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As We Give Thanks, AI And Mag 7 Take Cash To The Bank
Seeking Alpha· 2025-12-02 15:30
Core Viewpoint - Wade W. Slome is a prominent figure in investment management, recognized for his significant achievements and contributions to the field [1] Group 1: Professional Background - Wade W. Slome is the President and Founder of Sidoxia Capital Management, LLC, and has authored a book detailing his management of $20 billion by age 32 [1] - He has been featured in major media outlets such as CNBC, ABC News, and the Wall Street Journal, highlighting his expertise and influence in the investment community [1] - Slome is also an instructor at the University of California, Irvine, teaching an Advanced Stock Investment course, showcasing his commitment to education in finance [1] Group 2: Credentials and Achievements - He holds an MBA from Cornell University with a focus on Finance and a B.A. in Economics from UCLA, indicating a strong academic foundation [1] - Slome is recognized as the second youngest manager among the largest 25 actively-managed U.S. mutual funds in 2005, reflecting his early success in the industry [1] - He previously managed one of the ten largest growth funds in the U.S. with $20 billion in assets under management at American Century Investments [1]
'How Foundational Can It Be?' VanEck Says 'Nah' To XRP Despite High ETF Demand
Yahoo Finance· 2025-12-02 15:16
Core Insights - Matthew Sigel, Head of Digital Assets Research at VanEck, questions the foundational value of XRP, especially in light of BlackRock and VanEck's hesitance to launch XRP-related products [1][4] - Franklin Templeton has launched an XRP exchange-traded fund (ETF), claiming XRP plays a foundational role in global settlement infrastructure, contrasting with BlackRock's lack of plans for an XRP ETF [2][3] - Despite the success of Canary Capital's XRP ETF, which recorded a day-one trading volume of $58 million and $250 million in inflows, BlackRock and VanEck remain uninterested in XRP offerings [5] Company Perspectives - BlackRock has no current plans to file for an XRP or Solana ETF, indicating a cautious stance towards XRP compared to its involvement with Bitcoin and Ethereum ETFs [3] - VanEck has launched a Solana ETF but has chosen not to pursue an XRP offering, reflecting a similar skepticism as BlackRock [3] Market Context - XRP is the third-largest cryptocurrency by market cap, often associated with cross-border transactions through its connection to Ripple, which utilizes XRP for its on-demand liquidity product [6] - Ripple's significant holdings of XRP, approximately 34.76 billion (nearly 35% of total supply), raise concerns among some in the cryptocurrency community regarding the asset's value proposition [7]
Who Is Salim Ramji? The Executive Who Took BlackRock Into Bitcoin—And Just Opened Vanguard to Crypto
Yahoo Finance· 2025-12-02 14:08
Vanguard CEO Salim Ramji was previously head of BlackRock’s iShares division. Credit: Smith Collection/Gado/Getty Images. Key Takeaways Vanguard has finally opened up its brokerage platform to Bitcoin ETFs. The change has been widely anticipated ever since Salim Ramji took over as CEO. Ramji previously spearheaded BlackRock’s entry into crypto ETFs. As the head of BlackRock’s iShares division between 2019 and 2024, Salim Ramji helped launch one of the first spot Bitcoin exchange-traded funds (ETFs ...
Mount Logan Capital Inc. to Participate in the Northland Capital Markets Growth Conference on December 16, 2025
Globenewswire· 2025-12-02 14:00
Core Viewpoint - Mount Logan Capital Inc. will participate in the Northland Capital Markets Growth Conference on December 16, 2025, providing an opportunity for investors to engage with the leadership team through one-on-one and small group meetings [1][2]. Company Overview - Mount Logan Capital Inc. is an integrated alternative asset management and insurance solutions firm focused on generating durable, fee-based revenue and long-term value creation [3]. - The company employs differentiated investment strategies alongside permanent insurance capital to deliver attractive, risk-adjusted returns across market cycles [3]. Business Operations - Through its subsidiaries, Mount Logan Management LLC and Ability Insurance Company, the firm manages and invests across private and public credit markets in North America and reinsurance of annuity products [4]. - The integrated platform aims to provide stable earnings, downside protection, and a low risk of principal impairment throughout the credit cycle [4]. - As of September 30, 2025, Mount Logan Capital had over $2.1 billion in assets under management [4].
AGF Management Limited Recognized as One of Greater Toronto’s Top Employers for 2026
Globenewswire· 2025-12-02 13:23
TORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) -- AGF Management Limited (AGF) is pleased to announce it has been recognized for the second time since 2024 as one of Greater Toronto’s Top Employers for 2026 by Mediacorp Canada Inc., organizers of the annual Canada’s Top 100 Employer project. This distinction highlights AGF’s strong organizational culture and ongoing commitment to creating an environment where employees can thrive. “At AGF, our people are our greatest asset and being an employee-centric organizatio ...
Morning Minute: Vanguard Finally Lets Investors Buy Crypto
Yahoo Finance· 2025-12-02 13:19
Core Insights - Vanguard, a $9 trillion asset manager, has shifted its stance on cryptocurrency, now allowing customers to buy Bitcoin, Ethereum, and XRP ETFs through its brokerage accounts, marking a significant change in crypto adoption [3][4][6] - This move opens access to regulated crypto products for millions of retail and retirement investors, integrating crypto into traditional investment portfolios alongside index funds [8][9] Company Actions - Vanguard has rolled out support for both spot and futures crypto ETFs, including those tied to Bitcoin, Ethereum, XRP, and Solana, although it is not launching its own ETF [3][4] - The decision to allow third-party issuers to offer crypto ETFs on its platform represents a major shift in Vanguard's previous hard-line stance against crypto investments [6][9] Market Implications - The introduction of crypto ETFs on Vanguard's platform is expected to attract a new class of investors, including retirement savers and index-fund loyalists, who typically do not engage in active trading but seek exposure to crypto assets [8] - This development signifies a broader acceptance of cryptocurrency within traditional finance, indicating that crypto is becoming a standard part of investment offerings [9]
Apollo to Present at the Goldman Sachs 2025 US Financial Services Conference
Globenewswire· 2025-12-02 13:00
Core Insights - Apollo will have its CEO, Marc Rowan, participate in a fireside chat at the Goldman Sachs US Financial Services Conference on December 10, 2025 [1] - A live webcast of the event will be available on Apollo's Investor Relations website, with a replay accessible shortly after the event [1] Company Overview - Apollo is a high-growth global alternative asset manager with a focus on providing clients with excess returns across various risk-reward spectrums, including investment grade credit and private equity [2] - The company has over three decades of investing expertise and offers innovative capital solutions for growth [2] - As of September 30, 2025, Apollo managed $908 billion in assets [2]
BlackRock turns bearish on long-term Treasuries as AI funding wave looms
Reuters· 2025-12-02 12:34
The BlackRock Investment Institute said on Tuesday it is turning bearish on long-term U.S. Treasuries, warning a coming wave of AI-related financing could put upward pressure on U.S. borrowing costs a... ...
Goldman Sachs agrees to acquire Innovator Capital for $2bn
Yahoo Finance· 2025-12-02 11:58
Goldman Sachs has signed an agreement to acquire Innovator Capital Management, a provider of defined outcome exchange-traded funds (ETFs), in a transaction worth around $2bn. Innovator currently manages 159 defined outcome ETFs. Goldman Sachs Asset Management will add $28bn in assets under supervision (AUS) from Innovator, enhancing its range of custom portfolio solutions and active ETF offerings. The transaction is anticipated to conclude in the second quarter of 2026 pending regulatory approval and cu ...
Vanguard’s ETF pivot: Will give clients access to XRP and other crypto funds
Yahoo Finance· 2025-12-02 11:34
Vanguard, the $11 trillion asset manager famous for resisting the cryptocurrency trend, is reversing course and will allow spot crypto exchange-traded funds to trade on its platform starting Tuesday. The move is seen as a major concession to investor demand. Vanguard serves clients with “diverse needs and risk profiles” and aims to give them “the ability to invest in products they choose,” Andrew Kadjeski, Vanguard’s head of brokerage and investments, told Bloomberg. Vanguard clients will be able to buy ...