Core Viewpoint - Billionaire Ray Dalio emphasizes that gold is a safer investment compared to the US dollar, drawing parallels to its performance during the 1970s amid high inflation and economic instability [1][4]. Investment Strategy - Dalio suggests that gold should constitute approximately 15% of an investment portfolio, highlighting its role as an excellent diversifier [3][4]. - The price of gold has increased by over 20% since the end of July, reaching around $4,000 an ounce, influenced by factors such as government shutdown speculation and potential Federal Reserve interest rate cuts [3]. Economic Context - Dalio points out that rising government debt, geopolitical tensions, and diminishing confidence in national currencies contribute to gold's appeal as a store of value [4]. - The US dollar has weakened against major currencies this year, experiencing its largest decline since the 1970s, following uncertainties related to President Donald Trump's policies [3]. Market Observations - Dalio expresses concerns about the recent surge in stock market valuations, likening it to a potential artificial intelligence bubble, reminiscent of past speculative excesses [5][6]. - Despite reservations about stock valuations, Dalio sees opportunities in companies leveraging AI for efficiency or providing platforms for the technology [7].

Core Viewpoint - The ongoing rally in gold prices, which may reach $4,000 an ounce, signals underlying issues in U.S. markets, as highlighted by Ken Griffin of Citadel [2][6]. Group 1: Gold Price Predictions - Goldman Sachs analysts have raised their gold price forecast for December 2026 to $4,900 per ounce, up from a previous estimate of $4,300, due to strong inflows from western ETFs and central bank purchases [4]. - Goldman Sachs predicts that gold could trade near $5,000 an ounce by the end of next year, indicating a bullish outlook for the metal [3]. Group 2: Market Dynamics - The recent 17% rally in gold prices since August 26 is attributed to persistent ETF inflows and central bank buying, which are expected to continue [4]. - Analysts believe that ETF inflows will increase following anticipated 100 basis points in Federal Reserve rate cuts by mid-next year, suggesting that current ETF strength is sustainable [5]. Group 3: Investor Behavior - Ken Griffin warns that the preference for the dollar as a safe haven is diminishing, leading investors to seek alternatives like gold and bitcoin [6][7]. - There is a trend of asset inflation away from the dollar as investors look to diversify and reduce exposure to U.S. sovereign risk [7][8].

Systematic hedge funds have lost money every day since October began, according to a Goldman Sachs client note. ...

Core Insights - Miami's housing market is facing a potential bubble risk, with a bubble risk score of 1.73, indicating high risk compared to other major cities like Los Angeles and New York [4] - The housing inventory in Miami has returned to near pre-pandemic levels, but rising costs from deferred maintenance and surging insurance premiums are pressuring owners to sell [2][4] - Despite a forecast of negative price growth, a sharp correction in the housing market is not anticipated due to Miami's coastal appeal and favorable tax environment [1][4] Housing Market Dynamics - The report highlights that Miami has experienced the strongest inflation-adjusted housing appreciation over the past 15 years, with current price-to-rent ratios exceeding those seen during the 2006 property bubble [3] - Affordability for buyers in Miami has reached near record lows, with home prices diverging significantly from rental prices [3] Regulatory and Environmental Factors - Regulatory changes are compelling condo associations to address long-standing maintenance issues, leading to increased financial burdens on owners [2] - Environmental risks, such as flooding and hurricanes, are contributing to rising insurance premiums, further straining the housing market [2]

Financial analyst Gordon Johnson issued a stark warning on X, accusing the Federal Reserve of “grossly negligent” behavior in failing to curb inflation. He said rising costs are pushing Americans to the brink, stating that people “can no longer afford life” — a situation he warns could lead to social unrest.Supporting Johnson's concern, Citadel CEO Ken Griffin recently noted that inflation remains "substantially above target" and is expected to remain high into next year. He warned that U.S. monetary and fi ...

Core Insights - Wealthy families in the Gulf region are increasingly shifting their investment focus from traditional assets like real estate to cryptocurrencies and hedge funds, indicating a generational shift in investment strategies [1][9] - The Kanoo twins from Bahrain have been at the forefront of this trend, having initiated their family's investment in Bitcoin in 2020, which has since evolved into a broader strategy involving digital assets and hedge fund structures [2][3][4] Investment Trends - The Kanoo family office made a small initial investment in Bitcoin, which was later sold for a profit, leading to continued investments in digital assets [3] - The twins have established a separate digital asset firm to provide crypto investment services to both family offices and external clients, reflecting a growing trend among wealthy Middle Eastern families to diversify their portfolios [4] Market Dynamics - Major banks such as Citigroup, Barclays, and Deutsche Bank are expanding their wealth management divisions in the Gulf, anticipating a $1 trillion wealth transfer in the region [5] - Dubai has emerged as a hub for hedge funds, with over 70 operating in the city, while Abu Dhabi hosts global hedge fund players [5] Family Office Behavior - Gulf family offices are increasingly conducting their own due diligence and favoring diversified investments, with allocations of around $5 million making a significant impact on smaller hedge funds [6] - Despite the shift towards more aggressive investment strategies, Middle Eastern portfolios remain more conservative compared to Western counterparts, with a higher concentration in liquid assets and real estate [6] Governance and Generational Change - The governance structures of family businesses in the Gulf often involve multiple layers of checks, reflecting the generational divides within these families [7] - There is a growing interest in tokenized assets and digital yield strategies among Emirati families, indicating a broader acceptance of innovative investment vehicles [8]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- The family office of U.S. hedge fund veteran Jim Pallotta is expanding its bets on decentralized finance as private investment firms for the ultra-wealthy boost investments in digital assets. Pallotta’s Raptor Group is a major backer of a second fund being raised by a namesake venture firm that’s focused on new technologies including blockchain, according to a person with knowledg ...

(Bloomberg) -- The family office of U.S. hedge fund veteran Jim Pallotta is expanding its bets on decentralized finance as private investment firms for the ultra-wealthy boost investments in digital assets.Pallotta’s Raptor Group is a major backer of a second fund being raised by a namesake venture firm that’s focused on new technologies including blockchain, according to a person with knowledge of the matter.Raptor Digital is looking to gather $200 million from family offices and institutional firms for th ...

Homes destroyed in the Eaton Fire in Altadena in February. Hedge funds speculating on wildfire insurance claims in California were just dealt a legal blow, after the state adopted new legislation designed to stifle such bets. Under the law, approved last month by California Governor Gavin Newsom, alternative investment managers buying so-called subrogation claims from insurers would see those transactions voided unless the utilities targeted were given the option to settle on the same terms. Most Read f ...

They're still in the early innings of their careers, but these dealmakers and investors are already setting the agenda for the next era of finance.Each year, Business Insider spotlights up-and-coming Wall Streeters who are making an outsize impact in investing, trading, and dealmaking. The process starts with nominations from bosses, colleagues, recruiters, and other industry insiders. To be considered, nominees must be US-based, 35 or younger, and stand out among their peers. Business Insider's editors mak ...