Author: Charlotte

Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.Hedge fund DE Shaw is prolonging the amount of time it will take for investors to pull out their money as the industry moves towards greater control over redemptions.The more-than $90bn multi-strategy hedge fund told investors this week that it was extending the redemption period to retrieve money from its flagship multi-strategy Composite fund to four years and its macro-focused Oculus fund to three years, according to people familiar with the matter.DE Shaw is following in the steps of rivals including Millennium…

Ethereum has lost more than 60% from its 2025 peak near $5,000, and the sustained decline is prompting some of the token’s most visible long-term advocates to reassess their positions.Bankless co-founder David Hoffman recently disclosed that he has sold his entire Ethereum holding, a move that caught the crypto community off guard, given that Hoffman spent years promoting the concept of ETH as money and was one of the ecosystem’s most recognisable voices.Why Hoffman SoldHoffman was careful to clarify that the decision was not driven by a negative view of Ethereum as a network. In his view, Ethereum has already…

Voya Investment Management, the asset management business of Voya Financial Inc., launched a multi manager series of collective investment trusts featuring private market investments designed for defined contribution retirement plans.V-ALT Multi-Manager Alternative Fixed Income and V-ALT Multi-Manager Alternative Equity will initially be available through advisor-managed accounts on Voya’s Retirement platform. Global Trust Company, an independent trust company, is the trustee for the V-ALT CITs. Voya Investment Management Co. LLC serves as non-discretionary investment advisor, advising on initial manager selection, portfolio design and allocation recommendations. GTC serves as the trustee and discretionary manager, retaining authority over final investment decisions, implementation and ongoing…

Oxford Economics Australia worked with AEMO to assess how tariffs could affect Ontario municipal capital expenditure. Using bespoke economic modelling, trade exposure analysis, and scenario-based forecasting, we quantified the direct cost impacts of tariffs across key infrastructure asset types and produced the Tariff Impacts on Ontario Municipality Capital Expenditure report. Background Ontario municipalities face rising pressure to deliver critical infrastructure while managing construction cost escalation, supply chain constraints, and policy-driven trade risks. For investors, operators, and public-sector decision-makers, understanding how tariff changes flow through to capital programs is essential for budget planning, asset strategy, and long-term resilience. Oxford Economics was commissioned to…

Bitcoin price continued its strong crash today, June 4, reaching its lowest level since March this year, continuing a downward trend that started mid May. BTC plunged to $61,325, erasing billions of dollars in value. This crash is happening as Wall Street investors continue dumping the coins.A closer look at third-party data shows that Wall Street investors are actively selling their Bitcoin holdings. In just three days alone, these investors have dumped ETFs worth over $1.4 billion. The investors sold ETFs worth over $2.4 billion last month, ending a two-month buying spree. Most of this selling is coming from BlackRock’s IBIT…

The British Dental Association raised concerns that the 25 new dental training places being created at the University of East Anglia’s school is unlikely to do much to end the so-called “dental desert”. Advocates of the school, which will take on its first students next year, have said it has the potential to help ease the situation which makes it impossible for many in Norfolk to get NHS dental treatment. The thinking is that some of those who do their training at the new school – at the Edith Cavell building at the Norfolk and Norwich Hospital – will go…

Big Brother Australia’s famous house is tipped to leave the Gold Coast for a Brisbane studio lot, marking another major shift in the reality show’s long history. Big Brother Australia’s famous house is tipped to leave the Gold Coast for a Brisbane studio lot, in a move that could reshape Ten’s reboot. An industry insider said Screen Queensland Studios at Hemmant had emerged as the most likely frontrunner if the show leaves Dreamworld, where Channel 10 returned the franchise in 2025. The move would shift the show into a 3.6ha production base with two 3000sq m sound stages, three warehouse…

If you’d never previously heard of Jibar (the Johannesburg Interbank Average Rate) or Zaronia (the South African Rand Overnight Index Average), you’d be forgiven for thinking they sound like prescription medications or swanky cocktail lounges. In reality, they are two interest rate benchmarks at the centre of one of the biggest changes to South Africa’s financial markets in decades. In fact, the change being made might have more of an impact on your cash than the current Iran war. For years, Jibar measured the interest rate that banks used to lend to each other over short periods (such as three,…

Economists like to draw triangles. In trade, you can’t have high tariffs, no retaliation, and unchanged prices. In monetary policy, you can’t fix interest rates, fix the money supply, and promise perfect stabilization. In hiring under unequal starting conditions, there is a similar triangle that most debates about fairness in hiring glide past. When firms turn to algorithms to allocate scarce jobs, they are pulled toward three attractive goals: strong efficiency (pick the candidates most likely to perform well), strong representation (make outcomes roughly mirror group shares), and strong formal neutrality (apply the same rules mechanically to everyone). The problem…

NBA Commissioner Adam Silver speaks with the media before Game 1 of the 2026 NBA Finals. • Complete coverage: 2026 NBA Finals SAN ANTONIO — The presence in these NBA Finals of Victor Wembanyama, the franchise-rejuvenating, coveted and consensus No. 1 overall pick in 2023 that landed with the San Antonio Spurs, loomed as the backdrop to NBA commissioner Adam Silver’s comments Wednesday about the league’s newly announced lottery reform. Silver said he was “thrilled, frankly” with changes to the Draft Lottery format that will be in place next season to discourage the sort of rampant tanking that saw as many…