May 24, 2025

I recently came across an interesting piece of news about a hedge-fund manager named Rob Citrone who believes that the U.S. economy will experience a boom in 2026. Citrone, who has made impressive gains in his fund over the last two years, shared his insights on the market’s efficiency, noting that markets have become less efficient in recent years due to the influx of retail and machine money. He emphasized the importance of examining both macroeconomic conditions and individual assets in trading, a strategy he has successfully employed for 26 years at Discovery Capital Management.

Citrone expressed optimism about the U.S. economy, attributing it to factors such as tax cuts and expectations of growth in 2026. He highlighted the opportunities present in emerging markets, particularly in Latin America, where he sees potential for significant returns across various assets. Citrone specifically mentioned Argentina as his latest big bet, citing positive developments in the country’s political and economic landscape that have made it an attractive investment opportunity.

Additionally, I came across news about the impact of President Trump’s decision to prevent international students from studying at Harvard University. This move could potentially hinder America’s economy by reducing the number of startup founders, as many unicorn companies in the U.S. have been founded or co-founded by immigrants. The development has sparked concerns about the long-term implications for innovation and entrepreneurship in the country.

Furthermore, I learned that RedBird Capital Partners has reached an agreement to acquire British publisher Telegraph Media Group for £500 million. This deal marks the end of a two-year saga surrounding foreign ownership of domestic media assets and provides stability for the 170-year-old Daily Telegraph newspaper. The transaction reflects the evolving landscape of media ownership and highlights the strategic moves being made in the industry to adapt to changing market dynamics.

In this week’s episode of the Money Stuff podcast, hosts Katie and I had Ryan Patch and Jon Seale from Great Gotham Challenge as guests. They discussed Midnight Madness, a puzzle hunt near Wall Street that hedge funds excel at. The conversation delved into what makes a good puzzle and why certain industries are particularly adept at solving them. Listeners can find the episode on Apple, Spotify, or other podcast platforms and provide feedback via email at moneypod@bloomberg.net.

Stay Well!