2026 Q3 Hedge Fund News

Richard Toad

23 Sep 2026 — 3 min read

Launches, Shutdowns, and Pivots

Previous editions: 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3

Situational Awareness blow-up

Tech bro wunderkind Leopold Aschenbrenner's Situational Awareness blew up because of ... leverage? It's a tale as old as time. And Ken Griffin's Citadel came in and bought the SALP's public equity book on a discount as a rescue and made a killing. And the cherry on top? I discussed my take with a CNBC journalist and got quoted.

Major press and fintwit communities trend-surfed this event hard, you can read about it all over the internet.

Lone Pine co-CIO joins Gavin Baker's Atreides

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2026 Q3 Fund Database Refresh Findings

I finished refreshing the entire U.S. fund database (HF and LO) based on September 2026 data. The next refresh will be in DECEMBER 2026. Compared to the June 2026 data: 30 additions (26 HFs, 4 LOs) and 12 removals (9 HFs, 3 LOs). Here are last quarter's

Stanley Druckenmiller and the $1 billion trade

Soros told the new hire he was going to Eastern Europe for four or five years. He wanted to find out one thing: was he holding this new hire back, or was this new hire simply not good enough. The new hire was Stanley Druckenmiller. For the first six months

Quantum Fund / Soros Fund Management

In 1947, a 17-year-old boy fled Hungary with no money, no connections, and no plan beyond getting to England. He had just survived the Nazi occupation of Budapest and escaped the rising communist regime. That boy was George Soros. Forty-five years later, he would break the Bank

What You Might Have Missed

Hello - Happy Hump Day Want to remind you our recent articles, in case they got buried in your inbox. We have been folding our networking course into the Fund Database and All Access tiers, so you know how we come up with the intel for each fund in the database