Opalesque

Hedge funds have just delivered their best first half in 13 years, Millennium pods are printing billions, and the yen has sunk to a 40-year low - yet beneath the celebration, the industry is quietly splitting into AI winners and everyone else. This edition of Alternative Markets Weekly synthesizes the week's most important developments across performance, capital flows, talent, macro risk, activism and digital assets, anchored by this week's Opalesque Exclusives.

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Immanuel Kant Matthias Knab, Opalesque for New Managers: On July 9th, participants from 28 countries joined Opalesque's "Kant & Capital" webinar - not for a lecture, but for a workshop. The premise: after sixty years of labels - SRI, triple bottom line, ESG, impact - each of which fell short of its promise, it may be time to stop refining frameworks and start asking a more fundamental question about principles.

Currently: Cash Looking to: Buy @ 0.74792 As of 3/21/21 @ 9:08pm EST: 0.77161 LAST WEEK: We suggested buying at 0.74792 with stops on a close below 0.74500 with a selling target at 0.80516. Shorts were suggested at 0.81113 with stops on a close above 0.81250 and with the idea of holding for a while. UPDATE: AUDUSD faded into the weekend on Friday and looks to us like it still needs to work its way down to 0.74792 before any real stabilization occurs in the short-term.

Logon Details Not a member yet? Get Instant Access * Why register? Since 2003, Opalesque publishes news and research for finance professionals and investors. Some of this material is not directed at the retail public, therefore registration is required. Click here for Reader Testimonials and click here to get FREE access to our award-winning publications. Already a member? Sign-in here You can only login, if you are subscribed to our newsletter and your subscription period has already begun.

Matthias Knab, Opalesque for New Managers: Hedge funds gained in June, posting their third consecutive monthly advance, driven by record equity levels, investor optimism over falling energy prices and a favorable resolution of the Iran military situation, and hedge fund exposure to the record SpaceX IPO.

Logon Details Not a member yet? Get Instant Access * Why register? Since 2003, Opalesque publishes news and research for finance professionals and investors. Some of this material is not directed at the retail public, therefore registration is required. Click here for Reader Testimonials and click here to get FREE access to our award-winning publications. Already a member? Sign-in here You can only login, if you are subscribed to our newsletter and your subscription period has already begun.

Currently: Cash Looking to: Sell T-Note Price futures @ 1.48% yld As of 3/21/21 @ 9:27pm EST: 1.691% yield LAST WEEK: We suggested selling longs / getting short of 10-year T-Note price futures at 1.392% on the 10-year Treasury yield. UPDATE: Treasury yields simply have not let up on their advance. Right now, it looks like they want to continue to work higher towards 1.972% or higher. We would sell longs / get short of 10-year T-Note price futures when yields re-test support at 1.48%.

Currently: Long Looking to: Sell @ 2,670 As of 3/21/21 @ 7:58pm EST: 2,278.80 LAST WEEK: We suggested buying between 2,275 and 2,300 with an upside target of 2,670. UPDATE: Small caps had a tough day Thursday along with the rest of the equity space. However, we believe they may have set a short-term bottom that day and that they could be on their way to new highs near 2,670. Buy between 2,250 and 2,300 and hold for a move up to 2,670.

Currently: Cash Looking to: Short @ 1,765.50 As of 3/21/21 @ 9:02pm EST: 1,738.90 LAST WEEK: We suggested covering shorts / getting long at 1,655 with stops on a close below 1,617 and with a target of 1,775 for selling longs / getting short. Stops on shorts were suggested on a close above 1,783 and we gave a target of 1,655.