“The reality is it’s pretty darn hard”

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October 4, 2024

Illustration: Christian Blaza

Read the story Three years ago former Goldman Sachs wunderkind Ed Eisler set out on a mission to turn his hedge fund into the kind of "multistrategy" firm that has minted fabulous wealth for the billionaire founders of Citadel, Millennium Management and their ilk. The timing seemed perfect. Clients were throwing cash at these "multistrats," but spin forward to today and Eisler Capital seems to be trailing after its grander rivals. The litmus test for these multistrats is how much cash they get from investors. But Eisler's difficulties also capture something larger: just how tough it is to grab a seat at the hedge fund top table.  Read The Big Take.

Listen to the podcast During the US vice presidential debate on Oct. 1, Tim Walz was asked about his claim that he'd been in Hong Kong when the Tiananmen Square protests turned deadly on June 4, 1989. Walz said he had misspoken, but his connections to China remain under Republican scrutiny. On a recent Big Take Asia Podcast, host K. Oanh Ha spoke with Bloomberg's Daniel Ten Kate and Professor Li Cheng from the University of Hong Kong about what Walz's track record on China could mean should the Democrats win the election — and whether Walz's ties with the country would be an asset or liability. Subscribe and listen on iHeart, Apple and Spotify.

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