Funds & Trusts news

Cathie Wood’s Ark Invest became a top pick for investors after the firm’s flagship ETF returned 150% last year. Consequently, the investment management company that took in $20 billion last year saw another $16 billion in investments through the first half of 2021. Why investors are parting ways from Wood’s…

According to reports in the media, Bill Ackman’s SPAC, Pershing Square Tontine Holdings (NYSE: PSTH) is sued. Individuals fighting this matter to the court of the law claim that directors were awarded massive compensation for having the company’s unique status revoked. However, in this backdrop, a spokesperson at…

“Michael Burry doesn’t understand innovation space,” said Cathie Wood in her tweet on Tuesday in response to “The Big Short” investor’s bet against her ARK Innovation ETF a day earlier using options. “To his credit, Michael Burry made a great call based on fundamentals and recognised the calamity…

Robinhood Markets Inc (NASDAQ: HOOD) has been the talk of the market this year since it was at the centre of the retail trading frenzy that gained unprecedented traction in recent months. Now that the fintech company has gone public, the debate is a bit different, with analysts and…

PNC Financial (NYSE: PNC) Chief Investment Officer Amanda Agati has predicted a downfall to the retail stock trading frenzy once stimulus packages stop. She said that when the government starts doing away with stimulus policies meant to cushion Americans against the impact of the pandemic, retail investors will be…

Andreesen Horowitz, the Silicon Valley venture capital behemoth, announced on Thursday the launch of a new $2.2 billion crypto-focused fund. The fund plans to invest the money in digital assets and blockchain startups. According to Katie Haun and Chris Dixon, partners of Andreessen Horowitz, the size of this fund is…

Billionaire investor Warren Buffet released over the weekend Berkshire Hathaway Inc.’s (NYSE: BRK.A) annual letter to investors that detailed a major shift in stance related to share buybacks. From zero to $25B For many years, Buffett insisted against using Berkshire’s cash hoard to repurchase the company’s stock, The Wall…

Legendary fund manager and activist investor Carl Icahn accumulated a 7.8% stake in Bausch Health Companies Inc (NYSE: BHC) and will likely leverage his status as the company’s largest shareholder to push for change. Icahn’s stake Icahn disclosed a 27.8 million share position in Bausch Health, formerly known as…

BlackRock, Inc. (NYSE: BLK) is the world’s largest fund manager with assets under management exceeding $9 trillion. On Tuesday the company’s CEO Larry Fink published his annual letter to the business community, noting that portfolio companies must detail their climate change strategy. ‘Disclose a plan’ Fink wrote in…

Legendary billionaire fund manager Mario Gabelli is bullish on infrastructure stocks for the simple reason that advanced infrastructure is a net positive for the United States, he said on Fox Business’ “Barron’s Insight.” Gabelli’s two infrastructure picks Infrastructure upgrades and improvements will likely be an area of focus for…

BlackRock Inc. (NYSE: BLK) published its earnings report for the fiscal fourth quarter on Thursday that topped analysts’ estimates for earnings and revenue. The American multinational valued assets under management at £6.37 trillion as of the end of Q4. Earlier this week, BlackRock said that it had been…

Global Infrastructure Partners said on Monday that it struck a deal to acquire Signature Aviation plc (LON: SIG) for £3.43 billion. The investment fund trumped buyout proposals from rivals, including Carlyle and Blackstone.   Signature’s spokesman commented on the news on Monday and said: “Nothing precludes either Blackstone and…

An investment fund belonging to Wall Street giant Goldman Sachs Group Inc (NYSE: GS) is making a bet on stores, warehouses, and other real estate properties, according to The Wall Street Journal. Sale-leaseback strategy A Goldman Sachs fund called Petershill bought a minority stake in another fund called…

Global investment giant Guggenheim Partners wants to get in on the bitcoin action and informed clients through a regulatory filing it could allocate up to 10% of its net asset value in a bitcoin ETF, Bloomberg reported. Only interested in one ETF According to the regulatory filing, Guggenheim is…

SoftBank (TYO: 9984) said on Monday that it swung to a net profit in the fiscal second quarter, on the back of earnings attributed to its Vision Fund business, including its investment in Beike (Chinese property brokerage). Shares of the company opened about 3% up in the stock market…

Billionaire legendary activist investor Carl Icahn is one step closer to retirement after his son Brett is rejoining the family office Icahn Enterprises LP (NASDAQ: IEP), The Wall Street Journal reported. Succession plan Icahn is 84-years old and has no immediate plans to leave his namesake firm. He…

Billionaire investing legend Warren Buffett caught some investors off guard when the now 90-year old disclosed five separate investments in Japanese companies. What he saw At the most basic level, Buffett’s shopping spree in the Japanese stock market shows investors should have a global attitude. Sure, the “Oracle of…

As part of what may seem like a confusing move to some, asset manager Blackstone Group Inc (NYSE: BX) agreed to acquire the consumer health care business of Japan-based Takeda Pharmaceutical for 242 billion yen (£1.75 billion, $2.29 billion), The Wall Street Journal reported. Who is Takeda? Takeda…

How does Amazon.com Inc. (NASDAQ:AMZN) fuel its growth? In part by investing in companies that are complementary to its own products and accessing its trade secrets, The Wall Street Journal reported. Case in point: DefinedCrowd Amazon’s venture capital arm invested in a company called DefinedCrowd Corp which…

The Wall Street Journal revealed on Monday that SoftBank Group Corp. (TYO: 9984) is negotiating with Deutsche Telekom AG (ETR: DTE) to sell a sizeable chunk of its investment in T-Mobile U.S. Deutsche Telekom currently has a controlling stake in the American wireless network operator.   As per the…

Ares Australia Management (“AAM”), a joint venture between Fidante Partners and Ares Management Corporation (NYSE: ARES) has launched its first product in Australia, the Ares Global Credit Income Fund. AAM developed the Fund owing to a growing demand for an investment approach that offers high-income generation while preserving capital…

Some of the world’s biggest sovereign wealth funds, from oil-rich countries, could dump more than $200 billion worth of stocks. According to JPMorgan strategist Nikolaos Panigirtzoglou, sovereign wealth funds across the globe lost around $1 trillion of funds invested in equities due to the coronavirus outbreak. As a result,…