Market Volatility & Investment Strategy - Hedge funds are heavily shorting the VIX, indicating a significant bet against volatility [1] - The vanishing volatility and extreme short positions in VIX have historically preceded market turmoil [1]

Investment Strategy - The report suggests that hedge funds, quant shops, or short-sellers are not the answer [1]

Tax Structure - Private equity and hedge funds are structured as pass-through entities [1] - This structure allows them to pass their entire tax obligation to investors or limited partners [1]

Industry Focus - The report indicates that hedge funds, quant shops, or short-sellers are not the answer [1]

Alternative Investment Trends - Family offices are the fastest-growing market for alternative and private assets [2] - The number of family offices with exposure to alternative investments has increased by over 500% since 2016 [2] - There are now over 4,000 family offices with alternative investments, up from 651 in 2016 [3][4] Investment Preferences - Family offices are favoring private credit this year [4] - 39% of family offices plan to add or make new investments in private credit and private debt this year [4] - 29% of family offices plan to add or make investments in private equity [4] - Private credit is still a small share of the total family office portfolios at about 5% [5] - AI is the number one investment theme right now for family offices [8] Concerns and Challenges - Family offices are warning of higher fees and lower returns in private credit [5] - 72% of family offices say high fees are the biggest challenge to investing in private markets [6]

Market Trends - Investors are allocating capital to hedge funds at the quickest pace in ten years [1] - The influx of investment is driven by the expectation that volatile markets will generate substantial returns [1]

The answer is not hedge funds or quant shops or short-sellers https://t.co/AYenceRKF5 ...

RT CoinDesk (@CoinDesk)🔥LATEST: Scaramucci's Skybridge Capital to Tokenize $300M in Hedge Funds on Avalanche.@sndr_krisztian reports.https://t.co/4Vqh2OdFUy ...

Investment & Tokenization - Skybridge Capital plans to tokenize $300 million in hedge funds on Avalanche [1] Cryptocurrency & Blockchain - The tokenization will occur on the Avalanche blockchain [1]

Investment Vehicle Analysis - DATs (Decentralized Autonomous Trusts) are criticized as a combination of the worst aspects of hedge funds and SPACs, compounded by tax inefficiency [1] - DATs are subject to corporate income tax on staking yield, unlike ETFs (Exchange Traded Funds) [1] - DATs have high fees, allegedly to cover executive compensation, a cost not typically associated with ETFs [1]