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Most years, the whole of multistrategy hedge funds is greater than the sum of their parts.Thanks to a web of uncorrelated trading teams, leverage, and tight risk management, these firms can generate strong returns in times of distress — as demonstrated by the 2022 performance of firms like Ken Griffin’s Citadel — while also making money when markets are steady.This year, though, is unlike most years. Choppy conditions, thanks to an unsteady global economy and sky-high capital expenditures from the biggest tech companies on artificial intelligence bets, have warped global markets, causing multi-strategy firms’ flagship funds to trail more concentrated…

Svetlana Lukienko/Svetlana Lukienko – stock.adobe.com That feeling of satisfaction and accomplishment that accountants feel at the end of a successful tax season can be shattered by a phone call from a dissatisfied client or a summons and complaint asserting a liability claim, and the risk factors for that kind of unfortunate event vary from year to year.The issues facing tax practitioners are a little different this year, according to Stephen Vono, senior vice president at McGowanPro. “Some of the exposures are new, and some are perennial exposures that are ongoing,” he said. For instance, there is a continued focus by the…

Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts and political uncertainty.David Gray | Afp | Getty ImagesAmid global economic turbulence, the prices of precious metals have been climbing higher and higher.The price of gold in particular has skyrocketed over the past year, rising more than 50%. For midsize jewelry companies aiming to offer fine gold necklaces, earrings and more at lower price points than legacy luxury jewelry brands, gold futures could be spelling trouble.Though gold is often subject to market fluctuations, investors have been increasing…

California Gov. Gavin Newsom signed a bill into law that adds alternative pathways to CPA licensure on Oct. 3. Under Assembly Bill 1175, CPA candidates can earn either a bachelor’s degree with an accounting concentration and two years of experience, a master’s degree and one year of experience, or an approved accounting certificate program for six months of experience. Candidates must still pass the Uniform CPA Exam. The new framework is effective Jan. 1, 2027. In addition, the new law ensures interstate mobility, allowing out-of-state CPAs to practice in California. The bill was authored by Assemblymember Jacqui Irwin (D-Thousand Oaks), sponsored by…

Klarna Group Plc signage during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Michael Nagle | Bloomberg | Getty ImagesA version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Even as the IPO market is starting to rebound, startups are staying private for longer thanks in large part to alternative capital, according to new data.The median age…

As someone who’s spent most of her adult life in major cities like New York and Berlin, I never thought I’d be able to live without the conveniences of a fast-paced, populous environment.Then, the COVID-19 pandemic hit, and it was harder than ever for my husband and me to make ends meet in our centrally located Berlin apartment. In 2021, we decided to move to a small village near his family in France, where we could get more support. The adjustment was extreme. Compared to Berlin’s population of over 3.5 million, there were only 60 people living in the village,…

It took Warren Buffett nearly 60 years to build Berkshire Hathaway into a $1 trillion conglomerate. Eight AI companies have together gained quadruple that in market value in just over nine months.Whether you think AI stocks will keep booming or burst like the dot-com bubble, the growth of these companies has been unprecedented. Their year-to-date gains alone dwarf the total value of some of America’s biggest and best-known companies.Nvidia has added $1.2 trillion to its market value to reach an unprecedented $4.5 trillion, as investors have sent its stock up 38% this year on hopes that its microchips will power…

A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California.Justin Sullivan | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Real estate investors, both individual and institutional, bought one-third of all single-family residential properties sold in the second quarter of 2025. That is an increase from…

As Silicon Valley chases the next frontier in technology, one classic tool still reigns supreme: Microsoft Excel.That’s why business intelligence platform AlphaSense is acquiring Carousel, the New York-based startup behind an AI assistant that generates financial spreadsheets and builds models in Excel. The Carousel prompt bar in Excel Carousel AlphaSense declined to disclose specific financial details about the deal, but AlphaSense CEO Jack Kokko told Business Insider in an interview that the company just crossed $500 million in annual recurring revenue and now has 6,500 corporate clients. AlphaSense launched in 2011 and is valued at $4 billion, according to PitchBook.Kokko…

A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.At Ares Management’s analyst day last month, the alternative asset manager quietly bumped up its three-year fundraising targets by 25%.CEO Michael Arougheti told CNBC the change was due to better-than-expected momentum among individual, wealthy investors.A recent survey by State Street found that the “retail revolution” will drive more than half of the private market flows in the next few years, a seismic shift from traditional…