The $3 trillion private credit market just hit another flashpoint.Blue Owl has restricted withdrawals from one of its debt funds ahead of a planned merger — reigniting concerns already spreading after high-profile bankruptcies and fraud probes this fall. This comes at a time when private credit has been the fastest-growing asset class on Wall Street,...
Global investors charged deeper into equities and commodities in November, but sharply reduced cash positions to just 3.7% — a level low enough to trigger Bank of America’s contrarian “sell signal”, according to its latest monthly fund manager survey. The survey warns that investor positioning has become increasingly bullish and crowded, raising the risk of...
Databricks is back in the fundraising spotlight as The Information reports the AI and data-analytics giant is in talks to raise capital at a valuation exceeding $130 billion—a stunning 30% jump from its $100 billion valuation secured just two months ago. The San Francisco–based company declined to comment, and according to the report, no term...
In a major regulatory milestone, the U.S. Securities and Exchange Commission has officially approved Dimensional Fund Advisors (DFA) to launch an ETF share class on 13 of its existing mutual funds, according to a notice published Monday afternoon. The decision removes the final barrier in DFA’s bid to become the first new asset manager in...
UBS O’Connor is undergoing a significant leadership transition after informing investors that Rodrigo Trelles and Baxter Wasson, the co-heads of its capital solutions strategy, have chosen not to accept roles at Cantor Fitzgerald, according to sources familiar with the matter. Bloomberg News first reported the events, marking another pivotal moment for UBS’s alternatives platform as...
A new leadership transition is unfolding at UBS O’Connor, as the firm informed investors that Rodrigo Trelles and Baxter Wasson, co-heads of the capital solutions strategy unit, have chosen not to accept positions at Cantor Fitzgerald, according to sources cited by Reuters. In response, Gregory Najarian has been appointed portfolio manager effective immediately, supported by...