Giant hedge funds are going in a radical new direction: Training schemes for in-house superstars.
Pension plans and insurers have been piling into funds that invest in equity tranches of collateralized loan obligations.
High-profile traders who have worked at some of the biggest hedge fund firms are behind some of the startups.
A Goldman report found investor appetite for almost every hedge fund strategy this year has diminished from 2023.
Funds are facing questions about fees and expenses in a high-rate environment.
The most popular funds effectively have a blank check for expenses.
The fund's standout performance came after it posted a loss of 29% in 2022.
Regulators warn the firms could destabilize Treasury markets.
The Blackstone Diversified Multi-Strategy fund will shutter by the end of the year.
Inflation trading in bonds and derivatives linked to consumer prices is now a source of fertile trading opportunities.