In a rare move for the hedge fund industry, Millennium Management has sold a 15% equity stake—valued at $2 billion—to a select group of institutional investors, marking the firm’s first-ever ownership sale since its founding in 1989. The transaction, led by Goldman Sachs’ Petershill unit, values Millennium at $14 billion and signals a new era...
A coalition of global investors managing $18 trillion in assets has called for the creation of an International Minerals Agency (IMA) — a new body modeled after the International Energy Agency (IEA) — to oversee mineral supply chains and sustainability standards worldwide. The proposal, unveiled in São Paulo by the Global Investor Commission on Mining...
Japanese Prime Minister Sanae Takaichi reaffirmed that Tokyo has no plans to renegotiate its $550 billion investment package with the United States — signaling policy continuity and commitment to global investors. “Even if the prime minister changes, promises made between governments should not be altered,”Takaichi told reporters after a summit week with President Donald Trump....
As the S&P 500 hits record highs — up 16% YTD — Bridgewater’s co-CIOs are sending a clear warning:investors may be underestimating the limits of the AI boom and overpricing optimism. “Growth expectations today are about as optimistic as at any point in the last 100 years — except the dot-com bubble,”said Bob Prince, Greg...
In a rare move for the hedge fund world, Millennium Management has sold a 15% stake in its management company — valued at $14 billion — to a group of institutional investors led by Goldman Sachs’ Petershill Partners. It’s the first ownership sale in Millennium’s nearly 40-year history — and a signal that hedge fund...
As Bank of America (BofA) prepares to address investors for the first time since 2011, CEO Brian Moynihan faces growing pressure to transform responsible growth into competitive growth. Despite a decade of steady rebuilding, BofA’s 15.4% ROTCE still trails JPMorgan’s 20%, raising questions about whether the bank has become too cautious to lead the next...