Izzy Englander’s Millennium Management is in discussions to invest billions of dollars with Schonfeld Strategic Advisers in a rare partnership deal between two industry heavyweights, according to people familiar with the matter. Schonfeld, with about $13 billion of assets under management, would handle money for Millennium, which oversees about $60...
While the investing world has some famous names – Warren Buffett and Cathie Wood to name just two – there are also many celebrities who are seasoned investors. But which of the A-listers who are best known for their creative arts also appear to have mastered the art of investing? A...
Most financial advisors base investment decisions on home office models, with new data showing that the profession continues to move more toward planning and customer service. With a surfeit of models available from home offices and third parties such as asset managers, asset allocation is now all but commoditized, according...
Massachusetts Secretary of the Commonwealth William F. Galvin fined Fidelity Brokerage Services $750,000 over the company’s alleged past practice of “rubber-stamping” clients’ applications to trade options, according to a statement from Galvin’s office. Galvin, long an unpopular figure in the retail securities industry because of his wide powers over Wall...
T. Rowe Price Group Inc. and Oak Hill Advisors are launching a new private credit fund open to individual investors in the U.S. to take advantage of the rapidly growing $1.5 trillion market. The T. Rowe OHA Select Private Credit Fund, or OCredit, already has $1.5 billion of investible capital,...
Goldman Sachs Asset Management and Canadian DB pension plan OMERS will jointly invest in private credit opportunities in Asia Pacific having established a new partnership. The separately managed account will be managed by the private credit Asia unit of Goldman Sachs with a dedicated team in the region, part of...
US technology stocks may be about to turn a corner after the Nasdaq 100’s biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc. They say the selloff has led to historically cheap valuations for the tech stocks at a time when earnings estimates are still rising....
Office prices in the U.S. are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey. About two-thirds of the 919 respondents surveyed by Bloomberg believe that the U.S. office market will only rebound after a severe collapse. An even...
The third quarter was a story of dashed hopes in emerging markets, with the unraveling of some of the most profitable trades in the asset class. A stronger dollar and surging US yields, combined with China’s economic woes, brought it all to a head. Emerging-market stocks just posted their worst...
Asset managers selling funds into the European Union risk having client flows “meaningfully” disrupted as regulators in the bloc consider a major overhaul of ESG investing rules, according to analysts at Barclays Plc. The EU Commission opened the door to a wholesale review of the Sustainable Finance Disclosure Regulation last month, when...