Year-end rally or more AI doubts? Credit Mutuel AM turns more neutral... [more]Matthias Knab, Opalesque: Equities still look more attractive than fixed income, but Credit Mutuel Asset Management has moved to a more neutral stance after many months of being positive. In the firm's November outlook, senior strategist Francois Rimeu points to growing doubts over AI spendin
Canada's largest pension fund plans to double hedge fund investments to $160 billion... [more]The Canada Pension Plan Investment Board (CPPIB) plans to roughly double its hedge fund allocation from around $80bn today to about $160bn over the next five to seven years, according to people familiar with the matter. The CAD866bn ($608bn) fund is particularly keen to gain exposure to managers it
POBA seeks hedge fund managers for $150 mn mandate... [more]South Korea's Public Officials Benefit Association (POBA) is seeking up to five asset managers for domestic and overseas hedge fund mandates totalling about $150m. The domestic allocations target equity-focused strategies, while overseas exposure will be built through fund-of-funds investments. KOSD
Why New Mexico PERA is considering eliminating hedge funds... [more]The Public Employees Retirement Association of New Mexico is considering eliminating its hedge fund allocation as part of a broader asset allocation reset. The pension fund has historically kept a 6% target allocation to absolute return strategies for diversification, and the review follows a report
Innovators, imitators, and idiots: behind the pod shop market chaos... [more]At a private dinner, Izzy Englander, the founder of $US100 billion hedge fund Millennium Management, was asked what he does if one of his traders falls in love with a stock and doesn't want to sell it.His response, according to his fund manager friend Ron Baron's account was the following: &
Even market-neutral funds couldn't escape the AI slump in October... [more]The PivotalPath Composite Index lost 1.25% in October, more than the S&P 500's 0.87% decline, as investors wrestled with skepticism over AI companies, speculation about the US midterm elections and continued spikes in oil prices. The Equity Market Neutral Index, whose performance is meant to be inde
Deutsche Bank goes live with crypto custody after a five-year buildup... [more]Deutsche Bank said its Digital Asset Custody service has gone live for paying institutional and corporate clients in Europe, supporting Bitcoin, Ethereum and the stablecoins USDC, EURC and EURAU, with the bank managing wallets and private keys. The launch follows authorization from German regulator
The world's super-rich are piling into alternative investments. Here's why... [more]The world's wealthiest investors are increasingly moving into hedge funds, private equity and infrastructure as market volatility and fears about stubborn inflation spur diversification. JPMorgan Asset Management's private wealth alternative assets in Asia-Pacific surged 40% over the past 12 months,
Retail pours billions into ETFs as hedge funds go underweight AI... [more]Stock-picking hedge funds unwound positions in October faster than in any month in more than a decade, and Morgan Stanley's prime brokerage desk said hedge funds have turned underweight the AI trade for the first time since early 2023. Retail investors moved the other way: ETFs pulled in $44.1bn, le
Hedge fund billionaire Stephen Mandel is bankrolling Democrats' 'What's Next' conference... [more]Lone Pine Capital founder Stephen Mandel and his wife Susan have given $13.4m to MD PAC, the group behind Majority Democrats' "What's Next" conference in Denver, which hosts House Minority Leader Hakeem Jeffries and potential 2028 presidential candidates. According to FEC records, MD PAC received 96
Turkish court blocks article on investment fund scandal, citing national security... [more]An Istanbul court has ordered access blocked to a Kısa Dalga article examining corporate credit ratings amid Turkey's investment fund scandal, citing national security and public order. The November 2 article by journalist İbrahim Ekinci examined why rating agency JCR Eurasia had given investm
Former Takasbank chief among 3 jailed in Turkey's investment fund scandal... [more]An Istanbul court jailed Yunus Arıncı, former head of securities clearing and settlement bank Takasbank, pending trial along with two other financial executives, bringing the number of people in pretrial detention in the investment fund investigation to 123. Takasbank settles trades on Borsa Istan
And, finally: Nosy guest proven wrong... [more]From Newsoftheweird: A never-before-seen Georgia O'Keeffe painting valued at $3 million was discovered in a New York apartment, the New York Post reported on Nov. 5. A Rhode Island woman, known only as Betsy, found the 1930 painting, titled "Near Abiquiu, New Mexico," underneath a row of fur coats i
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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