In one of the largest project-finance loans ever in digital infrastructure, a consortium of around 20 global banks is providing $18 billion to fund construction of a New Mexico data-center campus tied to Oracle and the broader Stargate AI initiative, Bloomberg reports. Lead arrangers include Sumitomo Mitsui Banking Corp, BNP Paribas, Goldman Sachs, and Mitsubishi...
Hedge funds capped October with steady gains, advancing +1.75% on average and bringing year-to-date returns to +13%, according to a new report by Goldman Sachs and sources close to several leading managers. While hedge fund stock pickers underperformed the S&P 500’s +2.3% rise, their diversified exposures — particularly in healthcare and technology — supported overall...
BlackRock, the world’s largest asset manager, is reportedly winding down its BlackRock Impact Opportunities Fund — a vehicle designed to back socially responsible ventures — after one of its key portfolio companies, subprime car lender Tricolor, filed for bankruptcy in September, according to the Financial Times. The decision marks a rare retreat for a fund...
U.S. equity funds attracted $12.6 billion in the week through November 5 — their largest inflow since early October — as investors capitalized on a brief market correction and stayed bullish on AI-driven corporate deal activity, according to LSEG Lipper. 🔹 Where Investors Are Positioning “Investors are using market dips to rebuild exposure to innovation-heavy...
Global private credit markets remain fundamentally sound, and Asia stands out as the next major growth frontier, according to Jeffrey Hawkins, Bain Capital’s Deputy Managing Partner for Credit and Special Situations. “There’s nothing systemically wrong with the market — though it’s a little frothy,” Hawkins said in Hong Kong at the Global Financial Leaders’ Summit.“The...
Hedge funds delivered solid returns through October, with stock-picking funds up 13% year-to-date — slightly ahead of many leading multi-strategy peers, according to a Goldman Sachs report and market sources. In October, equity long/short managers returned 1.75%, lagging the S&P 500’s 2.3% rise, as volatility and crowded trades shaped performance.Still, flows into global equities continued...