🚨 Hedge fund pay watch 🚨
Kedalion, a rates-focused hedge fund, paid just 8 employees £56m ($76m) in 2024.
The fund, run by ex-Morgan Stanley trader & former LMR PM Lorenzo Rossi, manages $1.6bn and is backed by Millennium.
High pay, high stakes in macro.
Falling realized volatility is often a green light for equities.
As vol resets lower, the probability of sustained S&P 500 rallies historically increases.
Calm markets = confident flows.
We're seeing just that.
📉🔁📈
#SP500#Volatility#Macro#Markets#Trading
📉 US wage growth is losing steam.
Both the annual and 3-month annualized growth rates for average hourly earnings have been trending down, now at 3.77% and 2.59%, respectively.
🔥 The labor market isn’t overheating — it’s cooling.
Implications for Fed policy? 🧐
#macro#jobs…
🚨 Truflation's US Inflation Index is on the rise again — now at 2.07%, up from its March lows below 1.4%.
This rebound suggests inflationary pressures may be picking back up faster than expected.
📉 Bond market might be underpricing this risk. Time for rates to reprice?…
Check out Gold and S&P500 performance during past US recessions since 2000 in the link below, using our interactive chart.
macrosights.com/static/drafts/…
Over the past 25 years Gold performance has surpassed the S&P500 by a large amount, thanks to the 2000-2010 window.
Macro hedge fund Kedalion Capital, an under the radar firm run by ex-Morgan Stanley & Eisler trader Lorenzo Rossi, had a monster year in 2023. Net profit for members was £33.3M.
Quiet firm. Big numbers. #HedgeFunds#Finance#Macro#Trading
Source: UK Companies House
BlueCrest just keeps winning.
Michael Platt’s private investment firm has racked up massive net returns year after year—153% in 2022, 95% in 2020, and 20% already in 2025.
Zero outside capital. Pure performance.
With that, Michaell Platt is probably the most successful investor…
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