14 March 2023: In the wake of the biggest rout in bank stock values since the 2008 Global Financial Crisis following the collapse of Silicon Valley Bank, Reuters presents a roundup of opinion from asset management experts on the febrile nature of current financial markets and what they see as the ramifications of this for investors, hedge funds and future Fed policy. Patrick Ghali contributes. The Reuters roundup can be read here.
13 March 2023: AFI reports on the immediate aftermath of the collapse of Silicon Valley Bank. While editor Will Wainewright writes that hedge funds have made more than $1bn shorting SVB, according to data provider Ortex, Patrick Ghali cautions on the dangers of "irrational and volatile" markets for short sellers. Winners and losers will certainly be made but predicting who will fall into which camp is the challenge. Click here for the full article.
06 March 2023: Laurence Fletcher takes a deep dive look into Citadel for the Financial Times. Jim Neumann comments on how the firm's commitment to energy investments and trading contributed to an "eye popping" year for Citadel in 2022, leading to it overtaking Bridgewater as "the most successful hedge fund of all time". An interesting read, the full article can be accessed here by FT subscribers.