A review of regulatory filings of the biggest multimanagers reveals New York's continued supremacy.Managers like Citadel and Balyasny have most of their PMs in New York, even if they are headquartered elsewhere.Despite interest in places like Miami, investing talent remains in established locales.This week, the $4.5 trillion hedge fund industry is gathered in Miami for iConnections' annual Global Alts conference. Nearly all of them will leave the Magic City after the conference concludes.While some big names have fled high-tax cities like New York and Chicago for sunny spots like Miami and West Palm Beach, especially amid the pandemic-era buzz over Wall Street South, the data show that New York is still the place to be for money-managing talent.Regulatory filings for the industry's largest multimanagers, including Citadel, Millennium, and Point72, show that a vast majority of those who "perform investment advisory functions" work from the Big Apple. Including the three aforementioned managers as well as Balyasny, Schonfeld, ExodusPoint, Verition, Walleye, and Hudson Bay, more than 75% of investing talent works in New York, a Business Insider review of ADVs and internal metrics from certain funds show.(Story continues after graphic. The ADVs, while updated throughout the year, show a snapshot of the investing head count for each firm from March, so the data reflects firms' staffing from last spring.)Even managers not based in New York such as Citadel, Point72, Verition, Hudson Bay, and Balyasny have more investing talent in Gotham than their respective headquarters in Florida, Connecticut, and Illinois. Walleye, which was once based in Minnesota and still has 21 investors in Minneapolis, moved its headquarters to New York at the end of 2023 and now has dozens more traders there than any other office."It's an apprenticeship business," Adam Kahn, founder of headhunter firm Odyssey Search Partners, told Business Insider. "For the most part, the opportunity to surround yourself with the best people is going to be in major money centers.""If you want to sit next to your PM, you need to be where your PM is," he said. And while there are senior leaders who have decamped to sunnier, cheaper spots around the country, New York, Chicago, and San Francisco still have a significant concentration of people.Greenwich and Stamford, a pair of bedroom communities of the New York metro, have also continued to be important centers of gravity for hedge funds, which have become a part of the social fabric of these Connecticut towns.Citadel's talent breakdown, according to its ADV showing data from last March, is interesting given the firm's billionaire founder's preference for Miami. Ken Griffin, who is originally from Florida, moved his firm's headquarters south from Chicago in 2022 and has commented that one day, the city could surpass New York as a financial center though he still referred to Manhattan as the "epicenter of thoughtful people passionately engaged in their careers" in 2023.While Griffin and some of his executives, including chief risk officer Joanna Welsh and commodities head Sebastian Barrack, have relocated, the firm's investing talent has not yet moved en masse to Florida.The data showed that more investment-focused staffers were based in the firm's two Texas offices, Houston and Dallas, than in its two Sunshine State offices, Miami and Tampa. The $66 billion fund has more investors in each of its two New York offices as well as its Greenwich, Chicago, and San Francisco offices than it did in its Miami outpost last March. (Story continues below the graphic)A person close to the manager said the firm is committed to Miami and plans to break ground on its new 54-story waterfront building that will serve as company headquarters sometime later this year or early next year."We've welcomed roughly 400 team members to this vibrant city since establishing the firms' global headquarters here in 2022, and we have exciting plans to keep growing our presence in the months and years to come," a statement from the firm reads. The 400 people include employees from both Citadel and Citadel Securities, Griffin's market maker.Can always catch a flightInvestors on the ground for these managers say different locations provide different benefits. Stockpickers focused on certain industries, like energy or technology, find places like Houston and San Francisco useful to be plugged into the companies they invest in. Quants who do not need to meet with corporate leaders to run their strategies say they're generally more flexible about where they can work than stockpickers who want to hear directly from CEOs.Meanwhile, young analysts working for portfolio managers based in Connecticut offices often reverse commute from New York to places like Greenwich or Stamford so they can still enjoy the nightlife and culture of the Big Apple.The ongoing talent war for top-shelf PMs means funds are generally more flexible on location, said Vikram Tandon, the head of Durlston Partners US, a recruiting firm. But that flexibility has a limit."The only people who demand to be somewhere and get it are the senior people who are setting up a whole team," Tandon said.This isn't to say Florida isn't on the rise. Data from hedge-fund seeder Borealis Strategic Partners shows that 11% of US hedge fund launches in 2024 were in Florida, compared to just 3% in 2020. The Tri-State area was at 52%, down from 56% the year prior, according to Borealis.Two portfolio managers who moved to Miami and West Palm in recent years for two different multimanagers told BI that it's been a net positive for them and their families.Plus, one of these PMs said, "It's only a two-hour flight back to New York."

I dont remember much from the first weeks of parenthood a colicky baby and extreme sleep deprivation will do that to you but I do vividly remember one night with my baby son when absolutely nothing I did seemed to help him. I walked him around: he screamed. I tried to feed him: he screamed. I put him down: more screaming. So it went for a couple of hours. I remember thinking: this is like a text adventure video game where none of the answers are right.Game designer and college teacher Nicholas OBrien had similar thoughts. His first child was born during the Covid-19 pandemic in New York City, and he and his partner were trapped at home, on the endless merry-go-round of menial baby-care tasks. It was getting to him, like it gets to all new parents. I didnt have a lot of social or emotional outlets besides my partner, he tells me. I felt like I needed to create something about how I was feeling, work my way through it by making something.The result is Bundle of Joy, a quasi-ridiculous yet heartfelt game about early fatherhood. It breaks baby care down into frenetic microgames: aim your spoon to feed baby! Press a button with decent timing to burp baby! Try to get a pair of tiny socks on to babys feet! Fit the babys head through the impossibly small opening in this tiny jumper! Some of these made me laugh with recognition; my kids are in school now, so I had forgotten about the little bulb that you use to suck snot out of a tiny nose, and how much they hate it when you try. Ive never had to fit a nebuliser over one of my childrens faces, but I have now successfully managed it with a virtual child.These frantic vignettes are interspersed with moments of reflection. If you fail at the games, you get stressed out, and the game makes you take a break and perform a few deep breaths. When the baby is sleeping, you can talk to your partner, reflecting on your feelings (and theirs). But mostly, youre caught up in the endless now, a sequence of repetitive actions. It does capture something of the busy monotony of caring for a baby: youre never at rest for a second, but the tasks are all so unstimulating and repetitive that it saps your very sense of personhood.OBrien initially made a prototype that was more narrative-driven, and heavier in tone, but he landed on this minigame-driven format because the act of play felt more closely aligned to his actual experiences. The thing that was so important to capture was that chaotic energy, that moment to moment feeling that you have when youre taking care of an infant, he says. So I thought, Whats a gameplay type thats very similar to that? The WarioWare/Bishi Bashi format immediately jumped to mind.The difficulty of each day varies based on how the baby has slept (and consequently how you have slept); day after day, when you revisit each game, theres a new wrinkle. The baby kicks their feet more enthusiastically when youre trying to get the socks on. A hand will appear to swipe the spoon away from their mouth. It takes an hour or two to play through, depending on how deeply you engage in the written dialogue during moments of calm.The thoughts and feelings that show up in these reflective moments are based not just on OBriens experiences, but those of other dads who shared their stories with him. They touch on many of the complex feelings that early parenthood excavates from your marrow: not just the exhaustion, joy and tedium of the moment, not just the self-doubt, but how you feel about your own parents and the way that you form relationships. On the advice of his partner, hes kept it to the experiences of one parent, rather than guessing at the experiences of the other; you can choose your co-parents gender at the beginning of the game, and everyones skin tone, but you are always playing from the perspective of Dad.Making Bundle of Joy has been an act of catharsis for its developer, and he hopes it might be cathartic for players, too. You feel stuck on a loop. I think a lot of parents have that feeling. Even when youre not in lockdown, you lose track of days, he says. Especially for dads, I dont think that theres a lot of material out there thats positive and reinforcing and encouraging. I hope its positive encouragement for people going through that experience. Youre doing it, you CAN do it. You dont have to beat yourself up along the way. The baby will do that!skip past newsletter promotionSign up to Pushing ButtonsFree weekly newsletterKeza MacDonald's weekly look at the world of gamingPrivacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply.after newsletter promotion

Islamic Arts Biennale 2025 Opens in Jeddah, Saudi ArabiaSave this picture!View of the AlMidhallah exhibition component, the outdoor exhibition spaces, at the Islamic Arts Biennale 2025. Image Marco CappellettiThe second edition of the Islamic Arts Biennale, titled And All That Is In Between, has officially opened in Jeddah. Organized by the Diriyah Biennale Foundation, the Biennale takes place at the Western Hajj Terminal of King Abdulaziz International Airport, a site that holds profound significance for millions of Muslim pilgrims traveling for Hajj and Umrah. The exhibition scenography is designed by the international architecture firm OMA, enhancing the experience with a thoughtful spatial narrative. The exhibition, which runs until May 25, 2025, explores how faith is experienced, expressed, and celebrated through feeling, thinking, and making.Save this picture!With over 30 international institutions participating, the Biennale presents a global perspective on Islamic arts. Contributions from institutions in Denmark, Egypt, France, Greece, India, Indonesia, Italy, Kuwait, Mali, Oman, Palestine, Portugal, Qatar, Saudi Arabia, Spain, Tunisia, Trkiye, the United Kingdom, the United States, Uzbekistan, and Vatican City highlight the diversity of Islamic artistic traditions. Visitors will have the rare opportunity to view historical artifacts from the holy cities of Makkah and Madinah, offering insight into the region's spiritual and cultural heritage.Led by Artistic Directors Julian Raby, Amin Jaffer, and Abdul Rahman Azzam, alongside Saudi artist Muhannad Shono as Curator of Contemporary Art, the Biennale presents over 500 objects and artworks across five exhibition halls and expansive outdoor spaces. A highlight of this year's edition is the first-ever public display of the complete Kiswah, the cloth that adorned the Holy Kaaba in the previous year, providing an intimate encounter with a sacred artifact. Related Article Saudi Arabia Secures FIFA 2034 World Cup Bid: Full List of Stadiums Revealed The exhibition features 29 newly commissioned works from over 30 artists from Saudi Arabia and beyond. These commissions engage in dialogue with the historical objects on display, bridging past and present through artistic interpretation. Notable international institutions lending works to the exhibition include the Louvre Museum in Paris, the Victoria and Albert Museum in London, and the Museum of Islamic Art in Doha, among others.Save this picture!The Islamic Arts Biennale consists of seven unique components: AlBidayah ("The Beginning"), AlMadar ("The Orbit"), AlMuqtani ("Homage"), AlMidhallah ("The Canopy"), AlMukarramah ("The Honored"), AlMunawwarah ("The Illuminated"), and AlMusalla. It is spread through indoor galleries and outdoor areas, across 100,000 square meters of dedicated exhibition space. Save this picture!A significant addition to this year's Biennale is the AlMusalla Prize-winning structure, designed by EAST Architecture Studio in collaboration with artist Rayyane Tabet and engineers AKT II. Inspired by traditional weaving techniques, the prayer space is constructed using sustainable materials derived from local date palm trees, reflecting an emphasis on ecological sensitivity and cultural continuity.Save this picture!In addition to the exhibition, the Biennale offers a comprehensive public program featuring talks, workshops, and symposia. Initiatives such as Biennale After School and Biennale After Work aim to engage diverse audiences, providing opportunities for hands-on artistic exploration and learning. Weekly events, including Culinary Thursdays and Cinema Nights, further enrich the visitor experience.With its expanded scale and diverse programming, the 2025 Islamic Arts Biennale solidifies its position as a leading platform for Islamic arts, fostering dialogue, collaboration, and a deeper understanding of Islamic heritage and contemporary artistic practices. The Biennale's emphasis on inclusivity and engagement makes it a significant cultural event within the broader context of Saudi Arabia's evolving cultural landscape.Save this picture!In other similar news, the inaugural Copenhagen Architecture Biennial, set to take place from September 18 to October 19, 2025, has announced its first curatorial theme, "Slow Down." In Turkey, the Istanbul Foundation for Culture and Arts (KSV) has appointed Christine Tohm as the curator for the 18th Istanbul Biennial, which will take place in three phases over three years from 2025 to 2027. Finally, the Chicago Architecture Biennial (CAB) has announced its sixth edition, marking the tenth anniversary of the renowned event, to take place from September 12, 2025, to February 28, 2026.Image gallerySee allShow lessAbout this authorNour FakharanyAuthorCite: Nour Fakharany. "Islamic Arts Biennale 2025 Opens in Jeddah, Saudi Arabia" 27 Jan 2025. ArchDaily. Accessed . <https://www.archdaily.com/1026207/islamic-arts-biennale-2025-opens-in-jeddah-saudi-arabia&gt ISSN 0719-8884Save!ArchDaily?You've started following your first account!Did you know?You'll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream

The Impact of Wildfires on Building Codes: Reflections on the Recent Los Angeles FiresSave this picture!A Chase Bank branch on Sunset Boulevard burning on January 8. Image CAL FIRE_Official via Wikipedia under Public Domain LicenseIt has been nearly three weeks since one of California's most devastating wildfires began, triggering an immense effort to combat the blaze and mitigate further damage. As firefighters work to contain the remaining flames, the city braces for its first significant winter rainfall, raising concerns about flooding and landslides that may exacerbate the already extensive destruction. Amid these challenges, the wildfire has spurred widespread reflection at local and global levels. Discussions have emerged on topics such as the insurance system, firefighting infrastructure, water resources, global warming's role in high-wind fire conditions, and the impact of landscape design, particularly the use of non-native vegetation. Additionally, debates have surfaced about building design, questioning why some structures survived while others were destroyed and whether the widespread use of wood in construction should be reconsidered. Readers' letter submissions highlight alternative systems and note their drawbacks, such as their lack of earthquake resistance and costs. Related Article Los Angeles Officials Pass Regulation to Expedite the Rebuilding Process Historic Fires and Their Influence on Fire Safety RegulationsWildfires and fire tragedies are not new in the United States, with significant incidents recurring throughout history. These events have shaped urban planning and safety measures, leading to tighter regulations on firefighting infrastructure, fire-resistant building codes, and effective evacuation strategies. For context, the 1906 San Francisco Earthquake and Fire caused $9.7 billion in damages (adjusted to 2018 dollars) and over 3,000 casualties. Notably, eight of the ten largest wildfires in U.S. history have occurred since 2000, each resulting in damages exceeding $900 million (adjusted to 2018 dollars).Save this picture!Fire safety codes and standards have evolved in response to such past tragedies. The National Fire Protection Association (NFPA) attributes key developments to landmark incidents such as the 1908 Rhoades Opera House fire and the 1911 Triangle Shirtwaist Factory fire, both of which claimed over 140 lives. These events prompted stricter regulations to ensure fire-safe building design, a process that has continued to evolve with each significant disaster and the lessons learned.Understanding Fire Safety Codes: Prioritizing Lives Over StructuresAs discussions on building codes, materials, and fire resistance continue, it is also essential to remind ourselves that fire and life safety codes are primarily designed to protect lives before preserving structures. These regulations are enforced to facilitate the safe evacuation of occupants, ensure a building can withstand disasters for a limited time, and prevent scenarios where the structure itself endangers individuals by collapsing or trapping them within.The primary objective of these codes is not to prevent a building's destruction during catastrophic fires but to buy critical time for occupants to escape and for emergency responders to intervene. Buildings are generally designed to maintain structural integrity for a specified durationtypically 1 to 3 hoursbefore materials inevitably weaken, burn, or fail. The required fire-resistance rating often depends on factors such as building occupancy, with larger or more populated structures necessitating longer durations of fire resistance.Save this picture!Fire-resistant materials and designs slow flame spread and maintain structural stability during this critical window, supporting evacuation and suppression efforts. While debates about optimal building materialstimber, concrete, or steelcontinue, it is crucial to recognize that building codes prioritize life safety above structural preservation.Possibilities for Evolving Building Codes to Enhance Flexibility and SafetyDiscussions about building materials are vital, encompassing broader considerations like sustainability, cost, recyclability, and maintenance. However, fire safety efforts cannot rely solely on material properties. Active fire suppression systems like sprinklers are critical for controlling fires and minimizing damage. For instance, the Hartford Hospital fire of 1961 led to the expansion of sprinkler requirements across various building types, underscoring their effectiveness.Unlike passive measures like fire-resistant materials and clear egress pathways, which aid evacuation, active systems actively combat fires, enhancing safety and reducing destruction. When combined with passive strategies, these systems significantly improve the chances of occupant survival and structural preservation. Yet, they are often not mandated for single-family residential buildings due to their lower occupancy levels and cost concerns. Adding suppression systems can substantially increase construction costs as well as infrastructural costs. This fire-resistivity discussion then triggers a much more significant consideration, affecting housing affordability issues.Save this picture!To address housing affordability concerns while enhancing fire safety, the industry might consider continuing to evolve a more flexible and adaptive approach to building codes. Instead of a one-size-fits-all strategy, localized codes could be implemented in high-risk areas, if not already done so, focusing on regions where the fire threat is most significant. This targeted approach acknowledges that not all single-family homes face the same level of risk, allowing for tailored solutions that prioritize safety where it is most needed. This level of discernment and fire safety requirement may also help begin negotiating on the complex insurance coverage subject.For affordable housing in high-risk zones, there may be ways to include incentives to encourage the adoption of advanced fire suppression systems. This strategy reduces reliance on restrictive building material requirements, which may be perceived as limiting, and shifts the focus to a combination of material properties and active fire suppression. Promoting creative and flexible solutions may enhance home safety, improve fire resistance, and support long-term resilience without disproportionately impacting housing costs and being restrictive in regulations.Emerging Fire Suppression Technologies and Possible StrategiesA significant challenge in fire safety lies in the gap between evolving codes and existing buildings. In parallel with continuing to rethink and improve the code governing building structures, it is equally important to address aging structures that remain occupied by a much more dated set of requirements. Structures built decades ago may comply with outdated codes but fall short of current safety standards. Unless these buildings undergo renovations and improvements, they typically remain exempt from updates. This raises an important question: How can we positively encourage dated buildings to adopt new technologies and safety measures without enforcing and/or waiting for renovations?Save this picture!Incentivizing homeowners to upgrade fire safety systems could yield widespread benefits, protecting lives and property while supporting the construction industry and reducing financial strains on insurers and governments. Emerging fire suppression technologies, originally designed for industrial or high-risk zones, are now inspiring potential residential applications. Modern fire suppression systems go beyond traditional heat-activated sprinklers, offering advanced solutions that could enhance home safety. These solutions offer greater flexibility, significantly reducing the need for extensive plumbing installations throughout the house, as traditional sprinkler systems require. This makes them more suitable for renovations and retrofitting existing homes.For example, innovative water suppression systems, such as automatic thermal imaging water cannons, are gaining traction within the market. Strategically placed, these systems can target and suppress fires at their source without requiring extensive plumbing infrastructural network, as is necessary for sprinkler systems. While these water cannons may quickly extinguish localized flames, they provide less comprehensive coverage than traditional sprinklers, offering a trade-off between targeted efficiency and broader protection.Save this picture!Can we envision a future where high-risk areas adopt resilient architecture, utilizing fire-resistant materials and advanced firefighting technologies? His evolving discussion highlights the importance of a multifaceted approach to fire safety. By integrating advancements in materials, suppression technologies, and urban planning; communities can develop more resilient strategies to protect lives and properties amid the growing challenges posed by climate change and natural disasters.Image gallerySee allShow lessAbout this authorJonathan YeungAuthorCite: Jonathan Yeung. "The Impact of Wildfires on Building Codes: Reflections on the Recent Los Angeles Fires" 27 Jan 2025. ArchDaily. Accessed . <https://www.archdaily.com/1026206/the-impact-of-wildfires-on-building-codes-reflections-on-the-recent-los-angeles-fires&gt ISSN 0719-8884Save!ArchDaily?You've started following your first account!Did you know?You'll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream

Nature, Published online: 27 January 2025; doi:10.1038/d41586-025-00218-9Nobel laureate Steven Weinbergs posthumously published memoir details a swashbuckling life in physics.

Nature, Published online: 27 January 2025; doi:10.1038/s41586-025-08644-5Retraction Note: A mechanism for the suppression of homologous recombination in G1 cells

Humans don't have hollow bones like birds do, so how big would our wings have to be to lift us off the ground?

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.@KIRI_Engine_App 3.13 is now out, featuring improved functionality, accuracy, accessibility, and the advanced High-Fidelity 3D Gaussian Splatting method for improved 3D scanning.Learn more: https://80.lv/articles/kiri-engine-3-13-released-with-new-high-fidelity-3dgs-training-method#3d #3dscan #photogrammetry #GaussianSplatting #sponsored #ad

3D Artist @casey_sheep shared a new Blender Geometry Nodes setup for creating fantastic portal visualizations.Download for free: https://80.lv/articles/check-out-this-free-tool-for-creation-of-portals-in-blender/#blender #blender3d #b3d