Michelle Celarier

Pershing Square’s publicly traded hedge fund has been losing money, a U.S. fund IPO was canceled, and even winners like Alphabet and Chipotle have been hit with bad news.

Investors fear too much money, and overcrowding of trades could pose systemic risk.

Good performance this year is helping turn things around, but many funds have a long way to go to hit high-water marks.

The self-proclaimed “world’s worst meditator” is still defending value — and railing against private equity.

The endowment CIO eschews private credit and crypto while profiting off a seasoned VC portfolio.

Allocators aren't receiving distributions, which means there's a lack of “liquid capital” to invest in hedge funds.

Private markets firms are bringing in the most money, according to Casey Quirk.

“… By introducing these more liquid vehicles, are we rinsing out the benefits of a long-term investment in favor of satisfying the need for constant liquidity?”

Sovereign wealth funds are expected to be the largest investor in unlisted assets.

But moving into these markets may require a big investment in new systems.