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Masimo CEO Joe Kiani stepped down following a two-year skirmish with an activist investor that ejected him from his own board.
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Intelligent Alpha launched a new ETF that leverages AI large-language models to mimic some of the world’s best stock pickers.
Morgan Stanley is bolstering its ETF suite by converting two mutual funds into exchange-traded funds under the Morgan Stanley Pathway brand.
The actively managed investment vehicles have quickly gained momentum after a Securities and Exchange Commission rule change in 2019.
White House officials are drafting plans to start a sovereign wealth fund that could invest in national security interests.
Deloitte estimates say private wealth management advisory firms will control $9.5 trillion by 2030, up 73% from the current $5.5 trillion.
The funds that track the second-largest cryptocurrency were off to the races in late July, but have been stuck in the ether ever since.
The shift highlights the growing footprint of traditional firms in the digital asset industry, and signals renewed confidence in crypto.
Stripe wants to fortify blockchain transactions with it’s latest patent.
Y Combinator is backing Ares Industries, a defense company that builds “low-cost cruise missiles.” It previously avoided the defense market.
Ackman’s Pershing Square Capital Management announced that its planned IPO for a US closed-end fund will raise $2 billion.
Nearly 50 years ago, Vanguard disrupted the investing world by launching the first index fund for individual investors. Now comes the sequel.
Buffer ETFs have quickly gained momentum with 200 funds currently trading on US markets with about $37 billion in aggregate assets.
Mt. Gox is finally paying off its roughly $9 billion debt to former customers, highlighting how much the bitcoin market evolved.
KPS Capital Partners sold Eviosys to Sonoco for $3.9 billion after paying $2.7 billion in 2021, a rare buyout windfall in 2024.