#rockfence-capitals

#rockfence-capitals

Ackman is about to get a lot more money to play around with - about $5 billion more - when he takes the rare step of a dual initial public offering for Pershing.

The iShares Biotechnology ETF is the default large-cap vehicle for the sector. It is market-cap weighted, which concentrates the fund in cash-generative incumbents rather than spreading capital across clinical-stage names.

Chinese stocks have spent the last five years really testing the patience of even the most hardcore contrarians. Between the property sector struggles, the crackdown on tech platforms, and the constant friction over chip exports and tariffs, valuations have been pushed down across the board.

EMLC holds a broad mix of about 507 bonds issued by emerging market governments, all denominated in local currencies such as the Brazilian real, South African rand, Turkish lira, and Mexican peso. Almost the entire portfolio is sovereign debt at roughly 99 percent, so the fund is essentially a pure government credit exposure.

The U.S. and its allies have expended a great deal of their arsenal in the past few years. It simply does not matter if there's a peace deal tomorrow, because those weapons must be stockpiled again and then some.

Steve Schwarzman stated that the firm is 'navigating an intensely negative campaign against the private credit sector,' urging a separation of 'fact from fiction' regarding investor sentiment.