In a rare move for the hedge fund world, Millennium Management has sold a 15% stake in its management company — valued at $14 billion — to a group of institutional investors led by Goldman Sachs’ Petershill Partners. It’s the first ownership sale in Millennium’s nearly 40-year history — and a signal that hedge fund...
As Bank of America (BofA) prepares to address investors for the first time since 2011, CEO Brian Moynihan faces growing pressure to transform responsible growth into competitive growth. Despite a decade of steady rebuilding, BofA’s 15.4% ROTCE still trails JPMorgan’s 20%, raising questions about whether the bank has become too cautious to lead the next...
Japanese Prime Minister Sanae Takaichi reaffirmed that Tokyo has no plans to renegotiate its $550 billion investment package with the United States — signaling policy continuity and commitment to global investors. “Even if the prime minister changes, promises made between governments should not be altered,”Takaichi told reporters after a summit week with President Donald Trump....
After three decades watching shareholder activism reshape industries, I’ve learned this:The best companies aren’t always the biggest — they’re the most focused. This week, activist hedge fund Ananym Capital intensified its campaign for LKQ Corporation, urging the $8 billion auto-parts supplier to sell its European operations and refocus on its North American “crown jewel” collision...
After three decades watching global markets, one pattern never changes:Smart money moves before the headlines do. In the week leading up to the Federal Reserve’s October rate cut and the announcement of a U.S.–China trade deal, investors poured a massive $10.58 billion into global equity funds, marking the sixth consecutive week of inflows. It’s a...
After three decades watching capital move across cycles, I’ve learned something simple but timeless:Markets don’t always retreat before major events — sometimes, they simply wait. Last week’s data from LSEG Lipper revealed that U.S. equity fund inflows slowed sharply to $1.81 billion, compared to $9.65 billion the week before — a sign that investors chose...