Category: Hedge Funds & Asset Management
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Activist Autumn: Dan Loeb Takes Aim at Strata, and Elliott Joins GTCR in a $6.1 Billion Take-Private
Third Point’s new 13D on the former Blade Air Mobility says the business is strong but its overhead is not, and calls for a sale process. Elliott, meanwhile, is writing equity checks alongside a buyout firm. Two faces of the modern activist.
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$15.5 Trillion and Counting: BlackRock’s Quarter, and What It Means to Be the Market’s Landlord
Larry Fink’s firm took in $205 billion in a single quarter and now manages more money than the annual output of every country except the United States and China. The interesting parts of the release are in the margins: Aladdin, private markets, and a single hedge fund’s performance fee.
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The War Trade: How the Hormuz Shock Made 2026 the Year of the Commodities Desk
Trafigura’s first-half profit nearly tripled. CME just logged record volume, with micro crude futures up more than 300 percent. From Geneva trading houses to the old NYMEX floor’s descendants, the people who move barrels have had the year of their lives.
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The Pod Shop Scorecard: Citadel Pulls Ahead in September as Millennium Treads Water
Ken Griffin’s flagship gained 1.1 percent last month and is up 13.4 percent for the year. Izzy Englander’s Millennium was flat. Point72, Man and the rest of the multi-strategy elite fanned out behind them. A guide to the season’s standings.
