Archive

DPI is the new IRR

The AI Revolution Continues

The biggest hedge funds are returning cash to investors, ​​OpenAI released an AI model capable of reasoning, ECB cut rates for the second time, and US household wealth rose to a record high.

Fresh Limits on IB Work Hours

JPMorgan capped junior banker work hours, Japan has emerged as a top PE market, Goldman saw another massive M&A payday, bank execs cautioned against optimistic IB expectations, and Ken Griffin bankrolled USMNT's new head coach contract.

Dogs, Cats, and the Economy

Apollo is launching a private credit ETF, Elliott got half of Southwest's board to resign, multi-strat hedge funds are seeing a pullback from investors, Taylor Swift endorsed Kamala Harris, and JPMorgan's CEO succession is Jamie Dimon's top priority.

The Big Debate 🇺🇸

Investors see AI hype masking broader tech weakness, allocators are planning new hedge fund investments, crypto fraud is up big this year, and Trump will go head-to-head vs. Kamala Harris on the debate stage tonight (which will certainly produce some hilarious memes)!

Roaring US betting markets

Oaktree criticized Advent and Silver Lake in a rare public call-out, the US yield curve un-inverted, Palantir and Dell are joining the S&P 500, OnlyFans is swimming in cash, US sports betting industry is firing on all cylinders, legal political betting markets are here, and Kendrick Lamar is headlining Super Bowl 2025 (*Drake punching the air rn*).

Insider Insights from BofA

BofA was accused of sharing insider information with investors, money-market fund assets hit a record-high, a16z is leaving Miami, and family offices AUM is set to to surpass hedge funds by 2030.

Public Private Credit

Apollo is planning a trading desk for private credit, hedge funds remained steady amid August's turmoil, foreign investors are fleeing Asian tech stocks, and Goldman is projecting an economic boost from a Harris presidency.

Stocks in Manager Mode

US subpoenaed Nvidia, Norway may divest from Israel war stocks, bond traders are pricing in a historically steep Fed easing, and capital markets got ACTIVE despite another stock market clappening to kick off September.

Boiling Point at the AI Foundry

The S&P is beating all major AI-themed ETFs, private credit is eyeing student loans, Intel is planning a major restructuring, UK tax reform could spark a PE exodus, and Nvidia employees are being overworked like bankers.