Allocators that crowded into the biggest hedge funds are worried about these managers crowding into the same trades
Allocators are growing more worried about crowding at hedge funds. But these same investors are increasingly concentrating their portfolios into the same few mega firms, according to a new Bank of America survey of allocators. The survey — which spoke to 160 allocators with roughly $680 billion invested in around 4,300 hedge funds globally —…
Why best-selling novelist James Patterson loves Substack — and hates AI
James Patterson, with the help of several co-authors, produces multiple books a year. He says he still has time to make more stuff — like a new Substack. James Patterson does not need another place to write. The best-selling novelist is already famously productive: By collaborating with a platoon of co-authors, he’s been able to…
German spy chief warns that suspected sabotage almost caused a plane crash when a parcel caught fire
Thomas Haldenwang, the head of Germany’s domestic intelligence service. A plane crash was narrowly avoided when a package caught fire before being loaded on board, in what German intelligence suspects was an act of sabotage. Thomas Haldenwang, the head of Germany’s domestic intelligence service, shared the story on Monday in front of a parliamentary committee…
We should be learning from Chinese EV players, not shutting them out of Europe — auto bosses say
Stellantis CEO Carlos Tavares said the company had decided to “hop on their train instead of letting it run us over” through its partnership with Chinese firm Leapmotor. European car bosses have a solution to the Chinese EV invasion — if you can’t beat them, at least learn from them. Speaking at the Paris Motor…
Trump tries once again to get NY hush-money case moved to federal court on immunity grounds
Lawyers for former President Donald Trump have filed a brief seeking again to transfer his hush-money case to federal court. Lawyers for former President Donald Trump have filed a 99-page appellate brief seeking again to transfer his hush-money case to federal court. The brief filed Monday night to the Second Circuit Court of Appeals in…
I’m a psychotherapist who’s seeing a spike in election-related anxiety among my patients. Some of them are secretly voting for Trump.
The psychotherapist and author Jonathan Alpert is seeing increasing levels of election-related anxiety among his patients. With this election there seems to be even more polarization than in years past, even more misinformation, and lots of uncertainty in our society. This uncertainty leads to instability and fear about the future, resulting in heightened anxiety over…
Kamala Harris wants to expand student-loan forgiveness for 10,000 doctors and nurses who agree to work in rural areas
Vice President Kamala Harris proposed expanding student-loan forgiveness for rural healthcare workers. Vice President Kamala Harris has a plan to bolster healthcare in rural communities in the US — and she wants to try to lure thousands of medical professionals to underserved areas. On Tuesday, Harris’ campaign released a new initiative to invest in rural…
Russia’s imports from China surged in September as Moscow and Beijing deepen economic ties
Total trade between Russia and China has notched 1.28 trillion yuan from the start of the year through September, according to Chinese customs data. Russia’s imports of goods from China increased sharply last month, a sign that Moscow is leaning more heavily on Beijing after the two countries affirmed their economic ties. China exported around…
Banning phones in school is the easy part. The hard part is what to do about social media.
In the running debates on teens and kids using cellphones in school — and social media’s effects on young people — there’s at least one thing most adults seem to agree on: banning phones in school. The Pew Research Center just released a report on recent polling in which 68% of adults surveyed said middle-…
