The final numbers for 2025 are in, and for the top tier of multi-manager and macro funds, it was a year for the history books. Fueled by an AI-powered equity rally and “whiplash” volatility from the Trump administration’s trade policies, the industry average hit 16%—double the return of the previous year. 📊 THE LEADERBOARD (Net...
The White House summit on Venezuela just redrew the energy map for 2026. In a historic meeting with President Trump following the removal of Nicolas Maduro, the CEOs of ExxonMobil and Chevron laid out starkly different roadmaps for Venezuelan oil recovery. 🚀 CHEVRON: The “First Mover” As the only US major currently operating in the...
The IPO window for consumer retail is officially cracking open. Bob’s Discount Furniture, acquired by Bain Capital in 2014, has filed to list on the NYSE under the symbol $BOBS, marking a major exit test for 2014-vintage private equity assets. 💰 THE FINANCIALS (9 Months ended Sept 28): The filing reveals a company with growing...
The most influential firm in Silicon Valley just reloaded—and the strategy is explicitly patriotic. Andreessen Horowitz (a16z) announced today it has raised over $15 billion across five new funds, its largest fundraising event ever. 💰 THE CAPITAL STACK: The raise is segmented to cover the entire lifecycle of “Hard Tech”: 🌍 THE GEOPOLITICAL THESIS: Co-founder...
The “Wall of Worry” has returned. According to LSEG Lipper data, US equity funds saw $26 billion in net outflows for the week ending Jan 7, marking the first weekly withdrawal since mid-December. 🌪️ THE DRIVERS: Investors are taking chips off the table ahead of a trifecta of risks: 💸 THE FLOW BREAKDOWN: 🛡️ THE...
The most high-stakes meeting in the energy sector is happening this Friday at the White House. President Trump, alongside Secretaries Chris Wright (Energy) and Marco Rubio (State), will urge executives from 17 major firms—including ExxonMobil, Chevron, ConocoPhillips, and Repsol—to commit billions to rebuilding Venezuela’s oil infrastructure following the removal of Nicolás Maduro. ⚔️ THE CORE...