This post originally appeared in the Insider Today newsletter. You can sign up for Business Insider's daily newsletter here . Hello! Vice President Kamala Harris has secured the support of enough Democratic delegates to become the party's nominee for president .
Harris said she was looking forward to formally accepting the nomination at the Democratic Party Convention next month. But for now, we're examining how the hedge fund superstar has gone extinct . What's on deck: Markets: What Wall Street is expecting ahead of Tesla's earnings .
Tech: Google u-turns on its plans to kill the third-party cookie . Business: Duolingo's trick for teaching you a language? Being mean . But first, the stars aren't shining as bright anymore.
If this was forwarded to you, sign up here. So long, superstar Where have all the hedge fund superstars gone? An industry built on big names drawing even bigger money has faced a marked shift. The days of investors trusting a star hedge-fund manager with their cash are in the rearview mirror, writes Business Insider's Linette Lopez.
In years past, even rubbing shoulders with a legendary hedge fund manager was enough for aspiring fund managers to raise capital. The late Julian Robertson and his empire of so-called "Tiger Cubs" prove that. But, unlike years ago, hedge funds are no longer the only game in town for institutions or the ultra-wealthy looking to park their cash somewhere.
Venture capital, private credit, and private equity have grown considerably.