📈 #Hedgefund# demand remains strong heading into H2 2026. Investors are increasingly prioritizing liquidity, diversification and portfolio resilience, with more than 40% expected to be net allocators by 2H26. Read our H2 2026 Hedge Fund Outlook:

Strong performance is reinforcing the case for #hedgefunds#. 📊 Discretionary Equity led recent returns, while Quant Equity remains the standout performer over the last five years. Learn more:

Hedge fund Treasury holdings: $2.35 trillion, up 154% in 5 years. They now own a record ~7% of the marketable Treasury market. Why? The basis trade, arbing tiny price differences between cash bonds and futures using heavy leverage. Banks can't absorb enough new supply, so levered hedge funds are filling the gap. The US Treasury market is increasingly dependent on a crowded, leveraged trade to function. h/t @KobeissiLetter

Hedge funds have become a major driver of the US Treasury market. Hedge fund cash Treasury holdings stood at $2.35 trillion in Q1 2026, the 3rd-highest reading on record. Over the last 5 years, this figure has surged +154%, or +$1.42 trillion. For perspective, marketable Treasury debt outstanding increased +44% over the same period, to a record $32.2 trillion. As a result, hedge funds now own a record ~7% of the marketable Treasury market, up from ~4% in 2021. A major driver behind the surge is the cash-futures basis trade, where hedge funds take offsetting positions in Treasury securities and futures to profit from small price differences. Because these gains are small, the strategy involves significant leverage. This leverage allows hedge funds to absorb more Treasury debt at a time when the banks that normally help absorb new Treasury supply have limited capacity to hold more bonds. Hedge funds are changing how the Treasury market works.

Hedge fund founder Chris Rokos is set to leave the UK, the latest high-profile exit by one of the country’s top taxpayers. Liza Tetley explains why he's joining the ranks of billionaires quitting Britain