Franklin Templeton Agrees to Buy Lexington Partners for $1.75 Billion
Mutual fund companies are making acquisitions to broaden their offerings and cushion the blow of losing customers who are favoring index funds.
Recent
We May Need to Start Thinking About Tesla at $3 Trillion
With short-sellers cowed, Tesla $3T could be closer than we think.
Cathie Wood’s ARK Bought More Robinhood Ahead of Earnings Flop
A pair of Ark exchange-traded funds bought more than 836,000 shares, worth at least $32.4 million, of Robinhood. On Wed. Robinhood plunged 10%.
Deutsche Bank Seeks to Boost Hiring as War for Talent Rages
Deutsche Bank is considering rebuilding parts of its investment bank which were cut during a large restructuring.
Robinhood Sinks Below IPO Price as Revenue Misses Estimates
The latest quarter was a test of Robinhood’s potential as retail investors moderated their trading activity after a sizzling first half.
Tesla Is the First Junk-Rated Company to Get a $1 Trillion Valuation
S&P’s upgrade of Tesla has auto manufacturer knocking on high grade’s door. We expect the company to cross over to investment grade within 12 months.
Women Were Scared of Working at Blackstone, Schwarzman Says
We realized that women weren’t applying to Blackstone. We tried to find out why and we found out that they were scared of us. Scary is the only woman.
