Hedge fund industry reaches $4.5 trillion in 2024
By Carolina Mandl NEW YORK (Reuters) – The hedge fund industry ended 2024 with $4.51 trillion in assets under management, a 9.75% increase from the previous year, research firm HFR…
Economy
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Diageo exploring potential spin-off or sale of Guinness, Bloomberg News reports
(Reuters) -Diageo, the world’s top spirits maker, is exploring a potential spin-off or sale of beer brand Guinness and is reviewing its stake in LVMH’s drinks unit, Moet Hennessy, Bloomberg…
Appetite for IPOs is strong, but watch those valuations, analysts say
By Niket Nishant and Manya Saini (Reuters) – The tepid reception to Venture Global’s ambitious valuation target shows companies need to set realistic expectations when going public, Wall Street analysts…
2025 is a crucial year for the ‘roaring ’20s’, UBS says
Investing.com — As the U.S. economy and equity markets thrive halfway through the decade, UBS analysts suggest 2025 will be pivotal in determining whether the “Roaring ‘20s” economic regime can continue…
Half of investors want to spend more on hedge funds, says BofA survey
By Nell Mackenzie LONDON (Reuters) – Half of the global investors surveyed by Bank of America’s prime brokerage department plan to allocate more money to hedge funds this year, while…
Foreign investors bet on Turkey, drawn by rate cuts, easing inflation
By Libby George and Karin Strohecker LONDON (Reuters) – Foreign investors are flocking to Turkey’s local debt markets, saying they are impressed by interest rate cuts and easing inflation and…
US consumer sentiment ebbs in January; 12-month inflation expectations rise
WASHINGTON (Reuters) – U.S. consumer sentiment weakened in January for the first time in six months amid worries about the labor market and potential higher prices for goods if President…
Goldman Sachs on tariff evasion
Investing.com — Goldman Sachs analysts highlighted the growing issue of tariff evasion as a significant factor in the apparent decline in U.S. imports from China, which have dropped by $240 billion…
US existing home sales rise to 10-month high in December
By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales increased to a 10-month high in December, but further gains are likely to be limited by elevated mortgage rates and…
Verizon wireless subscriber growth hits 5-yr high, profit view weak
By Harshita Mary Varghese (Reuters) -Verizon Communications on Friday reported its best quarterly wireless subscriber growth in five years, fueled by robust demand for its customizable myPlan, Black Friday deals…