Hedge funds net sold U.S. healthcare stocks last week for the first time in 14 weeks, according to Goldman Sachs, as political uncertainty around expiring insurance subsidies intensifies. Key signals from the market: The catalyst:Enhanced health insurance subsidies — expanded during COVID — expire on December 31 unless Congress acts, potentially raising costs for millions...
SoftBank is racing to fulfill a $22.5 billion funding commitment to OpenAI by year-end — one of the largest single AI investments ever — underscoring both the conviction and the financial strain behind the global AI arms race. To raise the capital, SoftBank Group has already: At the center of this push is Masayoshi Son’s...
Michael Saylor’s Strategy and other bitcoin-buying corporates could soon face exclusion from major equity indexes, starting with MSCI. MSCI has proposed removing companies whose digital assets exceed 50% of total assets, arguing they resemble investment funds rather than operating businesses. A final decision is due January 15. Why this matters: Supporters say DAT firms are...
Indian mutual funds are increasingly tilting portfolios toward short-maturity instruments, steering clear of long-duration bonds as investors recalibrate risk amid changing rate expectations. Key dynamics shaping this shift: As a result, flows are gravitating toward: These categories attracted ₹245 billion in inflows in November, while longer-duration and liquid funds saw sizable outflows. From a portfolio-construction...
Krafton, alongside Naver and Mirae Asset, is launching a $666 million “Unicorn Growth Fund” focused primarily on Indian technology startups, marking one of the most coordinated South Korean investment pushes into India to date. Key takeaways: This move reflects a broader strategic shift: Krafton’s journey in India — from PUBG to BGMI, navigating regulation while...
ICICI Prudential Asset Management made a powerful market debut, with shares surging 23% on day one, valuing the firm at $14.4 billion and making it India’s most valuable listed asset manager. Key highlights: The listing caps a record year for India’s primary markets, with IPO fundraising already surpassing 2024 totals. Strong domestic capital inflows, rising...