Look, I won. Thank you so much. And it's wonderful to be partnered up with Simon Johnson on our new podcast, Power and Consequences.A little audacious, because in the world of economic Minstrels, do we need another two folks out there doing podcasts. But we're going to have some fun with it and speak about that. Look, in terms of private credit, I think that it's there's some risks there, but it's a small part of our overall capital markets.Don't forget us capital markets, 150 trillion or so. And this is a ...

Rokos Capital Management and Pharo Capital Management, two of London’s best-known macro hedge funds, notched gains last month as volatility gripped global markets https://t.co/oiLu7YCoeD ...

Michael Platt’s BlueCrest Capital Management will head to the UK's top court over a £200 million tax bill in a case that’ll decide how senior traders are taxed across an array of hedge funds https://t.co/K22LG1SU41 ...

Two Sigma Investments is starting new hedge funds and drawing fresh cash, with many clients undeterred by the long-running feud between its billionaire founders. https://t.co/XrVI6iW9YZ ...

Business Strategy - Point72 is establishing a new equities unit [1] - The move aligns Point72 with other mega-multistrategy hedge funds operating multiple stock-picking businesses [1]

Market Trends & Dynamics - Unprecedented demand for precious metals, including gold, from new clients like large corporations and family offices [2] - Significant price dislocations between key trading hubs have created lucrative arbitrage opportunities [3] - Fears of U S tariffs on silver, platinum, and palladium persist in the market [3] - Spot gold trading in London has increased more than threefold since 2021, averaging nearly $600 billion per week recently [6] Talent & Compensation - Banks have underinvested in their gold trading teams, resulting in a shallow talent pool [5] - Physical trading houses and hedge funds are actively poaching gold traders [8] - Bonuses at physical trading houses can be 2 to 3 times higher than those at banks, leading to high turnover [10] - Traders with expertise in macro forces and the practicalities of physical metal movement are highly sought after [7] Key Players - JP Morgan and HSBC are historically dominant banks in gold trading [5] - Physical trading houses and hedge funds are increasingly active in exploiting arbitrage opportunities [4]

Market Trends & Legal Challenges - Wall Street banks are facilitating bets against the legality of President Trump's tariffs [1] - Hedge funds are wagering that the Supreme Court will overturn the tariffs [1] Potential Investment Opportunities & Risks - These long-shot trades could yield substantial profits for hedge funds if the tariffs are struck down [1] - The trades represent a bet against the administration's key policy [1]

The BOE will speed up the publication of minutes to its meetings with major banks and hedge funds after traders warned that the attendees may gain unfair access to market-moving information https://t.co/3q4YWkDPy4 ...

Regulatory Scrutiny - Democratic Senator Elizabeth Warren requested information from hedge funds and asset managers regarding their potential involvement in the Trump administration's decisions concerning financial support to Argentina [1]

Heirs steer Gulf family fortunes into assets like crypto or hedge funds as $1 trillion wealth transfer looms https://t.co/B46b5Yohk7 ...