Core Insights - Recent arrests of NBA figures Chauncey Billups and Terry Rozier highlight ongoing issues of financial misconduct, particularly in insider trading, which has historically involved high-profile individuals across various sectors [1] Insider Trading Cases - Rajat Gupta, former Goldman Sachs director, was sentenced to two years for leaking confidential information to Raj Rajaratnam, who made millions from these tips between 2003 and 2009 [5] - Raj Rajaratnam received an 11-year prison sentence in 2011, the longest for insider trading in U.S. history, and was ordered to forfeit $53.8 million and pay a $10 million fine [6] - Kenneth Lay and Jeffrey Skilling, former Enron CEOs, were convicted in 2006 for conspiracy and securities fraud related to Enron's collapse, with Skilling initially sentenced to 24 years, later reduced to 14 years [9][10] - Martha Stewart faced SEC charges in 2003 for insider trading related to ImClone Systems, avoiding losses of over $45,000, but was convicted of making false statements and served five months in prison [13][14] - Steve Cohen, hedge-fund manager and owner of the New York Mets, was accused of failing to supervise employees involved in insider trading, leading to a $1.8 billion penalty for his firm, SAC Capital Advisors, in 2013 [17][18] - Ivan Boesky, a prominent arbitrageur in the 1980s, was sentenced to three years in prison and fined $100 million for insider trading related to merger announcements [21]

Dmitry Balyasny Dmitry Balyasny’s hedge fund firm is making an aggressive push in Asia by hiring for a team led by a portfolio manager who was lured with a potential $30 million package earlier this year. Balyasny Asset Management recruited four people for the Asia macro trading pod headed by yen rates specialist Ron Choy, according to people with knowledge of the matter. The hires include Shumpei Kobayashi and Romain Vincent, who worked with Choy at BlueCrest Capital Management in Singapore, said the pe ...

The smart money is piling back into hedge funds. Industry assets just climbed to a fresh record —$5 trillion, according to Hedge Fund Research. The third quarter of 2025 saw almost $34 billion in net inflows , the largest quarterly haul since 2007, before the financial crisis changed investors’ views on risk. The new assets under management record is about that fresh money, but it’s also about the strong performance that’s functioning to attract that cash. Average returns of 5% for the quarter encouraged ...

吴说获悉，据 Finance Feeds，对冲基金巨头 Citadel 创始人兼首席执行官 Ken Griffin 向美国证券交易委 员会（SEC）提交文件，披露其个人持有数字资产金库公司 DeFi Development Corp.（DFDV）4.5% 股 份，约 130 万股普通股，价值约 6 亿美元。此外，Citadel Advisors LLC 及其关联实体亦持有约 80 万股 DFDV，占公司 2.7%。DFDV 主攻 Solana（SOL）资产储备，是目前第二大 Solana 金库公司。 （来源：吴说） 来源：市场资讯 ...

As gold pushed higher and higher into uncharted territory in recent weeks, even die-hard enthusiasts warned that the rapid rally was getting out of hand. Now, with prices plunging, they’re keeping faith that bullion’s longer-term bull market isn’t over yet. Kevin Smith, who runs the $420 million Crescat Capital hedge fund, has been bullish on gold since 2019, when prices were trading below $1,500 an ounce. After a 6.5% selloff over the past two days that’s taken prices near $4,000, he says it’s still a bu ...

Core Insights - Ken Griffin, founder of Citadel Advisors, manages approximately $115 billion in assets and is known for his influence in market trends through quantitative trading and risk management [1][2] - Griffin's recent investment of $800,000 in a crypto treasury company highlights the growing institutional interest in digital assets, particularly as a means to gain exposure without the complexities of direct ownership [2][3] Investment Strategy - Tracking trades by superinvestors like Griffin can reveal undervalued assets, but investors should conduct thorough due diligence rather than blindly following these trades [2] - The crypto treasury company, DeFi Development (NASDAQ:DFDV), has transitioned to focus on digital asset accumulation, reflecting a new asset class driven by blockchain technology [3][4] Company Overview - DeFi Development went public in July 2023 with a $5.65 million IPO and shifted its focus to digital assets after a change in control in April 2025, resulting in a share price increase of over 2,000% [4][5] - As of June, DFDV held $97 million in digital assets, primarily Solana (CRYPTO:SOL), and generates revenue through a hybrid model of SaaS and crypto treasury operations [5] Citadel's Investment - Citadel participated in DFDV's $124 million private placement in August, acquiring shares at $12.50 and investing in locked SOL, marking a significant hedge fund entry into a Solana-focused treasury vehicle [6]

Death of a hedge fund prodigyChris Callahan was a rising star running his own fund in Canada's high-stakes, high-pressure investment world. Then everything went wrong. His investors lost millions. His family and friends lost even moreArticle contentChris Callahan spent Thanksgiving 2023 at his family’s cottage on Georgian Bay in Ontario. The cottage was a special place: the scene of boat trips, marathon Scrabble tournaments, swims, nights gazing up at the shooting stars and epic gatherings of Chris and his ...

Core Viewpoint - Investors are increasingly turning to gold as a hedge against inflation, which has significantly eroded purchasing power over the decades, with $100 in 2025 equating to just $12.05 in 1970 [1][3]. Group 1: Economic Context - Economic uncertainty, persistent inflation, high equity valuations, and geopolitical tensions are driving investors towards traditional safe havens like gold [2][6]. - Gold prices have surged over 50% in the past year, recently exceeding $4,200 per ounce, with potential for further increases to $5,000 or even $10,000 [2][3]. Group 2: Investment Perspectives - Jamie Dimon, CEO of JPMorgan, acknowledges the high asset prices and suggests that it is rational to include gold in investment portfolios during such times [2][4]. - Gold is viewed as a natural hedge due to its scarcity and independence from central bank policies, making it appealing during financial volatility [5][6]. Group 3: Portfolio Allocation - Prominent investors like Ray Dalio and Jeffrey Gundlach advocate for a significant allocation to gold in investment portfolios, suggesting that 25% is not excessive [7]. - Gold is considered an effective diversifier and an insurance policy against economic downturns and dollar weakness [7]. Group 4: Alternative Investment Options - Gold IRAs offer a way to invest in physical gold or gold-related assets within a retirement account, combining tax advantages with the protective benefits of gold [9]. - Real estate is also highlighted as a powerful hedge against inflation, with property values and rental income typically rising during inflationary periods [11][12]. Group 5: Art as an Investment - Art investments are gaining traction as a way to diversify and preserve wealth, with platforms like Masterworks making high-end art investments accessible to a broader audience [20][22]. - The sale of a collection owned by Paul Allen for $1.5 billion underscores the potential value appreciation in art during inflationary times [21].

Core Insights - The article highlights Steven Cress's role as VP of Quantitative Strategy and Market Data at Seeking Alpha, emphasizing his contributions to the platform's quantitative stock rating system and analytical tools designed for investors [1][2][3] Company Overview - Seeking Alpha has developed a quantitative stock rating system that interprets data for investors, aiming to provide insights on investment directions and save time for users [1][2] - The platform features a systematic stock recommendation tool called Alpha Picks, which assists long-term investors in creating a high-quality portfolio [1][2] Leadership Background - Steven Cress previously founded CressCap Investment Research, which was acquired by Seeking Alpha in 2018, enhancing the platform's quant analysis and market data capabilities [3] - He also established the quant hedge fund Cress Capital Management and has extensive experience in proprietary trading at Morgan Stanley and international business development at Northern Trust [3][4] Expertise and Approach - With over 30 years of experience in equity research, quantitative strategies, and portfolio management, Steven Cress is positioned to address a variety of investment topics [4] - The company emphasizes a data-driven approach to investment decisions, utilizing sophisticated algorithms to simplify complex research and provide daily updated stock trading recommendations [2]

Performance Overview - Arquitos achieved a net return of 29.6% in Q2 2025, with a year-to-date return of 66.8% [3] - The fund's performance is evaluated on an absolute basis rather than relative to market indices [4][5] - The S&P 500 has returned 14.4% annually since the fund's inception, while small caps, represented by the Russell 2000, have returned 10.0% annually [7] Benchmarking Strategy - The Russell 2000 Small Cap Index will be used as the primary benchmark for Arquitos, reflecting the focus on smaller companies [9] - The fund's strategy involves holding investments for extended periods, allowing for business evolution and market recognition [10] Key Holdings Liquidia Corporation (LQDA) - Liquidia's share price increased from $11.76 to $22.74 in 2025, primarily through long-dated call options [10] - The FDA approved Liquidia's product Yutrepia in May 2025, which has shown strong initial demand with over 900 prescriptions in the first 11 weeks [11][12] - The share price may be affected by the upcoming ruling in the '327 patent dispute, with expectations of a favorable outcome [14] ENDI Corp (OTCQB:ENDI) - ENDI's share price rose from $11.43 to $17.50, with assets under management increasing to $4.2 billion [18][19] - The company holds approximately $53 million in cash and investments, with a market capitalization of about $95 million [20] Finch Therapeutics (OTCPK:FNCH) - Finch's share price increased from $11.30 to $12.28, following a jury trial win against Ferring Pharmaceuticals [21][22] - The potential for enhanced damages from the trial verdict could significantly increase Finch's share value [23] Investment Philosophy - The investment strategy emphasizes patience and long-term value, with a focus on total return over the holding period [24][25] - The fund's performance has been strong in 2025, with expectations for continued undervaluation in core holdings [25]