Jericho was up 20.2 percent in 2023 after losing 23 percent in 2022. Its two largest U.S.-listed longs accounted for more than 21 percent of assets at the end of the third quarter, according to its ...

Richard Ennis argues that portfolio construction has become almost primitive. “Institutions own a jumble of equity things — nearly countless, largely illiquid, and beyond their control.” ...