and activist pressure over strategy and performance.
L1 joins hedge fund carnage as Qantas, James Hardie hit by war... [more]L1 Capital was caught in the broader hedge fund selloff as holdings including Qantas and James Hardie were hit by geopolitical turmoil. The losses underline how quickly macro shocks can damage concentrated portfolios, even at established managers.
The great scale in hedge funds: a blessing for some, a problem for others... [more]Hedge fund scale is increasingly becoming a dividing line in the industry. Larger firms benefit from stronger infrastructure, broader investor access, and deeper resources, while smaller managers face growing pressure on costs, visibility, and survival.
Bill Ackman kicks off roadshow for combined IPO of Pershing Square, new fund... [more]Bill Ackman has started a roadshow for a combined IPO involving Pershing Square and a new fund vehicle. The structure appears designed to broaden investor appeal while giving Ackman another platform for raising permanent or longer-duration capital.
Strategy's STRC gives hedge funds a new reason to short MSTR... [more]A new Strategy-linked instrument is giving hedge funds another angle for bearish positioning against MicroStrategy. The development adds fresh complexity to an already volatile stock whose market behavior is closely tied to crypto exposure and capital structure trades.
Waratah Capital calls for removal of directors at mining junior... [more]Waratah Capital is pressing for board changes at a junior mining company, escalating an activist campaign. The hedge fund argues that governance change is needed to improve oversight and unlock value for shareholders.
Hedge funds Citron, Anson sued over report on biotech company... [more]Citron Research and Anson Funds have been sued over a report on a biotech company. The case adds to the long-running tension around activist short selling, where negative research can trigger sharp moves and legal retaliation.
Saba in new attack on Edinburgh Worldwide Investment Trust... [more]Saba Capital has launched another attack on Edinburgh Worldwide Investment Trust as part of its wider campaign in the investment trust sector. The move shows the hedge fund continuing to push for change where it sees persistent discounts and weak performance.
Balyasny hires ex-Capstone MD Dara Falahi... [more]Balyasny Asset Management has hired Dara Falahi, a former managing director at Capstone. The hire reflects the ongoing battle among major hedge funds for experienced talent and specialized trading expertise.
Stressful existence of the ex-Goldman Sachs trader who is never fired... [more]Ex-Goldman Sachs trader Yaoyao Liu has not had a smooth ride at Vitol. When a youthful Liu left Goldman Sachs in London after three years in 2012, he joined the world's largest independent oil trader. This year has been harsh. The Wall Street Journal reports that the oil trading team lead by Liu
Who is Joe McCann? Asymmetric crypto founder faces murder charges in Tanzania... [more]Joe McCann, founder of the institutional crypto fund Asymmetric, is the fiancee of Ashlee Jenae, the 31-year-old Miami-based lifestyle influencer who was found dead in their luxury hotel villa in Zanzibar, Tanzania.
The couple had been on what was described as a birthday and engagement trip when Je
And, finally: How a dead alligator got two people into jail... [more]From News of the Weird: Anthony Buhl, 56, and March Chadwick, 57, are awaiting arraignment after being charged in Florida for driving with a dead alligator on the roof of their car, The Smoking Gun reported.
On April 4, witnesses and license plate readers tracked Buhl and Chadwick as they drove
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
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