The AI panic has officially spilled over from equities into credit. Software companies are suddenly finding the debt markets closed—or prohibitively expensive—as lenders and private credit managers aggressively reprice the existential risk that AI poses to traditional B2B business models. With the software index down 20% YTD, the narrative has shifted from recurring revenue safety...
The “debt-for-nature” market just found its private-sector catalyst. Britain’s largest asset manager, Legal & General (L&G), has committed up to $1 billion over the next five years to become a cornerstone investor in a new wave of sovereign debt-for-nature swaps. This monumental pledge nearly doubles L&G’s emerging market conservation portfolio to $2.4 billion and signals...
The tech panic has paused, and the cash is coming off the sidelines. According to the latest LSEG Lipper data, U.S. equity funds recorded a massive $11.77 billion net inflow for the week ending February 18—the largest weekly purchase since mid-January. A cooler-than-expected CPI report has reignited hopes for Federal Reserve rate cuts, but the...
Smart money saw the regulatory cliff coming a mile away. According to new data from Hazeltree, hedge fund bets against telehealth firm Hims & Hers Health (HIMS) hit their highest level in at least a year just before the company clashed with Novo Nordisk and the FDA. 📉 THE SHORT THESIS PLAYED OUT PERFECTLY: ⚖️...
The Reserve Bank of India just unlocked a massive new liquidity pool for the country’s Real Estate Investment Trusts. In a draft circular released Friday, the RBI proposed allowing commercial banks to lend directly to REITs, ending a regulatory restriction that forced these entities to rely on mutual funds and NBFCs for debt. However, the...
The era of “National Champions” in asset management may be ending. In a significant blog post released Friday, European Central Bank (ECB) economists proposed that the European Securities and Markets Authority (ESMA) should take over coordination of oversight for the bloc’s largest asset managers. The proposal targets the top 10-15 firms (including giants like BlackRock,...