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:

We are near the bottom - we got the BTC wick to 76k - we got another CEX hack which usually signals the bottom - we have the „midterms overhang“ over by tuesday - hedgefunds previously derisked and are underexposed Peak bearishnes/fear in macro and crypto. I feel we have to be near the bottom. I just bought a call option on BTC and will dca in GOOGL (281$) and AMZN (226$) Will come back to this tweet in 2 months 🫡

Bloomberg: Hedge funds' "absorption of US government debt has outpaced other US creditors, leaving the funds with roughly 8.5% — or about $2.7 trillion — of outstanding Treasuries as of late last year. It’s a noteworthy sum given hedge funds’ ability to move rapidly, leverage their trades and their flexibility in selling a Treasury security." #economy# #markets# #hedgefunds# #bonds# #yields#

Hedge funds dumped technology stocks at one of the fastest paces on record last week, and the momentum crash that followed was the biggest in about 40 years. Even so, few on Wall Street are ready to call time on the AI boom.

Hedge funds are getting hit hard by the AI selloff, per BLoombergL VARA ($20B): down 33% in October, after a 44% drop in July Arini ($22B): down 26% Atreides ($3.4B): down 9.5% Lone Pine ($20B): down 8.8% Tiger Global ($78B): down 8.5% Whale Rock ($13B): down 8% Engineers Gate ($5B): down 5.5%, cutting its stock-picking team Marshall Wace ($70B): down 5.4% D1 Capital ($40B): down 5% Samlyn ($7B): down 5%, dumping all but financial stocks and cutting analysts Walleye ($17B): down 5%, cutting most of its equities team Balyasny ($37B): down 3.4% Sona ($25B): down 3% Brevan Howard ($35B): cutting 5 portfolio managers and its head of credit Diameter ($29B): wiped out its gains for the year

Hedge funds cut bullish crude bets by the most since June as the US and Iran struck rare de-escalatory notes, positioning them to profit from the selloff after the Democratic sweep of Congress

Hedge funds had been growing at the fastest pace in more than a decade earlier this year, and have been leaning almost exclusively on prime brokers for leverage. Some great charts from @bespokeinvest:

Hedge funds have been heavy sellers over the last few weeks of debt related to the artificial intelligence buildout, according to Andrzej Skiba, head of BlueBay US fixed income at RBC Global Asset Management