The Traders of Amsterdam Optiver, IMC Trading and Flow Traders

Canals, Rembrandt, cakes, bicycles, ladies, football but also traders…

open.substack.com/pub/rupakgho...

Is Blackrock’s success now dependent on alpha generation and not asset gathering? The private markets spending binge on GIP, Preqin and HPS

Blackrock’s $30bn private markets’ acquisition binge looks increasingly questionable. Very high multiples paid that depend on them delivering a boom of private credit ETFs and other synergies. Link to latest Substack piece 👇

open.substack.com/pub/rupakgho...

Barrels to Basis: The Financialization of Energy Energy exchanges, margin calls and hedge funds

New Substack piece. The White House is focused on WTI but the whole energy market has been financialized in recent years and many spread trades are blowing up…
rupakghose.substack.com/p/barrels-to...

US returning the plane to Qatar

🙏🏼

lol

Bill Ackman tweeting for Fed to cut interest rates by 100bps as Pershing Square portfolio sinks, after a multi year bull market when long only managers calling themselves hedge funds got to charge performance fees for tracking the S&P500…

Middle East strategy…

I wonder who increased stamp duty over and over again when in power for a decade…

He needs to do an FT lunch with the main man!

FTAlphaberg!

Details!

Simpler times…

Bloomberg is dead, long live Bloomberg! FICCtastic moats, Mr. Market, AI, regulation, Bloomberg News, and Bloomberg is from Mars and LLMs are from Venus

Is Bloomberg dead or the king? The moat is deepest with HFs, FICC and bank sales and trading

Will AI replace Bloomberg screens or Bloomberg users i.e. buy side analyst headcount?

Is a bear market Bloomberg’s biggest threat?

rupakghose.substack.com/p/bloomberg-...

Lol

In the eye of the storm Leverage, liquidity, capital bases and crowded trades

New Substack piece on hedge fund leverage, liquidity, capital bases and crowded trades as we commemorate the 3 year anniversary of SVB’s implosion. It's been a tough month for hedge funds so far.

open.substack.com/pub/rupakgho...

Watching pro and anti Dubai social media influencers crowd out actual news to give their 10 cents inch wide, inch deep takes re-enforcing their existing bias…

Are there just a bunch of Western influencers being paid to walk around Dubai say how amazing it is and post the same corny lines on X? It’s like they are reading the same lines

lol yeah…I actually love it there…my brother and nephew are there…amazing..but I miss certain things about London

Reform grass roots activists on the ground in the community…

Oh, still pretty old for that part of the world and may not have been taking decisions for much longer.

X is going mental with Trump is making Persia great again.
Stupid question but the Iranian leader was 90. He may died of natural causes soon anyway. I get they hit others as well but why is no one in media highlighting the dude was very old and could have died of that soon anyway?

Commodities hedge funds and geopolitics The oil trade, hedge funds in physical commodities, Jain, Point72 and the UAE office

Commodities has been a major area of investment for hedge funds and prop trading firms as has the UAE…
open.substack.com/pub/rupakgho...

Trump meeting Altman to replace Anthropic with OpenAI

OpenAI and Anthropic complaining about the Chinese copying the things they copied from humans…

Hasta la vista, baby. Arnie the Terminator is Anthropic. Citrini is John Connor

Congrats Rupak on the launch, and on getting a nod from the @financialtimes.com for your work!

🙏🏼

Exiting X

Still on LinkedIn - has a broad network

Next steps - adding a paid tier More content, access to growing library, expert network style calls

Just launched a premium version of my Substack on hedge funds, trading firms, financial market structure and fintech.

Will also be more active on here as I exit “the other place” for good.

open.substack.com/pub/rupakgho...