According to the Financial Times, hedge fund giant Millennium Management is in discussions to sell a 10%–15% minority stake in its management company, in a deal that would value the firm at $14 billion.The company is reportedly working with Goldman Sachs’ Petershill Partners to identify potential buyers. Both Millennium and Petershill declined to comment on...
As part of an official state visit by His Majesty Sultan Haitham bin Tariq al-Said to Algeria, the Oman Investment Authority (OIA) and Algeria’s Ministry of Finance have signed a preliminary agreement to establish a strategic investment fund valued at OMR 115 million (approximately USD 298.79 million).According to OIA, the fund will target key sectors...
Trump’s sweeping tariffs have jolted markets, but dealmakers are finding ingenious ways to keep M&A moving — even if it means rewriting the playbook.🔹 Silver Lake’s $4.46B Altera Deal with Intel now includes deferred payments:$1B postponed (half due end-2025, half by 2027).Clever structure boosts IRR without cutting Intel’s proceeds.If market (SOX index) recovers, part of...
The FTSE 100 closed slightly higher on Wednesday, up 0.2%, as markets digested escalating U.S. trade tensions and corporate developments.🔻 WPP shares plunged 19% — the steepest one-day fall in over three decades — after the ad giant slashed its profit outlook due to client exits, spending cuts, and weak new business in June. The...
Trump’s aggressive tariffs — including a stunning 104% duty on Chinese goods — have triggered market dislocation. But what’s more alarming is the erosion of faith in traditional safe havens. Familiar sanctuaries are no longer safe.1. Dollar DethronedOnce the king of currencies, the USD has lost its shine:Down 5% YTD, despite rising yields.State Street’s Michael...
FX options trading is booming as investors hedge against tariff uncertainties. With new reciprocal tariffs expected on April 2, demand for FX options—contracts allowing investors to buy/sell currencies at preset rates—has surged.📈 Key Trends & Market Moves:✅ Volatility Drop: Lower FX volatility has reduced option costs by 16%-17% (EUR/USD & USD/CAD).✅ Soaring Volumes: OTC EUR/USD...