In another decisive activist move, Saba Capital, led by Boaz Weinstein, has blocked the proposed merger of two Baillie Gifford–managed London-listed investment trusts: Saba, the largest shareholder in both vehicles (holding 28% of USAB and 25% of EWIT), declined to support a merger that would have given shareholders a cash exit of up to 40%...
In a strong signal of renewed momentum in the fintech IPO market, Wealthfront—the automated digital wealth management pioneer—is aiming for a valuation of up to $2.05 billion as it prepares for its U.S. initial public offering. The Palo Alto–based firm plans to raise up to $485 million by offering 34.6 million shares at $12–$14 each,...
Michael and Susan Dell will contribute $250 to the investment accounts of 25 million American children, totaling $6.25 billion, as part of the Trump administration’s Invest America initiative. Key Points A landmark philanthropic commitment designed to strengthen long-term financial opportunity for future generations.
Fireside Ventures has secured 22.65 billion rupees (~$253 million) for its fourth fund, strengthening its ability to back India’s fast-growing new-age consumer brands. Key Highlights Fireside’s new fund positions it strongly to capture India’s next wave of consumer growth.
Norway’s minority Labour government is struggling to secure support for its 2026 draft budget, missing the end-November deadline. Negotiations continue ahead of Friday’s decisive vote, which could trigger a confidence vote and potentially topple PM Jonas Gahr Stoere’s government just 2–3 months after re-election. Why the Deadlock? Political Risk Rising With no mechanism for early...
Blue Owl’s sudden flip-flop on merging its $1.7B semi-liquid retail fund with its $17B public fund has become a powerful lesson for both yield-hungry retail investors and asset managers chasing “hot money.” The proposed merger triggered a >10% drop in Blue Owl shares in under two weeks, largely because retail investors realized: Morningstar summed it...