Smart money saw the regulatory cliff coming a mile away. According to new data from Hazeltree, hedge fund bets against telehealth firm Hims & Hers Health (HIMS) hit their highest level in at least a year just before the company clashed with Novo Nordisk and the FDA. 📉 THE SHORT THESIS PLAYED OUT PERFECTLY: ⚖️...
The Reserve Bank of India just unlocked a massive new liquidity pool for the country’s Real Estate Investment Trusts. In a draft circular released Friday, the RBI proposed allowing commercial banks to lend directly to REITs, ending a regulatory restriction that forced these entities to rely on mutual funds and NBFCs for debt. However, the...
The era of “National Champions” in asset management may be ending. In a significant blog post released Friday, European Central Bank (ECB) economists proposed that the European Securities and Markets Authority (ESMA) should take over coordination of oversight for the bloc’s largest asset managers. The proposal targets the top 10-15 firms (including giants like BlackRock,...
The “AI Premium” is being questioned, and capital is moving to safety. U.S. equity funds recorded net outflows of $1.42 billion for the week ending Feb 11, marking the first weekly net sales since January. The move comes as the Nasdaq Composite dropped 2.03% on Thursday, driven by renewed anxiety over AI-related corporate spending and...
The “Buy American” trade just hit a wall. According to the latest LSEG Lipper data, global investors are aggressively rotating out of expensive US mega-caps and into international value. For the week ended Feb 11, European equity funds secured a massive $17.53 billion inflow—the highest weekly figure since at least 2022—while Asian funds drew in...
European defense tech just got its newest heavyweight. Stark Defence, the German drone maker, has reportedly secured a new funding round that values the company at more than €1 billion ($1.2 billion). According to Manager Magazin, the round includes a “double-digit” million euro investment from Peter Thiel’s Founders Fund, signaling that top-tier US capital is...