According to the Financial Times, hedge fund giant Millennium Management is in discussions to sell a 10%–15% minority stake in its management company, in a deal that would value the firm at $14 billion.The company is reportedly working with Goldman Sachs’ Petershill Partners to identify potential buyers. Both Millennium and Petershill declined to comment on...
The FTSE 100 closed slightly higher on Wednesday, up 0.2%, as markets digested escalating U.S. trade tensions and corporate developments.🔻 WPP shares plunged 19% — the steepest one-day fall in over three decades — after the ad giant slashed its profit outlook due to client exits, spending cuts, and weak new business in June. The...
As the U.S. approaches the July 9 expiry of Trump’s 90-day tariff pause, bond investors are showing renewed confidence in high-yield debt, diverging from the panic seen after April’s “Liberation Day” announcement.📉 Back in April, high-yield credit spreads hit 2-year highs, but since then have tightened by 149 bps, reflecting stronger market sentiment (ICE BofA...
In the week ending July 2, U.S. equity funds saw their strongest inflows since November 2024, driven by renewed optimism in AI-linked stocks despite looming trade tensions.📊 Key highlights (LSEG Lipper data):$31.6 billion flowed into U.S. equity funds — the largest weekly net inflow since Nov 13, 2024.Large-cap funds dominated with $31.04 billion inflows —...
The BRICS bloc — comprising Brazil, Russia, India, China, South Africa, and recently expanded members — is set to announce a new investment guarantee fund backed by the New Development Bank (NDB). The goal: lower financing costs and unlock private investment in developing countries.🔸 Modeled after the World Bank’s Multilateral Investment Guarantee Agency (MIGA), the...
Despite market gyrations and U.S. trade policy uncertainty, hedge funds delivered positive results in the first half of 2025, according to a new report from Goldman Sachs and sources familiar with fund performance.📈 Key Highlights (H1 2025):Stock-picking hedge funds: +3% in June, +6% YTDSystematic equity funds: −0.68% in June, but still +11.91% YTDS&P 500 and...