What Jürgen Habermas Taught Us About Better Investing

Under what conditions can human beings reason together toward better decisions? It is a difficult question — and, for anyone who has sat in an investment committee, a familiar one. Jürgen Habermas spent seven decades asking it. He died on ...
Read more
6 min read

Most popular

How Hedge Funds Are Really Using Generative AI — And Why It Matters for Manager SelectionStructured Credit: Why SRT and CLO Are Different GamesHedge Funds, Repos, and the Hidden Plumbing of LeverageNAV Lending: Liquidity Tool or Leverage Trap in Private Markets?The 27 Biggest ODD Failures That Shook FinanceThe Rise of PIK: A Double-Edged Sword for Private Credit

QIS Is Not One Thing: A Buyer's Map for When Oil, Inflation, and Correlations Break

The Iran conflict is a macro stress test, not just an energy headline. Brent trading back above $100. Hormuz disruption impeding a critical corridor for global crude. Rate-cut expectations scaled back. The IMF flagging that stocks and ...
Read more
7 min read

Sleeve Management: Running a Liquid Alternatives Portfolio Like a Pod Shop

Most allocators start with what to own. The harder question comes later: how much to give each sleeve, when to reduce it, and when to add? That is sleeve management. A multi-manager pod shop solves the same problem inside a hedge fund. ...
Read more
5 min read

Resonanz insights in your inbox...

Get the research behind strategies most professional allocators trust, but almost no one explains.

I've Used All 10 of These Clichés. Here's How I Stopped.

Markets change. Narratives rotate. Yet certain sentences never die. They show up in bull markets, bear markets, and the weird in-between markets where everyone says "it's a stock picker's market" while buying the same seven mega-caps. To ...
Read more
5 min read

Who’s On The Other Side Of Your Trade?

Markets don’t move because “the market thinks.” They move because someone, somewhere has to trade—to rebalance, hedge, meet a mandate, manage risk, or implement a flow. If you’re an allocator, CIO, or PM, that’s not just a neat line. It’s ...
Read more
6 min read

The 2025 Hedge Fund Talent Tape: What Pod Hiring Signals Going Into 2026

In multi-manager hedge funds, talent is not culture, it is capacity. Pods are production units, and hiring is capital allocation by another name. People moves will not predict returns, but they do show how platforms chose to spend money, ...
Read more
3 min read

Hedging in the Age of Creeping Risk: A CIO’s Masterclass

I’ll admit it: for a long time, I thought hedging was a solved problem. In my head, it was a neat, mostly technical exercise. You identify the portfolio’s unwanted sensitivities—its delta, its skew, its tail risk—then you go to the market ...
Read more
10 min read

When the Prop Trader Meets the Pod Shop: The Great Quant Convergence

The most consequential shift in quantitative finance isn't happening in a conference room or research lab — it's occurring in the strategic repositioning of capital itself. High-frequency proprietary trading firms and large quantitative ...
Read more
6 min read

Sparsity in Porfolio Construction: Doing More with Less

In portfolio management, sparsity means selectivity — focusing capital on a limited number of assets instead of spreading it across hundreds of small allocations. The Intuitive Idea A sparse portfolio holds meaningful positions in a few ...
Read more
4 min read

From NAV to Impact: The Hidden Cost of Exiting Funds

When Robert Almgren and Neil Chriss published their seminal work on optimal portfolio liquidation in 2000, they formalized a trade-off every equity trader understands intuitively: liquidate too quickly and you’ll pay dearly in market ...
Read more
4 min read
1 / 4Next Last