Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.
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The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.
While the strategies can be seen as the next logical step in crypto investing, some are calling them a step into speculative waters.
Shein and Temu have been able to keep the costs on their platforms alarmingly low, but there’s been a hidden political cost racking up.