Bernstein sees prediction market trading volume hitting $1 trillion by 2030, but an ongoing legal fight over sports event contracts could test that outlook.
Older homeowners retain trillions in equity as affordability pressures weigh on younger buyers.
AI disruption, inflation shocks and M&A boom reshape hedge fund playbook globally.
The giant asset manager's adjusted earnings of $12.53 per share topped estimates, but a market-driven slide from its year-end AUM record complicated an otherwise strong quarter.
Existing home sale transactions down 3.6% in March amid affordability strain and uneven spring market demand.
Energy shocks, rising yields and shifting ‘defensives’ signal a new stagflationary playbook.
Its investors include a number of Wall Street’s leading firms and alternative investment managers.
With $464 billion raised in alternatives since 2019 and wealth management fees up 17% year-over-year, the firm is pressing its advantage.
The offering, backed by $2.8 billion in private placement commitments, comes as Ackman simultaneously pursues a $64 billion bid for Universal Music Group.
Oil spikes and $4 fuel deepen economic strain as Middle East tensions disrupt global supply.
MSBT opened for trading on Wednesday at $20.74 per share.
A staff-wide email reminded employees of ethics rules as suspicious trades around the Iran conflict draw Democratic calls for tighter regulation.
Private equity may be getting a big push on Wall Street but wealth managers are still strategically using hedge funds to achieve client goals.
Report reveals wealth managers expect growth of wine within portfolios.
Oil prices remain more than 40% above pre-war levels and ship traffic through the Strait of Hormuz has barely recovered, as the US-Iran ceasefire frays amid competing claims over its terms.
“The implications of a Moody’s downgrade itself are that it damages confidence,” said a senior industry executive.
With more than $8 billion trapped across the industry and rivals capping withdrawals, the firm is now moving to capitalize on easing competition among lenders.
But inflation and supply chain risks are still dominating underlying market sentiment.
The JPMorgan chief''s annual letter points to the '70s oil-shock recession, private credit losses running "a little higher than they should be," and "second- and third-order effects" from emerging AI technology.
Roland Kastoun, asset and wealth management advisory leader at PwC, says private credit's recent troubles will ultimately make the asset class stronger.
