All Factors Down, Hedge Fund Proxy Plummets, Shorts Rise
Value, quality, and momentum factors all down today. Long short hedge fund proxy declined -188bps. The only thing that was up was high short interest. Not healthy. https://t.co/nCK12nnBAU
Long‑Only vs Market‑Neutral: Constraints Drive Alpha Gap
An interesting diversion in the performance of alpha in long-only managers vs market neutral managers. How much of it is talent versus a bunch of constraints (e.g. no shorting; need to sell down MAG7 to make room for active bets; harder...
CTA Buying Surge May Quickly Flip to Selling
The Flows @t1alpha CTA Buying (epic last week) can easily become Selling Will walk you through the math on The Macro Show https://t.co/Z8lRHULEn1
Hedgeye's VIX Risk Range Analysis Delivers Recent Alpha
Undaunted and strictly process oriented, @KeithMcCullough @hedgeye provided a valuable analysis of the VIX risk range that producedexcess returns (alpha) in the last several trading days. That analysis was worth the price of admission alone. @dougkass @SamofAmerica @HedgeyeDJ
Hedge Funds Turn Bearish, Raising Unwind Risk
Goldman Prime Book shows hedge funds are more bearish now than at the Liberation Day lows. The potential for a serious unwind higher is real. @dailychartbook with another gem. https://t.co/BYv3uPRt2G
One Low‑Vol Short Can Power an Entire Year’s Alpha
It is underdiscussed how much great short selling talent sits at multis, and how important alpha shorting really is to success in the multi-manager model. One big short, particularly in a low vol name you can size in dollars, can make...
Hedge Funds' Short Covering Crushed Market as Retail Shifts
From the TFF which I much prefer to COT. The last month was clear. Long only asset managers do what they always do which is chase price. Through tuesday they were nothing but buyers and must have...
From $7B Manager to Founder of Europe’s Top Hedge Fund
He managed $7B and mentored a wunderkind. Then he founded one of the Europe's top-performing hedge funds.
Burry Abandoning His Big Short Would Change Everything
Imagine if @michaeljburry gave up on his big short thesis on the first short squeeze. https://t.co/PmWJhvZ8Ss
Quants, Commodities and Long Vol Outperformed Amid Macro Reversal
This week: March showed how fast macro can turn. Crowded trades unraveled, discretionary funds were hit and the winners came from a very different mix: quants, commodities and long vol https://t.co/mab8WrSfpa via @LinkedIn
Bullish Outlook: Positioning vs Seven-Day S&P Rally
When I ask others for the bull case from here in stocks, by far the most common answer is positioning and CTA buying. I have trouble squaring that idea with the fact that the S&P 500 is up 7 days in...
Rokos Fund Gains 2.1% Monthly, 4.7% YTD
Several people asked for Rokos, so here it is: His hedge fund returned about 2.1% last month, taking the year’s advance to 4.7%. +Discovery: -4.1/+5.7 Full list: https://t.co/AJGsR9CjHg
CTAs Set to Flip $34B Into S&P This Week
"CTAs are currently short $30b S&P 500. Our model suggests that at current market levels CTAs will buy $34b of S&P 500 over the next week (closing out shorts and flipping long)." After yesterday’s move higher in the S&P...
Massive XRP Hedge Fund Could Launch XRPL’s Largest DeFi Protocol
$350-400M XRP in hedge fund would make largest XRPL DeFi protocol if on-chain. Regulated securities offering replicates on-chain structure. Pseudo accounts, borrow-lend, liquidity pools coming via XLS amendments. Future yield products mirror current model.
Managed Futures Diversify Amid YTD Market Chaos
Carry and trend managed futures strategies hard at work diversifying against the chaos YTD. https://t.co/XvXlGj7r2y
Let Winners Run, Trim Losers: Long‑Term Position Sizing
Francois Rochon on position sizing and activity "We typically hold 20 to 25 positions and our average holding period is close to seven years. While we'll cut back on a position that gets over 10% , for the most part our...
Steinhardt’s Gut Beats Analyst Hype on IBM
New Article John LeFrere, an analyst hired by Michael Steinhardt in the 1970s, recalls his first weeks on the job; he visited IBM and returned convinced that its profits were headed upward. LeFrere recommended buying IBM stock ahead of that Friday's...
Military Spending Spurs Defense and Rare Earth Investment Boom
Regal Partners boss tips defence stocks, rare earths as military trillions fuel next investment super cycle https://t.co/6ahsU0eU1G
Macro Traders Face Biggest March Losses Amid War Hedge Squeeze
𝐌𝐚𝐜𝐫𝐨 𝐓𝐫𝐚𝐝𝐞𝐫𝐬 𝐒𝐥𝐮𝐦𝐩 𝐌𝐨𝐬𝐭 𝐢𝐧 𝐌𝐚𝐫𝐜𝐡 𝐚𝐬 𝐖𝐚𝐫 𝐒𝐪𝐮𝐞𝐞𝐳𝐞𝐬 𝐇𝐞𝐝𝐠𝐞 𝐅𝐮𝐧𝐝𝐬 *Haidar Jupiter: -12% *Brevan Howard Master: -6.6% for the worst monthly loss in its two-decade-plus history *Diego Megia’s Taula -8.6% https://t.co/Ye6CajOsZO https://t.co/fMkAfo9I9F
Rapid US Rally Could Trigger Dollar Spike and Inflation
The risk nobody speaks about. Everyone wants a V-shape recovery. I don’t. If US stocks snap back too fast, hedge funds in Europe, Japan, Brazil sell everything locally and rush into the US. Dollar spikes to 110. Inflation restarts. What I want: slow...
Long Norway Boosts Alpha Amid Europe Short Position
Net Short Europe with Long Norway (which is +9% in the last month only improving the Long/Short Alpha)
First Weekly Portfolio Shift Signals Make-or-Break Moment
(PREMIUM) "Tactical Update: April 6, 2026 - Make or Break..." First portfolio change of the week... via The Lyons Share https://t.co/Erxetrw4KU https://t.co/0Xl1grhOeJ
Vol‑Control Funds Keep Selling as RV Spread Doubles
At the start of the year 1M RV was printing 8-9%. It has more than doubled. Vol-control funds are required by mandate to keep cutting equity exposure until that spread closes. Wouldn't be surprised to see this "unwind" a little...
RA Capital Boosts Wave Stake Amid Clinical Setback
🚨Here is an interesting report from this week’s @barronsonline regarding a major investment made in $WVE by RA Capital - despite Wave’s recent disappointing clinical readout of its obesity candidate $WVE-007 🧵👇. According to the report RA Capital has raised...
Bitcoin Reclaims Safe‑Haven Status as Gold Turns Risky
🚨UPDATE Fidelity just said capital has rotated from Bitcoin into gold at the top and is now flowing back into BTC. Bitcoin is acting like a safe haven while gold trades like a risk asset. https://t.co/6M5EX4LZqZ
March Reality Check: Hedge Funds Raise Billions, Record Cambridge Gift
March delivered a reality check to clients of some of the biggest hedge funds. Kite Lake raised $700m. Taula raised $1.75b despite losses. My week in stories: full table with new names to a record £190 million Cambridge donation by...
Hedge Funds Dump Global Stocks at 13‑Year High
"Hedge funds sold global stocks at the fastest pace in 13 years in March ... The pace of selling was the second-largest since [Goldman] started collecting the data in 2011." Goldman Sachs via BBG
New Hedge Fund Returns Table Shows Top Performers
Hedge fund returns table with many more names, including Citadel, Point72, Verition and more https://t.co/LBkCq0Uiq9
Hedge Fund Mirrors 5x Ultra Oil ETF, Resetting After Collapse
This dude is basically running his hedge fund as a 5x Ultra ETF on oil, and if he blows up, he just restarts again with the exact same model. #scenes.
Weiss Liquidates All Long Positions, Says Show
Today we will learn on the show that Weiss sold out of all his longs.... @thestreetpro @dougkass
Hedge Funds Suffer March Losses Amid Middle East Conflict
March was BRUTAL: Some of the world’s biggest hedge funds known for delivering steady returns lost money as the war in the Middle East roiled markets across energy, bonds and equities and forced traders to unwind crowded positions. Here are...
Portable Alpha Gains Momentum Amid Liquidity Challenges
State of the Portable Alpha Landscape I sit down with Shane McCarthy of LAB Quantitative Strategies for a deep dive into the portable alpha and return stacking landscape, including fresh survey data on how allocators are approaching this space today. 00:00 Welcome...
March Hurts Long‑short Equity; April Rebounds Sharply
March was a challenging month for long short equity hedge funds as junk stock shorts materially outperformed (+7bps on the month). The GS VIP Long vs GS Most Shorted basket fell -7.6%, dropping its YTD performance to -14.4%. That said, April is...
Inside Hedge Funds' Secret Market Regime Detection Method
The secret hedge funds use to detect market regimes... A 37 page PDF reveals everything:
Kite Lake Secures $700M, Signaling Hedge Fund Appetite
𝐓𝐇𝐈𝐒 𝐈𝐒 𝐍𝐎𝐓 𝐀 𝐉𝐎𝐊𝐄! Kite Lake raised $700 million in new cash, signaling improving appetite for hedge funds. The event-driven trading specialist reopened for a day to take in the money and closed it to further capital again. https://t.co/8wIkR828BM
Light Portfolio Delivers 6.5% Alpha, 5% Beta Gains
Positions are super light. Alpha up 6.5% YTD 2% of AUM in SPX Puts bought on yesterday close A boatload of STIR bought higher but exposed to rate cuts and recovering That's it Beta up 5% YTD cuz own gold and commodities as...
Big‑Bank Collars Neutralize Retail Bets on S&P
Don't even ask the question. The answer is yes, it's within the collar. Think the S&P is going to rip to new all-time highs? Sorry, there's a short call at 7155 capping your upside. The hedge fund already sold it....
Taula Secures $1.75B, Pushes AUM Past $8.5B
Diego Megia’s macro hedge fund Taula has raised $1.75 billion in new cash, adding to its asset base as an expanding team of portfolio managers enhances its capacity to manage more money. Total AUM: more than $8.5 billion. That's despite...
Buy CZR, Short BOOT: Hedgeye Team’s Top Picks
Lots of alpha coming out of the team this morning with the Buy $CZR from Jenks @HedgeyeGLL and Short $BOOT barn from McGough @HedgeyeRetail
Beat 2025 Quant Hedge Returns in 2026
2025 quant hedge fund returns. And you think you cannot compete in 2026? You can, this is how:
CTAs Near Max Short, Set to Become Buyers
CTAs Near Max Short From GS via BBG: - CTA sold $190B this month and are now short $50B of global equities - Cullen Morgan: “The systematic community is running out of steam” “Asymmetry lives to the upside — over the next month,...
Hedge Funds Capitulate: Record US Selloff and Europe Shorts Surge
Hedge Fund Selling Shows Signs of Capitulation From GS via BBG: - “Some signs of capitulation are starting to emerge” - Funds cut global equities for a 6th straight week - Europe macro product shorts are at a 10-year high - CHART: US selling hit...
ARK Pivots From Chips to Biotech, Trims High‑beta Semis
Macro: ARK shifts from semiconductors to biotech. Key: sold ~$38M NVDA; bought $0.34M ARCT. Risk: tech momentum reversal. Trade: trim high-beta semiconductors. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Dragonfly Premium Top 10 Gains 54.5bp Weekly
Dragonfly Capital Premium Top 10 Equal Weighted added 54.5bp on the week using 60% of capital. YTD +12.96% https://t.co/b4n2bgl7Cl https://t.co/PuQHzHIraB
Hedge Funds Speak Out as Liquidity‑Driven Split Hits Partners
This week: *Millennium & Engineers Gate have ended their three-year partnership — not because of returns but because of liquidity terms. *The macro scoreboard: it's brutal. *Hedge funds rarely make public statements. This week they did. https://t.co/eZJvFgECEy
CTAs Unwind, Triggering Liquidity‑driven Price Decline
When CTAs unwind, they don't ask for permission. They sell into whatever liquidity is available. The signal is already at levels that preceded major drawdowns in 2022 and early 2024. Price follows positioning. It usually takes time a little longer than you...
Systematic Funds Still Long, Ready to Sell on Downtrend
Systematic funds haven't panic sold yet. CTA and vol-control models are sitting at neutral positioning right now. That means they still have long exposure to unwind. If this downtrend continues, these models will keep selling mechanically. No capitulation signal. Just more rules-based selling still...
JPMorgan Unveils CDS Basket to Short Major Tech Debt
JP Morgan has launched a basket of credit default swaps designed to let hedge funds bet against the debt of $GOOGL, $AMZN, $ORCL, $META, and $MSFT 👀 https://t.co/snSNwBvm2p
Cliffwater’s $33B Fund Cracks Under Redemption Pressure
Cliffwater is a $33B fund invested in 50+ other funds that are all gating simultaneously. $4.6B in unfunded commitments. 14% redemption requests. S&P negative outlook. “It all works great when no one wants their money back.”
AI Triggers Private Credit Collapse, Banks Offer Short Bets
PRIVATE CREDIT IS COLLAPSING DUE TO AI? BLACKROCK JP MORGAN ETC JP Morgan and Goldman Sachs are offering hedge funds away to short private credit… Week of 3/23/2026 #ai #finance #bitcoin #money