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US investment firm falls victim to crypto fraudsters
NEWS INDUSTRY NEWS MAY 15, 2024
US investment firm falls victim to crypto fraudsters

Funds are reportedly still missing from $1.7B firm's main hedge fund.

IEA sees global oil demand softening
NEWS INDUSTRY NEWS MAY 15, 2024
IEA sees global oil demand softening

It's the second straight month that the outlook has been cut.

Pimco helps Allianz to higher profit in Q1
NEWS INDUSTRY NEWS MAY 15, 2024
Pimco helps Allianz to higher profit in Q1

Bond management unit posted best quarter in six years.

Powell preaches patience as he reiterates higher-for-longer stance
NEWS INDUSTRY NEWS MAY 14, 2024
Powell preaches patience as he reiterates higher-for-longer stance

The Federal Reserve chair sees continuing need for hawkish rate hold amid sticky inflation and continuing strength in the jobs market.

Is investors’ love affair with thematic ETFs officially over?
INVESTING ETFS MAY 14, 2024
Is investors’ love affair with thematic ETFs officially over?

With ETFs around thematic bets bleeding billions so far this year, niche asset managers have had to make some tough choices.

Stock rally vulnerable to stagflation: BofA strategist
NEWS INDUSTRY NEWS MAY 14, 2024
Stock rally vulnerable to stagflation: BofA strategist

This week's CPI data could add to the risk.

Goldman Sachs eyes Gulf opportunities for wealthy clients
NEWS INDUSTRY NEWS MAY 14, 2024
Goldman Sachs eyes Gulf opportunities for wealthy clients

Wall Street firm plans to launch new strategies focused on the region.

US IPOs to pause after raising $1B in five weeks
NEWS INDUSTRY NEWS MAY 14, 2024
US IPOs to pause after raising $1B in five weeks

The rest of the year may see a stream rather than a tidal wave.

In just five months, junk muni fund zooms from zero to $1B
INVESTING FIXED INCOME MAY 13, 2024
In just five months, junk muni fund zooms from zero to $1B

The growth of the strategy, helmed by multi-decade industry veteran and “king” of high-yield muni bonds, reflects a market-wide hunger.

GameStop surge leaves short sellers with a $1.4B burn
INVESTING ALTERNATIVES MAY 13, 2024
GameStop surge leaves short sellers with a $1.4B burn

Skeptics betting against the popular meme stock were hit with massive paper losses as the company’s share price roughly tripled this month.