Institutional investors increasing hedge fund allocations amid macroeconomic conditions: expert... [more]Institutional investors are increasing hedge fund allocations as they seek diversification and downside protection amid heightened macroeconomic and geopolitical uncertainty. Hedge funds' ability to use short selling, derivatives and flexible exposures can provide return streams that behave diff

The buzziest hedge fund launch this year is ex-Sequoia investor Jeff Wang's. Who's hired and how much it's raised.... [more]Former Sequoia Capital investor Jeff Wang is preparing to launch Augnition Global Investors in October with more than $2 billion, making it one of the year's largest and most closely watched hedge fund launches. The Silicon Valley-based firm will invest in both public and private companies; Wang pre

Hedge funds are historically underperforming the S&P 500, Goldman says... [more]Hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data. July "marked one of the sharpest hedge fund de-grossing episodes of the past decade," Goldman said. Hedge funds diversified away from AI stocks in July.

Quant hedge funds suffer worst day in 2 years as Treasury boosts buyback and Moderna shares leap... [more]Quantitative hedge funds suffered their worst trading day in more than two years as sharp market rotations hit momentum strategies. Goldman Sachs said systematic long-short funds were down 1.4% around midday Wednesday, while Morgan Stanley's "pure momentum" index dropped more than 4% even as the S&P

Lemssouguer's hedge fund loses 8% in July on soured credit bets... [more]Hamza Lemssouguer's Arini Capital Management lost about 8% in July after credit investments turned against the $21 billion hedge fund. Arini was among bondholders affected when Aston Martin arranged a GBP550 million financing with BlackRock's HPS that bypassed existing creditors; after endin

Prediction markets contracts and federal income tax: Wagering, investing, or something else?... [more]The rapid growth of prediction markets is creating unresolved US tax questions over whether event contracts should be treated as wagers, investments, derivatives or another category. The classification matters because each can produce different federal income tax consequences for gains, losses, repo

Treasury rout deepens as Bessent buyback plan fails to calm markets... [more]Treasury Secretary Scott Bessent's decision to double long-term government debt buybacks initially supported markets but failed to halt the selloff, with investors remaining concerned about inflation, deficits and the growing supply of US debt. The Treasury will increase the maximum size of liquidit

CME and Polymarket diverge on Fed rate expectations... [more]Prediction-market traders and traditional futures markets are offering differing signals about the Federal Reserve's next move, highlighting the growing role of platforms such as Polymarket in expressing monetary-policy expectations. The divergence also creates potential arbitrage opportunities, alt

Alphabet and Nvidia own more SpaceX than BlackRock and Vanguard combined. Why that's about to change.... [more]Institutional ownership of SpaceX remains concentrated among early strategic and private-market investors, with Alphabet and Nvidia together owning more than index giants BlackRock and Vanguard. That ownership structure is poised to change as SpaceX's public-market presence leads index funds and ETF

D.E. Shaw owns more than $1 billion stake in Sysco, sources say... [more]D.E. Shaw owns a stake worth more than $1 billion in Sysco, the world's largest food distributor, according to people familiar with the investment. The roughly $100 billion hedge fund has invested in Sysco for a decade, but the size of its position had not previously been reported; Sysco, valued at

How AI is increasing inequality in America... [more]The AI boom is disproportionately benefiting wealthier Americans through stock-market gains while potentially threatening jobs and incomes for workers with less exposure to appreciating financial assets. Economists and investment leaders, including executives at Bridgewater Associates, are warning t

Hedge fund stars spark race to cut taxes in Hong Kong and Singapore... [more]On Wednesday evening, as most of Singapore's workers headed home, several of its leading financiers crowded into a Sofitel Hotel ballroom. The guest of honour was Chee Hong Tat, the Monetary Authority of Singapore's deputy chairman. The topic du jour: slashing the taxes paid by hedge fund stars and

Point72 hires Barclays' Olivier Arnoult in quant push... [more]Steve Cohen's Point72 has hired Barclays quantitative researcher Olivier Arnoult as a portfolio manager for Cubist Systematic Strategies in Paris. Arnoult spent more than three years at Barclays and previously worked at Societe Generale; his appointment is part of a broader expansion of Point72's qu

Another DRW gas trader left. Millennium picked him up... [more]Electronic trading firm DRW has had some troubles in the commodities markets in 2026. The FT reported in June that the firm lost $176m in Q1 of this year as a result of market volatility; several top traders have left over the course of the year and one has just been picked up by hedge fund Millenni

How do hedge fund portfolio managers spend a two-year non-compete?... [more]Hedge fund portfolio managers can spend as long as two years on paid non-competes that prevent them from joining rivals, giving some highly paid traders an unusual break from the pressures of managing money. Managers interviewed describe using the time for travel, family, fitness, home projects and

And, finally: Now, that's an upgrade!... [more]From UPI: Belgium has a new prince after the 26-year-old former car salesman was recognized by the king's brother as his son. Clement Vandenkerkhove reportedly joined the royal family in February in a low-key town hall ceremony, which was disclosed Wednesday. The ceremony was required for him to bec