[ad_1] A historic surge of cash has swept into exchange-traded funds, spurring asset managers to launch new trading strategies that could be undone by a market downturn. This year’s inflows into ETFs world-wide crossed the $1 trillion mark for the first time at the end of November, surpassing last year’s total of $735.7 billion, according […]
[ad_1] Investments in private companies are saving the year for stock-picking hedge funds. Prominent managers that invest in both public and private companies in the same funds have seen their portfolio of public investments flail, weighed down by losses from January’s meme-stock rally and a retreat by fast-growing technology stocks. But soaring valuations of private […]
[ad_1] A pedestrian passes a UBS branch in Zurich earlier this month. Photo: Stefan Wermuth/Bloomberg News UBS Group AG UBS -2.22% posted better-than-expected second-quarter earnings from strong client activity in the world’s buoyant markets. On Tuesday, Switzerland’s biggest bank said net profit jumped to $2 billion from $1.23 billion a year earlier, outpacing analyst expectations […]
[ad_1] Pershing Square Tontine Holdings had planned a $4 billion purchase of a 10% stake in Universal Music Group. Photo: Bing Guan/Bloomberg News Updated July 19, 2021 2:24 pm ET William Ackman’s blank-check company picked a good target but a poor deal structure. To keep investors happy, both need to be right on a second […]
[ad_1] Universal Music’s headquarters in Santa Monica, Calif., earlier this year. Photo: Bing Guan/Bloomberg News By Adria Calatayud Updated July 19, 2021 3:40 am ET Pershing Square Tontine Holdings Ltd. PSTH -1.81% , a blank-check company led by hedge-fund manager William Ackman, said it won’t proceed with its proposed acquisition of a 10% stake in […]
[ad_1] Mexico’s largest payroll lender has had a tough year. Wall Street short sellers are betting it’s going to get worse. Credito Real SA CREAL 4.55% B de CV raised money from bond funds and the U.S. government in recent years, using its status as a lender to Mexico’s poor to tap into the booming […]
[ad_1] Intel plans to make more chips for other tech companies. Photo: David Paul Morris/Bloomberg News Intel Corp. INTC -1.26% is exploring a deal to buy GlobalFoundries Inc., according to people familiar with the matter, in a move that would turbocharge the semiconductor giant’s plans to make more chips for other tech companies and rate […]
[ad_1] Prague-based Avast primarily makes free and premium security software, offering desktop and mobile-device protection. Photo: david w cerny/Reuters NortonLifeLock Inc. NLOK -0.92% is in talks to buy European cybersecurity firm Avast Plc, according to people familiar with the matter, in a deal that would expand the U.S. company’s focus on consumer software. A deal […]
[ad_1] Emerging-markets stocks have outpaced developed-market shares over the past 12 months, making them a tempting investment option. So is now a good time to take the plunge, or should investors stay away? On the plus side, economic growth in emerging markets is expected to surpass growth in developed markets in the next few years. […]
[ad_1] Investors have lost a bundle this year betting on solar-panel and wind-turbine makers. Their response: to double down. A year ago, green stocks and the funds that track them rallied tremendously in the aftermath of the market’s recovery from a pandemic-induced swoon. Solar-panel and wind-turbine companies were among firms benefiting from a surge of […]