'Only so much alpha in the world': why hedge funds face a reckoning
The multi-manager model has generated years of exceptional returns. But rising interest rates and a brutal battle for talent are now taking their toll.
Source: afr.com
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Goldman's digital hedge-fund matchmaking push boosted by lockdowns
By Maiya Keidan (Reuters) – Goldman Sachs’ long-planned online migration of some lucrative prime-brokerage businesses picked up steam during the pandemic as hedge funds and investors working from home were unable to meet in person, while other Wall Street banks are taking more measured steps. Last July, Goldman Sachs Group Inc launched Marquee Connect, offering online virtual introduction services for top clients. Other prime brokers told Reuters they were also moving to bring some prim...
Source: wtbx.com