Opalesque Exclusive: Sixty shorts and the arithmetic of patience - Steamboat's Parsa Kiai... [more]Matthias Knab, Opalesque: Most hedge funds that still run a short book run a handful of high-conviction positions. Steamboat Capital Partners currently runs about 60 - with significant alpha.
That number is not an accident of style. It is the visible output of fourteen years of adaptation
Asia and Middle East sovereign funds deepen hedge fund bets... [more]Sovereign investors from Abu Dhabi to Singapore are increasing their exposure to hedge funds as they seek diversification and returns less dependent on traditional markets. The trend reflects the growing importance of hedge funds within the alternative investment portfolios of major Asian and Middle
The AI hedge fund blowup wasn't a failure of thesis; it was a failure of structure... [more]The collapse of a high-profile AI-focused hedge fund illustrates how a sound investment thesis can still fail when paired with excessive concentration and leverage. The fund reportedly grew from roughly USD225 million in seed capital to more than USD20 billion before an AI selloff triggered margin c
Ex-Credit Suisse MD eyes USD100m for crypto hedge fund... [more]Former Credit Suisse managing director Changguang Zheng is seeking to raise USD100 million for crypto hedge fund ZX Squared within six months, targeting institutional investors including family offices. The options-focused fund currently manages USD50 million and was up 3% through August 31, while Z
Former hedge fund partner founds company to address health equity gaps... [more]Former Adage Capital Management partner Demond Martin has co-founded WellWithAll to address health disparities after a family mental-health crisis highlighted how access to resources can determine health outcomes. Martin spent two decades at Adage and was the only Black partner at a major US hedge f
Hedge fund UG Investment courts Taiwan's rich to tap AI wealth... [more]UG Investment has signed an agreement with E.Sun Financial Holding to target newly wealthy Taiwanese investors benefiting from the AI and semiconductor boom. The partnership gives the hedge fund manager access to a growing domestic wealth pool as Taiwan seeks to broaden the investment products avail
Brent hovers near USD101 as Iran warns of escalation, keeping energy markets on edge... [more]Brent stayed near $101 after a 3.4% jump, with WTI above $96, as fresh Middle East fighting stoked supply fears. Tehran signaled it is ready for a harsher fight and vowed to step up strikes if US attacks continue, citing defiance of a US naval blockade. According to President Donald Trump, the confl
Anthropic researcher quits over 'out-of-control' AI fears... [more]Anthropic researcher Jacob Coxon has left the AI industry because he fears companies are racing to develop self-improving systems that could spiral beyond human control. The 27-year-old, who previously worked at OpenAI, said competitive pressure is driving labs toward increasingly powerful systems w
Exit levy threat said to be why Chris Rokos is quitting UK... [more]Hedge fund billionaire Chris Rokos is reportedly moving to Greece partly because of fears that Britain could introduce an exit tax on wealthy people leaving the country. Rokos, who paid GBP330 million in UK tax last year, was said to be concerned about proposals for a 20% capital gains levy on busin
Millennium joining Rokos with plans for first Greek outpost... [more]Millennium Management is preparing to open its first Athens office, following Chris Rokos's decision to relocate to Greece and giving momentum to the country's effort to establish itself as a hedge fund hub. The USD97 billion firm is discussing the new operation with Greek authorities, while London-
Greece: The new hedge fund hotspot... [more]Greece is emerging as a potential European hedge fund hub as tax incentives and an improving economic environment attract international managers. Chris Rokos is moving his residency to Greece and opening an Athens office, while Millennium Management is also preparing its first Greek outpost as the g
'I'm a millionaire staying in the UK - and paying tax is a patriotic act'... [more]People move. They always have and they always will. But as part of a group of millionaires, I can tell you that schools, safety, culture, and having family and friends nearby are all at the top of the list before we'd consider uprooting our lives. I'm sure Mr Rokos also values all of the abo
Billionaire Chris Rokos to keep GBP175m Wiltshire mansion after moving to Greece... [more]Hedge fund billionaire Chris Rokos plans to retain Tottenham House, his historic Wiltshire estate, despite moving his tax residency to Greece. Rokos is continuing an extensive GBP175 million restoration of the property, illustrating that his departure from the UK for tax purposes does not mean sever
SEC sanctions purported hedge fund manager... [more]The SEC has filed settled charges against Francisco Javier Sarabia, co-founder and president of Bonanza Global Solutions, alleging that a purported hedge fund was actually a Ponzi scheme. The regulator says the operation raised more than USD5 million between February 2022 and March 2023 but made no
Hedge funds restart fight over Paschi's EUR1bn bond wipeout... [more]A court fight over EUR1 billion worth of Banca Monte dei Paschi di Siena SpA bonds wiped out a decade ago is set to start again, as a group of hedge funds is seeking to obtain years of missed interest payments. Investment firms including Attestor Capital and Polus Capital Management Group will be tr
And, finally: Police wrestles down neighborhood menace in Washington... [more]From UPI: Sheriff's deputies in Washington responded to a neighborhood to wrangle a "really strong" escaped goat reported to be attempting to ram local residents. The Snohomish County Sheriff's Office said on social media Tuesday that deputies responded Aug. 28 to a neighborhood where a goat "escape
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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Matthias Knab, Opalesque for New Managers: On July 9th, participants from 28 countries joined Opalesque's "Kant & Capital" webinar - not for a lecture, but for a workshop. The premise: after sixty years of labels - SRI, triple bottom line, ESG, impact - each of which fell short of its promise, i..
