Capital is officially moving East. According to Refinitiv Lipper, Emerging Market (EM) equity ETFs have attracted roughly $14 billion in inflows year-to-date, putting the category on track for a monthly record. This massive rotation comes at the direct expense of US equities, which have seen $2.1 billion in net outflows over the same period. 📊...
In the high-stakes bidding war for Warner Bros Discovery (WBD), the clear winner has already emerged—and it isn’t Netflix or Paramount. It’s the bankers. According to new securities filings, JPMorgan and Allen & Company will split $180 million in M&A advisory fees ($90M apiece) regardless of who ultimately buys the studio. But for JPMorgan, the...
The IPO window for digital assets is officially open. BitGo (BTGO), the Palo Alto-based crypto custody giant, has priced its IPO at $18 per share (above the marketed $15-$17 range), raising $212.8 million. This marks the first major digital asset debut of 2026 and sets a critical benchmark for the industry. 💰 THE DEAL METRICS:...
It’s Economics 101 vs. Political Policy. While President Donald Trump touted his new Executive Order restricting institutional home buying at Davos, investors are warning of a potential backfire. The consensus from fund managers? The U.S. has a supply problem, not a demand problem—and demand-side fixes often fuel inflation. 📉 THE INVESTOR THESIS: 🏗️ THE CONSTRUCTION...
The bridge between Wall Street and the Blockchain just got a blueprint. F/m Investments has filed with the SEC to record ownership of its U.S. Treasury 3-month Bill ETF (TBIL) on a permissioned blockchain. This marks a significant move to bring tokenization inside the regulated perimeter of traditional finance. 🛠️ THE INNOVATION (The “Single CUSIP”...
Is the “AI Infrastructure” trade getting too crowded for smart money? Investcorp ($60B AUM), the Middle East’s largest alternative investment firm, stated at Davos today that it is stepping back from big-ticket data center investments. While billions continue to pour into the sector, Investcorp CIO Rishi Kapoor argues the risk-return profile no longer makes sense....