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...
The UK fixed-income market delivered fresh drama last week after AXA Investment Managers unexpectedly halved its exposure to UK government bonds. The move came immediately after the government reversed expectations and confirmed no income tax increase, sending borrowing costs surging and rattling investor confidence ahead of the next budget. For AXA’s senior portfolio manager Nicolas...
AXA Investment Managers moved quickly on Friday, cutting its exposure to UK government bonds by half in several portfolios after the government confirmed it would not raise income tax—an announcement that caught markets off guard and drove borrowing costs sharply higher. The adjustment comes ahead of the upcoming budget, with AXA’s senior portfolio manager Nicolas...