After building the Illinois Police Officers' Pension Investment Fund from scratch since joining in May 2021 as the plan’s debut investment chief, Kent Custer is ready to make sizeable investments in ...

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The global economy depends on physical and digital systems that operate largely behind the scenes. Power generation and ...

Third Point has sharply reduced its risk. The hedge fund firm headed by Dan Loeb told clients in its third-quarter letter, dated November 3, that it has “significantly” lowered its gross and net ...

Global distillate fuel supplies are constrained due to lost production from refineries in the Middle East, Russia and China.

Alternatives got correlated. Then bonds did too.The 60/40 portfolio had a remarkable run. For decades, government bonds did exactly what allocators needed them to do: rise when equities fell and ...

What a difference 17 years can make. In 1996 computer maker Apple hired Goldman Sachs Group to manage a $661 million convertible bond offering that helped it stave off bankruptcy. Last spring Apple — ...

The build-out of AI infrastructure is one of the largest private investment programmes in modern history. Spending on AI data centres, which covers the chips, networking, land, buildings and power ...

Macro investing continues to drive results at Greenlight Capital. But not always for a good reason. The strategy was responsible for virtually all of the value-oriented hedge fund’s 9 percent return ...

The traditional model of developing investment talent is no longer working. Complex forces are now reshaping every asset class at an unprecedented pace, demanding more than technical experts or siloed ...

Now that the federal government is signaling that its newly signed homeowner protection bill won’t be as prohibitive as its earlier incarnation, institutional real estate managers active in the sector ...

Greenlight Capital is back in the black. The hedge fund headed by David Einhorn, which has moved in the opposite direction of the stock market for most of the year, posted a strong 2.6 percent gain in ...