{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/6a13c15d-181a-4a2e-a662-739d0e7f731a/65d51ed40e4c860016c7dcad?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Hedge fund pioneers face signs of a reckoning","description":"<p>Billionaire financiers such as Ken Griffin pioneered what’s known as the multi-manager model for hedge funds, where big spending begets big returns. In 2022, Griffin’s Citadel became the best-performing hedge fund of all time. But now, cracks in the sector are beginning to form. The FT’s Harriet Agnew and Ortenca Aliaj examine what a downturn could mean for investors and the broader financial sector.&nbsp;</p><p><br></p><p>Plus, do you have a question about markets, finance or economics? Get in touch with Michela, and we may use it in an upcoming joint show with <a href=\"https://www.ft.com/unhedged-podcast\" rel=\"noopener noreferrer\" target=\"_blank\">Unhedged</a>.&nbsp;</p><p>Email Michela at michela.tindera@ft.com, or message her on X at @mtindera07.</p><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><p><strong>For further reading:</strong></p><p><a href=\"https://www.ft.com/content/86eb1c4f-ef5f-4bf9-93b1-74a484dd4a20\" rel=\"noopener noreferrer\" target=\"_blank\">Are hedge fund pioneers facing the end of a golden era?</a><strong>&nbsp;</strong></p><p><a href=\"https://www.ft.com/content/6762785a-202f-4e2e-acae-1a5e44a6fd06\" rel=\"noopener noreferrer\" target=\"_blank\">Bobby Jain’s hedge fund launch falls short of $8bn-$10bn target</a></p><p><a href=\"https://www.ft.com/content/25e6100d-4cdd-45d0-aaab-6f9b77b14257\" rel=\"noopener noreferrer\" target=\"_blank\">How Ken Griffin rebuilt Citadel’s ramparts</a>&nbsp;</p><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><p>On X, follow Harriet Agnew (<a href=\"https://twitter.com/HarrietAgnew\" rel=\"noopener noreferrer\" target=\"_blank\">@HarrietAgnew</a>), Ortenca Aliaj (<a href=\"https://twitter.com/OrtencaAl\" rel=\"noopener noreferrer\" target=\"_blank\">@OrtencaAl</a>) and Michela Tindera (<a href=\"https://twitter.com/mtindera07\" rel=\"noopener noreferrer\" target=\"_blank\">@mtindera07</a>), or follow Michela on LinkedIn for updates about the show and more.&nbsp;</p><p><br></p><p><a href=\"https://www.ft.com/content/6824b113-45da-4308-bc51-9e0356cac654\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Read a transcript of this episode on FT.com</strong></a></p>","author_name":"Financial Times"}