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🍋 From Mayfair to Mykonos

🍋 From Mayfair to Mykonos

Plus: Anthropic researcher says AI has >10% chance of ‘killing all humans’ after colleague quits, Bay Area AI workers don't know how to spend their money, and Harvey just raised at $15.5 billion.

Short Squeez
September 10, 2026

Together With

"The cost of delay compounds faster than the cost of being wrong." — Sam Goodwin

Good Morning! AI safety is the latest buzzword after an Anthropic researcher quit (and gave up his equity) in a mega-viral post on X. Meanwhile, AI workers in the Bay Area are struggling to figure out what to do with all their money. And Google is pouring a record $15 billion into AI infrastructure in Finland, now being dubbed the "Texas of Europe."

Harvey, the legal AI startup, raised another $550 million at a $15.5 billion valuation. Wall Street's leveraged ETF push got a new twist with hourly bets. And SoftBank is repaying a $40 billion bridge loan for its OpenAI stake.

Plus: Messi is set to buy Spanish club Eldense after agreeing to a 100% stake, the Treasury Department will buy back $6 billion in longer-term debt, triple the normal level, and how to be a cool boss without getting fired.

Request a demo to see how Daloopa’s Scout, an Excel-native AI financial modeling assistant, helps analysts build and update models quickly.

SQUEEZ OF THE DAY

From Mayfair to Mykonos

Fifteen years ago Wall Street was betting on whether Greece would default and get thrown out of the euro. Today Athens is pitching itself as a hedge fund hub and the biggest names in the industry are listening.

Brevan Howard co-founder Chris Rokos is moving his tax residency from the UK to Greece and setting up an Athens office for his ~$22B macro fund. Millennium is preparing its first Athens outpost, and fellow multistrategy fund Verition is exploring one of its own.

Since 2019, Greece has let wealthy residents shelter overseas income for a flat €100,000 a year. In June it added that qualifying fund executives who relocate pay 5% on bonuses and carried interest, down from 15%, as long as their Greek entity spends at least €3M a year in the country. Foreigners are also exempt from Greek inheritance tax on assets held outside Greece, which matters a lot when the UK charges 40% and just ended non-dom status.

Greece also has one thing working in its favor that rival Italy has complicated: policy stability. Italy's flat tax now runs €300,000 a year after successive hikes, while Greece has held at €100,000 for seven years and is telling managers its restructured debt means it won't need to raise taxes for a decade.

Rokos matters because moves like this legitimize a destination for everyone behind him. He reportedly paid ~$447M in UK taxes and ranked as Britain's third-largest individual taxpayer, so this isn't a random PM relocating for better weather. And for someone whose job mostly requires screens, market access and a good risk system, swapping London taxes and gray skies for Athens and the Aegean is not a terrible lifestyle trade.

The catch is that almost nobody has actually moved yet. One London fund that received the government's pitch said its staff had no interest. Athens is short on office space, executive housing and international school places, and London still runs the overwhelming majority of Europe's hedge fund assets.

Takeaway: Greece doesn't need to replace London. The modern multistrategy business follows whoever generates P&L, and those people now have a menu: Dubai with zero income tax, Italy with a flat tax, and now Greece writing rules specifically for them. Fifteen years after hedge funds were betting on whether Greece would survive, Greece is betting a few of them would rather live there.

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HEADLINES

Markets Rundown

Market Update

Stocks fell as WTI crude ended above $96 and Brent crude rose above $100 amid Middle East tensions.
The 10-year Treasury yield rose to 4.84%, its highest since fall 2023, after the Treasury announced a $6 billion buyback of 10 to 20 year securities.
Energy was the only S&P 500 sector to finish higher; the 30-year yield closed just below 5.3%.

Economic Data

August PPI and CPI are due today and tomorrow, the final inflation readings before next week's FOMC meeting.
Markets are pricing roughly a 60% probability of a rate hike, which would be the Fed's first since summer 2023.
Core inflation has remained above the Fed's 2% objective for more than five years.

Geopolitics and Oil

The U.S. reportedly struck Iranian oil tankers overnight, and Iran retaliated with strikes on a U.S.-used air base in Jordan and attempted attacks on U.S. naval vessels.
Despite a 9% peak-to-trough decline in Q1 when the conflict began, the S&P 500 is up more than 11% year to date.
U.S. small- and mid-cap stocks have gained more than 14% year to date, supported by resilient job growth and manufacturing activity.

Movers & Shakers

(+) Signet Jewelers ($SIG) +24% after the parent of Kay, Zales, and Jared beat Q2 estimates.
(+) Meta ($META) +7% because the social media giant unveiled Muse, its first personal AI agent sold through tiered subscriptions.
(–) Chewy ($CHWY) -11% after the online pet retailer saw its liquidity decline.

Prediction Markets

August’s CPI numbers release tomorrow morning around 8:30am EDT.
Trade on real-world events with Kalshi. Use code OWS to get a $10 bonus when you trade $10.

Private Dealmaking

Cognition, an AI coding startup, raised over $2 billion
Celero Communications, a developer of DSP technology for AI infrastructure, raised $275 million
Covenant, a missile maker, raised $250 million
Cylake, a cybersecurity platform for operational sovereignty, raised $245 million
Solstice Oncology, an immunotherapy startup, raised $225 million
Clay, a sales automation startup, raised $115 million

For more PE, VC & M&A deals, subscribe to our Buysiders newsletter.

BOOK OF THE DAY

Real Trading

Description:
Daniel Schlaepfer takes readers behind the scenes of today's increasingly automated financial markets. Drawing on his experience as the founder of Select Vantage, he examines the rise of algorithmic trading, high-frequency trading, dark pools, payment for order flow, and commission-free trading apps. His central argument is that technology has made markets faster, but not necessarily better, and that human judgment remains essential for liquidity, transparency, risk management, and market stability. The book also looks at the professional trading industry and the challenges facing retail traders in an increasingly complex market structure.

Book Length: 232 pages
Release Date: June 23, 2026

Ideal For:
Investors, traders, finance professionals, and anyone interested in market structure, high-frequency trading, AI, dark pools, and how technology is changing Wall Street.

The faster markets become, the more valuable human judgment can become when machines cannot understand the full picture.

DAILY VISUAL

3 AI Economic Scenarios to Watch

Source: Axios

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DAILY ACUMEN

Frequency Illusion

Learn a new word, and it suddenly seems to appear everywhere, in conversations, in articles, on signs you have walked past for years without noticing. The word did not become more common. Your attention became tuned to it, and the brain mistakes a shift in what it notices for a shift in what actually exists.

This runs quietly through market narratives. Learn about one emerging trend or one obscure risk, and it suddenly seems to appear in every earnings call and analyst note that week. It is tempting to read this as confirmation that something important is building. Often it is simply your own newly tuned attention, not a change in the underlying frequency of the thing itself.

The check worth running is whether the actual base rate changed, or whether you did. A concept appearing more often in what you personally notice is not the same evidence as it appearing more often in the world.

ENLIGHTENMENT

Short Squeez Picks

The bad leadership patterns that drive good employees away
How 10 minutes of slow running can benefit your mood
16 reachable habits that made me who I am
How to be a cool boss without getting fired
6 secrets for getting unstuck

MEME-A-PALOOZA

Memes of the Day

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