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Insights on Financial Markets
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InsightsGoldman Sachs gold price target takes a turn after Fed rate hikeGoldman Sachs maintained its bullish view on gold in a note published on Sept. 18, telling investors that Federal Reserve rate hikes should slow the rally rather than derail it entirely.
InsightsDavid Tepper makes surprising double bet on AI’s biggest bottleneckAppaloosa Management added $107 million of CoreWeave stock and $38 million of SpaceX stock to its technology-heavy portfolio in the second quarter. Alphabet, Amazon, Micron Technology, and TSM were Appaloosa’s biggest positions.
InsightsMillennium Nears $100 Billion in New Era for Giant Hedge FundsEnglander, 77, is showing no signs of slowing down. In fact, he's ramping up an unusual model of seeding dozens of smaller would-be rivals to give his firm more capacity to take on investor cash.
InsightsKKR-backed OPI nail polish owner Wella Co files for US IPOKKR-backed OPI nail polish owner Wella Company filed for a U.S. IPO on Monday, adding to a growing list of consumer companies looking to test investor interest for retail brands in public markets.
InsightsBill Ackman’s Pershing Square invests $1.1B in fintech giantWhen Bill Ackman’s Pershing Square Capital Management puts capital to work, Wall Street pays attention. The billionaire investor’s firm just disclosed a brand new stake in one of the biggest names in payments. And the size of the bet is hard to ignore.
InsightsKKR makes $9 billion takeover bid for energy distributor UGIPrivate equity firm KKR has offered to buy U.S. natural gas and electricity distributor UGI Corp (UGI.N), opens new tab for $9 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.