workers

Opinion: When Workers’ Capital Funds Their Own Displacement

Union pension funds have explicit mandates to act in employees' interests. Their AI investments may say otherwise.

Angelo Calvello

hit the brakes
For Members Only

Hedge Funds Hit the Brakes on Venture Deals After Strong Start to 2026

Stephen Taub

Jason Alden/Bloomberg

Late to Private Markets, City of Austin May Have Gotten the Timing Right

James Comtois

AI
For Members Only

Tiger Global, Maverick Back Upscale AI at $2B Valuation

Stephen Taub

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Despite the Hype, Asset Managers Are Measured in Their AI Spend

James Comtois

cut out the middle man

T. Rowe Price Restructure Shows Growing Influence of Consultants

John Crabb

(Peter Boer/Bloomberg)

OCIO Boom Is Pushing Smaller Foundations Deeper Into Private Markets

James Comtois

trends
For Members Only

CTAs Stall in May After Strong Start to Year

Stephen Taub

business date

Opinion: Why VCs Broke Up with SPACs — And Why They Are Dating Again

Dan Nash

Andre Peroldcopy

Andre Perold on AI: The World Is Changing Faster Than Markets Can Process

Julie Segal

curveball
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Glenview’s Curveball Trade Pays Off

Stephen Taub

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The AI Trade Beyond the Mag Seven Is Paying Off for Tekne

Michelle Celarier

abstract
For Members Only

Perceptive SPAC Delays Freenome Merger

Stephen Taub

Sacramento, CA (David Paul Morris/Bloomberg )

Negative Cash Flow Pushes Sacramento County Deeper Into Private Credit

James Comtois

unlock
For Members Only

SPACs Reemerge as Exit Valve to Unlock Private Bets

Stephen Taub

biotech
For Members Only

Biopharma Hedge Funds Cool After Breakout Year

Stephen Taub

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OpenAI Backers Include Hedge Fund Heavyweights Poised for IPO Payoff

Stephen Taub

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European Real Estate Credit Firm Zenzic Expands With $100m Commitment from Stable Asset Management

James Comtois

Surge
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Tiger Funds Surge on AI and Semiconductors

Stephen Taub

Sohel Hussain

Meyer Memorial Trust’s Sohel Hussain Launches Investment Advisory

James Comtois

New York Life Insurance Company headquarters in New York City (Getty Images)

New York Life Gets into Resi Mortgage Loans as Scale Forces New Bets

James Comtois

egg shaped money in nest on dollar background

De-Dollarization Doesn’t Mean Capital Is Leaving America

Jonathan Kandell

background

PivotalPath: Technology Leads Returns — and Allocator Demand

The Editorial Team

Multi colored caps lids - stock photo (Credit: Igor Radchenko / Getty Images)

Microcaps Are Beating Large Caps — But Allocators Aren't Biting

James Comtois

Stuart Fiertz

Cheyne Capital’s Stuart Fiertz on Private Credit’s Slow Motion Stress Test

Julie Segal

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For Members Only

Flight Deck Posts Blowout May on Global Chip Positions

Stephen Taub

gavel enforcement regulatory SEC

Andrew Left’s Fraud Conviction Raises New Risks for Activist Short Sellers

Michelle Celarier

ohio municipal building

Documentary Argues Pensions’ Move Into Alternatives Comes at a Cost

Michelle Celarier

IRS building

Will the Booming ‘Tax Aware’ Hedge Fund Business End in Tears?

Michelle Celarier

AI brain technology OpenAI Anthropic

Anthropic’s Backers Include a Who’s Who of Hedge Funds

Stephen Taub

Downtown Cincinnati (Credit: Jeremy Poland / Getty Images)

Why One Life Insurer Is Taking More Equity Risk Than Peers

James Comtois

Ken Tropin

Graham Capital’s Ken Tropin Named 2026 Hedge Fund Lifetime Achievement Award Winner

Michelle Celarier

rising stars

These Are Institutional Investor’s 2026 Hedge Fund Rising Stars

many winners

Presenting the Finalists for the 2026 Allocators’ Choice Awards 

The Editorial Team

Recent Articles

USA, Massachusetts, Boston, Financial District, Composite image of illuminated financial district at dusk

Cambridge, Other Advisors See Spike in Interest in Co-Investments

James Comtois

biotech
For Members Only

Beyond the Biggest Deals, Hedge Funds Are Backing Top IPO Performers

Stephen Taub

Anton Orlich

CalPERS Promotes Anton Orlich to Private Markets Deputy CIO

James Comtois

high conviction
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Jericho’s High-Conviction Playbook Shows Its Edge in May

Stephen Taub

memory chip
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Discovery’s Memory Trade Stands Out in AI Boom

Stephen Taub

data center
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Coatue Ramps Up Venture Activity With Flurry of Deals

Stephen Taub

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For Members Only

Third Point Increases Net Long Exposure As a Handful of Winners Lift Returns

Stephen Taub

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For Members Only

Light Street’s New Strategy Is Taking Hold

Stephen Taub

smaller alternative

As Wealth Firms Grow, Some Clients Look for Smaller Alternatives

John Crabb

II Reveals More Nominees for the 2026 Allocators’ Choice Awards. Now It’s Time to Vote.

The finalists for Corporate Pension Plan CIO, Team of the Year, Allocator/Manager Partnership, and the award for Leadership and Vision are out now.
<p>II Reveals More Nominees for the 2026 Allocators’ Choice Awards. Now It’s Time to Vote.</p>
AI Is Making Even Tech Hedge Funds Look Like the S&amp;P 500

AI Is Making Even Tech Hedge Funds Look Like the S&P 500

PivotalPath’s data suggests AI concentration is no longer just reshaping benchmarks. It’s making it harder for even specialized tech investors to look meaningfully different from the market itself.
Julie Segal May 27, 2026