Wealthy family offices made fewer direct investments in September, but continued backing bold bets in emerging technologies. John Arnold and John Doerr's firms led a $135 million funding round for Mazama Energy, a geothermal startup, while Stanley Druckenmiller's office invested in semiconductor manufacturing and brain implant technology.
A commentary critiques government and central bank attempts to artificially suppress long-term interest rates through Treasury buybacks announced in August 2024, arguing such market interventions are cosmetic, temporary, and likely to produce unintended economic consequences rather than solving underlying problems.