The Essential

Don’t Want Crypto in Your Portfolio? You Might Need to Look Closer at Your Equity Funds.

MPI has found several non-crypto funds show signs of at least indirect exposure to bitcoin, which can lead “to a roller-coaster ride.”

Allocators Argue More Diversity Gives ‘More Ways to Win’

Factoring how “different backgrounds can experience the same market environments differently” when selecting managers can offer a ‘50-to-1 advantage,’ says W.K. Kellogg’s Reggie Sanders at the Allocator Collective’s anniversary celebration.

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What’s Behind the Latest Surge in Grain and Oilseed Prices?

Hedge Funds Miss 2025’s Biggest Stock Surges

While managers crowded into the same AI favorites, Western Digital, Robinhood, and other surprise winners skyrocketed — largely without big hedge fund backing.

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