Forada, a macro hedge fund managing money for investors including ExodusPoint Capital Management, is preparing to close a leveraged strategy it launched at the start of the year to new cash. The strategy, which uses twice the leverage of its original share class, has rapidly amassed $1 billion of assets, according to a person with knowledge of the matter. While most of the inflows have come from n...
Forada, a macro hedge fund managing money for investors including ExodusPoint Capital Management, is preparing to close a leveraged strategy it launched at the start of the year to new cash. The strategy, which uses twice the leverage of its original share class, has rapidly amassed $1 billion of assets, according to a person with knowledge of the matter. While most of the inflows have come from new investors, the vast majority of clients in the firm’s original single-levered fund have now also moved to the new strategy, the person said, asking not to be identified as the details aren’t public. The move reflects investors’ risk tolerance as they back managers using increased leverage in pursuit of higher returns. Forada’s standard single-leveraged iteration has returned 7.9% annually since inception in 2016 and is up 2.6% in the year through May, the person said. The double-leveraged fund was up 4.2% in the same period, they added. A representative for London-based Forada declined to comment. The capital raise has bolstered Forada’s firm-wide assets to a record $3.4 billion. That includes a separately managed account for ExodusPoint. The firm plans to close the double-leveraged hedge fund to new money in July, joining a wave of hedge funds spurning cash as they look to control their size. Firms including Swiss hedge fund ADAPT Investment Managers shut its doors to new capital in February, while UK based stock-pickers Greenvale Capital and Boldhaven Management were also preparing to turn away cash, Bloomberg has reported. Read more: Hedge Funds Say No to New Cash Just as Clients Rush to Allocate Hedge fund managers typically resort to restricting inflows or even returning capital in order to protect returns. That’s because size can be a hurdle when navigating volatile markets and within some asset classes. Macro trader Chris Rokos ’ hedge fund firm last year planned to cap its assets at $20 billion and return excess cash, while Marshall Wace handed back billions of d...
Complaints-led approach could pile £6bn of extra costs on to lenders, says City watchdog Business live – latest updates The City watchdog has warned that a wave of legal challenges to the compensation scheme for victims of the motor finance scandal could leave drivers waiting three more years for payouts, while piling £6bn of extra costs on to lenders. Bosses at the Financial Conduct Authority (FC...
Complaints-led approach could pile £6bn of extra costs on to lenders, says City watchdog Business live – latest updates The City watchdog has warned that a wave of legal challenges to the compensation scheme for victims of the motor finance scandal could leave drivers waiting three more years for payouts, while piling £6bn of extra costs on to lenders. Bosses at the Financial Conduct Authority (FCA), who have consistently hit out at lenders and a consumer claims group for challenging its scheme, told MPs the scandal could affect lenders for years, and have “consequences” by stretching its resources. Continue reading...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Even with the market close to all-time highs, we can still find interesting opportunities if we are a bit active. That happens because from time to time there can be some pockets of fear despite general market bullishness. I think that one such pocket of fear is in the market’s view about Broadcom Inc. ( AVGO ) today. Yes, Broadcom is a...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Even with the market close to all-time highs, we can still find interesting opportunities if we are a bit active. That happens because from time to time there can be some pockets of fear despite general market bullishness. I think that one such pocket of fear is in the market’s view about Broadcom Inc. ( AVGO ) today. Yes, Broadcom is a major player in AI semiconductors, the queen of growth in the last years. And let’s be clear, we are not talking here about a cyclical name, or about an unprofitable name. No, we are talking about one of the strongest economic moats, a highly profitable company which is still estimating very high growth at least for another two years ahead. And yet, as I’ll describe below, I think that Mr. Market is underestimating them, with a major negative reaction after their recent earnings. It doesn’t matter too much why, perhaps due to a perceived structural gross margin decline, I’ll try to tackle it in detail below. However, it does matter that the market is close to all-time highs, therefore a general market (or industry) correction in this period with geopolitical crisis, with possible supply chain issues, could drag Broadcom even more down in the short-term, that’s why I will present a gradual strategy. Business Analysis and Economic Moat Broadcom has 2 main business segments : Broadcom Business Segments (Earnings Presentation) Semiconductor solutions This segment has several sub-segments that I want to analyse in detail, focusing especially on their competitive moat for each sub-segment: Custom Silicon Solutions Their main customers are Alphabet ( GOOGL ), where they have a first mover advantage (they are beginning to sell those TPUs to third parties), Meta ( META ), OpenAI ( OPENAI ), Anthropic ( ANTHRO ), and two other customers. I see a strong moat for this sub-segment (~29% of total revenue), based on some cost advantages with their partnership with Apollo and Blackstone (...
Belfast Horror: African Migrant Tries To Saw Off Victim's Head In Street Attack Authored by Steve Watson via modernity , Authorities and the media have scrambled to soften language around a graphic knife assault last night by an apparant African migrant that has left a local Belfast man fighting for his life with devastating injuries . Horrifcic footage shows the attacker straddling the victim and...
Belfast Horror: African Migrant Tries To Saw Off Victim's Head In Street Attack Authored by Steve Watson via modernity , Authorities and the media have scrambled to soften language around a graphic knife assault last night by an apparant African migrant that has left a local Belfast man fighting for his life with devastating injuries . Horrifcic footage shows the attacker straddling the victim and repeatedly stabbing his head before sawing at his neck in a clear attempt to behead him. Bystanders screamed in horror as the attack unfolded. However, police have described it as nothing more than a "stabbing incident" involving "a man." The assault happened shortly after 10:30pm on Monday on Kinnaird Avenue in north Belfast. the attacker hacked at his victim's head and neck with a small box cutter style Stanley knife. Locals rushed in to drag the assailant off, batting him with blunt objects before police finally arrived. African migrant just tried to behead a white man in North Belfast, Ireland. Video is too graphic to post. pic.twitter.com/ih5uVA4px6 - End Wokeness (@EndWokeness) June 8, 2026 Bystanders could be heard yelling: "He's trying to cut his head off." The victim is understood to be alive in hospital at the time of writing but has sustained life-altering injuries. Speculation online points to the possibility he has lost both eyes after the frenzied assault. WARNING - EXTREMELY GRAPHIC VIDEO: Watch video The Police Service of Northern Ireland issued a statement calling it merely a "stabbing incident." They confirmed one man has been arrested and another taken to hospital with serious injuries. There was no mention of the attacker's background, immigration status, or the obvious attempt to decapitate the victim. Just another 'stabbing' by a 'man', nothing else to see here. https://t.co/f0KdwKNF7d - m o d e r n i t y (@ModernityNews) June 9, 2026 It wasn't just a "stabbing incident". We all saw the video. The migrant was attempting to saw a guys head off - Inevit...
The recent Amazon infrastructure pact proves that hyperscalers are abandoning legacy copper cables in favor of advanced optical fiber for high-speed computing.
The recent Amazon infrastructure pact proves that hyperscalers are abandoning legacy copper cables in favor of advanced optical fiber for high-speed computing.
BioMark Diagnostics ( BMKDF ) announced on Tuesday that the USPTO granted a Notice of Patent Allowance for its lung cancer detection technology using urine samples. The patent expands the company's metabolomics platform beyond blood tests and covers lung cancer detection, screening, treatment monitoring, staging, and drug evaluation. The company said its metabolomics-based approach could provide a...
BioMark Diagnostics ( BMKDF ) announced on Tuesday that the USPTO granted a Notice of Patent Allowance for its lung cancer detection technology using urine samples. The patent expands the company's metabolomics platform beyond blood tests and covers lung cancer detection, screening, treatment monitoring, staging, and drug evaluation. The company said its metabolomics-based approach could provide an earlier and less invasive alternative to traditional DNA-based tests. The company is targeting the lung cancer liquid biopsy market, which is projected to exceed $24B by 2035. Source: Press Release More on Biomark Diagnostics Inc. Financial information for Biomark Diagnostics Inc.
Baron Discovery Fund underperformed its benchmark in Q1 2026, falling 10.65% as compared to a 2.81% decline for the Russell 2000 Growth Index. Among portfolio changes, the fund established new positions in Forgent Power Solutions (NYSE: FPS ) and Enpro (NYSE: NPO ). Portfolio exits during Q1 2026 included Exact Sciences, Masimo (NASDAQ: MASI ), Clearwater Analytics (NYSE: CWAN ), Arcellx ( ACLX ) ...
Baron Discovery Fund underperformed its benchmark in Q1 2026, falling 10.65% as compared to a 2.81% decline for the Russell 2000 Growth Index. Among portfolio changes, the fund established new positions in Forgent Power Solutions (NYSE: FPS ) and Enpro (NYSE: NPO ). Portfolio exits during Q1 2026 included Exact Sciences, Masimo (NASDAQ: MASI ), Clearwater Analytics (NYSE: CWAN ), Arcellx ( ACLX ) and GitLab (NASDAQ: GTLB ). Source . More on Baron Discovery Fund;Retail Baron Discovery Fund Q1 2026 Commentary
DNY59/iStock Unreleased via Getty Images Elon Musk has frequently questioned the value of higher education, but many universities are poised to benefit handsomely from one of his biggest business successes, The Wall Street Journal reported Tuesday. SpaceX's ( SPCX ) upcoming initial public offering is expected to generate substantial gains for college and university endowments that invested in the...
DNY59/iStock Unreleased via Getty Images Elon Musk has frequently questioned the value of higher education, but many universities are poised to benefit handsomely from one of his biggest business successes, The Wall Street Journal reported Tuesday. SpaceX's ( SPCX ) upcoming initial public offering is expected to generate substantial gains for college and university endowments that invested in the company through venture capital firms and private-market funds. Endowment executives say SpaceX ( SPCX ) has become one of the most widely held private investments across higher education portfolios. Several institutions have unusually large exposure to the company. The University of North Carolina system has roughly 10% of its endowment tied to SpaceX ( SPCX ), largely through an early investment with Founders Fund. Washington University in St. Louis reportedly has a mid-teens percentage of its endowment linked to the company, while Stanford University also holds a significant position through multiple venture capital managers. SpaceX's ( SPCX ) valuation has climbed dramatically over the past several years, rising from about $140 billion in late 2022 to roughly $1.77 trillion based on a planned share sale announced last week. The surge reflects the company's expansion beyond rocket launches into satellite internet, social media and artificial intelligence initiatives. The gains could translate into billions of dollars in paper profits for some institutions. However, endowment managers caution that not all of the value will be immediately available. Many endowment assets are legally restricted for specific purposes, and some schools may face lockup periods that limit their ability to sell shares after the IPO. The rapid appreciation has also created portfolio-management challenges. Universities generally seek diversified holdings and may reduce their SpaceX ( SPCX ) exposure after the company begins trading publicly. Some institutions have already sold portions of their s...