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Bank of America: ETF Assets to Go 10X, Hit $50 Trillion in 10 Years
ETF assets could hit $50 trillion by 2030, a figure that is more than ten times current levels, according to Bank of America. The bank also said this week that these assets may hit $5.3 trillion by the end of 2020 (Note: total assets are $4.3 trillion as of this publication date).
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Magnetar Capital Aims to Launch $400 Million Health Fund
Magnetar Capital will launch its first healthcare hedge fund in 2020. The firm aims to close a $400 million fund by mid-2020, according to Bloomberg. The company will look to…

Hacker Uses Ingenious MO to Siphon $1M from VC Firm
Security researchers at cybersecurity firm Check Point relate how Chinese hackers hijacked $1 million of seed money that was supposed to travel from a Chinese venture capital firm to an…

Hedge Fund Billionaire Bill Ackman Looks for 50% Returns in 2019
Billionaire Bill Ackman and his hedge fund are having a great 2019. Last month, Ackman’s hedge fund added another gross return of 3.4% — or 3.2% after fees. This gain…

Hedge Fund White Elm Capital to Shut Down Despite Big Gains
White Elm Capital is shutting down its hedge fund operations. Founder Matthew Iorio wrote a letter to investors Friday announcing the decision.

Five Star Funds Launches Hedge Fund to Focus on Vegas, Baby
Five Star Funds announced it would create the Flamingo All Weather Fund, a new fund aimed to capitalize on favorable economic conditions in Las Vegas.

Canadian Pensions Home in on Lucrative Indian Private Debt
A lending crisis has opened up profitable opportunities to lend to Indian performing companies. The Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers Pension Plan, may deploy up…

SEC Blocks NYSE Bid for Direct Listings
What are direct listings? They are not allowed by the SEC at the New York Stock Exchange. Direct listings allow firms to engage in the public equity markets without selling…

Alexion Pharmaceuticals Rejects Elliott Demand for “Proactive Sale”
Alexion Pharmaceuticals will not obey Elliott Management’s demand for a “proactive sale.” The company says that the process of seeking a buyer doesn’t suit shareholder interest. The biotech firm has…

Virtus Capital President: Market Could Fall 50% If This Happens
Virtus Capital managing partner Steven Gidumal warned that markets could tank should America elect Bernie Sanders, Elizabeth Warren or Pete Buttigieg. “If a Socialist is Elected, the Market will sell off…

Steve Cohen Looks to Boost Stake As MLB Team Owner
As uber-rich private equity and hedge fund billionaires are homing in on sports franchises, Steve Cohen is negotiating to up his current 8% stake in the Mets to 80%. Cohen…