Modular Asset Management, a macro hedge fund firm based in Singapore, will reportedly cease managing funds for Millennium Management at the end of the year. This decision comes after more than eight years of collaboration and is by mutual agreement, reported Bloomberg, citing sources familiar with the matter. Modular has managed approximately $600m for Millennium in a separate account. The termination of this deal allows Modular to diversify its investor base, reducing its dependency on a single large i ...

I'm at about 30 years persevering as a “professional bear.” My lucky break came in late-1989, when I was hired by Gordon Ringoen to be the trader for his short-biased hedge fund in San Francisco. Working as a short-side trader, analyst and portfolio manager during the great nineties bull market – for one of the most brilliant individuals I’ve met – was an exciting, demanding and, in the end, a grueling and absolutely invaluable learning experience. Later in the nineties, I had stints at Fleckenstein Capital ...

The delisting would be another blow to London’s stock exchange, which has struggled to attract new listings. - Chris Ratcliffe/Bloomberg News A Goldman Sachs investment vehicle plans to quit the London Stock Exchange, having struggled to attract investor interest since going public four years ago. Goldman founded Petershill Partners in 2007 and listed the company’s shares in an initial public offering in 2021, promising investors access to the fast-growing alternative asset-management industry. Most Rea ...

By Nell Mackenzie LONDON (Reuters) -Wealthy investors in the United States and Asia have cancelled plans to put money into U.S. hedge funds this year, while increasing their exposure to Europe and the Middle East, according to a Bank of America survey seen by Reuters on Thursday. Half of the allocators who told Bank of America last year they would invest in U.S. hedge funds have now ditched these plans, according to the survey. The report, which canvassed 263 respondents, representing around $840 bill ...

Treasury Secretary Scott Bessent warned on Wednesday that if Zohran Mamdani carries out his socialist economic plans as mayor, New York City will come begging Washington for a bailout – and he won’t give them one. "I guarantee you, and there're not a lot of things in life that are sure, but New York City will be coming to the federal government for a bailout if Mamdani’s plans are implemented," Bessent told FOX Business' Maria Bartiromo.EJ ANTONI WARNS NYC OF MAMDANI'S 'ECONOMICALLY ILLITERATE' POLICIES "An ...

By Davide Barbuscia NEW YORK (Reuters) -Market euphoria could carry U.S. stocks another 20% higher before giving way to a collapse on the scale of the 1929 crash that ushered in a global recession, according to tail-risk hedge fund Universa Investments. The benchmark S&P 500 has gained about 13% this year, hitting a fresh record high on Monday after the Federal Reserve last week cut interest rates for the first time since December. The central bank has indicated more cuts are likely as it tries to cou ...

Gold has helped people preserve their wealth for thousands of years. Today, its appeal is simple: unlike fiat currencies, the yellow metal can’t be printed at will by central banks.The good news? Savvy investors have long turned to certain assets to help protect their wealth from inflation’s bite — regardless of how well the Fed does its job.Inflation erodes the purchasing power of money, a reality already eating into Americans’ savings. Over the past five years, the U.S. consumer price index has jumped 25% ...

All-season tires can be decent in winter conditions, but may not usually be best in a place like Phoenix, where summer tires shine year round. If the stock market had seasons, it has been (mostly) summer for a long time, and that has made a tough sell for specialty funds that are designed to handle sun, rain and the occasional blizzard. So-called risk-parity funds have struggled to get much attention since just after the 2008 financial crisis — but that may be changing. The very small category of risk-par ...

I am mainly a high-growth investor, but I am starting to position my portfolio to gear towards a potential pullback in the market, whether that be in 2025 or 2026. I still am predominantly invested inMMMT Wealth is run by Oliver, a CPA working in the financial services sector mainly in private equity, hedge funds, and asset management. MMMT Wealth began in 2023 when Oliver started writing online mainly on X and Substack about investment strategies and stocks. His main aim is to gather insights from investor ...

The dispersion trade has become one of the most popular strategies among Wall Street hedge funds. Now, some investors are taking the other side of the wager. The US equity market has been deceptively calm since the start of August, with 60-day realized volatility the lowest since before the pandemic. The go-to measure of market gyrations, the Cboe Volatility Index, has been stuck below its long-term average of 20 since mid-June. But beneath the surface, individual stock prices are churning violently — Or ...