Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Blue Owl Capital Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements and undisclosed liquidity issues [2][4]. Group 1: Legal Investigation - The firm is encouraging investors who suffered losses in Blue Owl between February 6, 2025, and November 16, 2025, to discuss their legal rights [1]. - A federal securities class action has been filed against Blue Owl, with a deadline of February 2, 2026, for investors to seek the role of lead plaintiff [2][7]. - The complaint alleges that Blue Owl faced significant pressure on its asset base from BDC redemptions, leading to undisclosed liquidity issues and potential limitations on redemptions [4]. Group 2: Financial Impact - An article from the Financial Times reported that Blue Owl blocked redemptions in one of its private credit funds due to a merger, which could result in large losses for investors [5]. - Following the news of the merger, Blue Owl's stock price fell by $0.85, or 5.8%, closing at $13.77 per share on November 17, 2025, indicating a negative market reaction [6]. - Investors in Blue Owl Capital Corporation II will lose the ability to redeem cash at the fund's Net Asset Value (NAV) after the merger, with current shares trading approximately 20% under the fund's NAV [6]. Group 3: Call for Information - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding Blue Owl's conduct [8]. - The firm provides contact information for those interested in learning more about the class action and encourages communication from affected parties [8].

Core Insights - Wall Street firms, including JPMorgan, BlackRock, and Fidelity, have chosen Ethereum as their preferred blockchain for tokenization, indicating a significant trend in the financial industry [1][2][3]. Group 1: Adoption of Ethereum - JPMorgan's launch of the OnChain Net Yield Fund (MONY) follows BlackRock's USD Institutional Digital Liquidity Fund and Fidelity's Treasury Digital Fund, all utilizing Ethereum for tokenized money market funds (MMFs) [2]. - The largest funds from these firms each manage assets exceeding $1 trillion, contributing to a broader U.S. MMF market valued at over $7.5 trillion [2]. Group 2: Significance of Ethereum - The convergence of major asset management firms on Ethereum highlights its advantages, such as decentralization, a robust developer ecosystem, and regulatory familiarity, as opposed to private blockchains or newer networks [3]. - Ethereum's existing infrastructure supports asset managers in creating compliant and liquid on-chain offerings, reinforcing its position in the tokenization landscape [4]. Group 3: Alternative Blockchain Considerations - Despite Ethereum's dominance, alternative blockchains should not be overlooked; Provenance holds a significant share of the on-chain private credit market, and Polygon has seen substantial corporate bond issuance [5]. - Many companies developing tokenization solutions are adopting a blockchain-agnostic approach, indicating ongoing interest in both public and private networks [6]. Group 4: Future Implications - As tokenization gains traction on Wall Street, the current choices of infrastructure may establish standards for future on-chain markets, with Ethereum leading the way [7]. - JPMorgan's use of Ethereum for MONY contrasts with its deployment of other tokenized assets on its proprietary Kynexis platform, showcasing a diverse strategy in asset tokenization [8].

Core Insights - The article highlights a significant trend in 2025 where diversified investment strategies achieved strong returns, despite a general shift away from these strategies by investors [2][11][15] - Retail investors have been moving away from balanced and multi-asset funds, leading to 13 consecutive quarters of outflows in traditional blended strategies [7][15] - There is a growing concern among strategists that the abandonment of diversification could expose portfolios to risks, especially in a market characterized by high valuations and concentration in technology stocks [5][15] Investment Trends - Value-oriented equity ETFs attracted over $56 billion in inflows in 2025, marking the second-largest annual inflow since at least 2000, indicating a shift towards value investing [11][16] - Small-cap and international stocks are expected to outperform, with strategists predicting a broadening of US earnings growth into 2026 [12][16] - Alternative assets, including private credit, infrastructure, and digital assets, are gaining traction as investors seek exposure beyond traditional public markets [14][16] Market Dynamics - The 2022 bond market turmoil, driven by aggressive central bank tightening, has negatively impacted investor confidence in fixed income as a stabilizing asset [8][16] - The article notes that despite the focus on AI and tech, 2025 was characterized by a broader trend of global diversification rather than a singular focus on stocks [2][15] - There are indications of market froth, with some strategists warning that current market conditions may not align with fundamental valuations [13][16]

引言 引言：2025年行至尾声，A股整体呈现出" 指数上行、结构活跃 "的典型特征。在科技、红利反复切换、市场主线频繁轮动的背景下， 私 募基金业绩分化显著，而量化私募则成为全年较为亮眼的策略类型之一。（点此查看 量化私募最新业绩出炉！幻方连续3月排名稳居前 2！ ） 尤其是在11月中旬以来市场波动加大的环境中，量化策略凭借模型纪律、分散持仓与高频调仓优势，展现出较强的适应能力，不少产品年 内收益持续抬升。 量化私募策略表现依然亮眼 0 1 | 排名 | 公司简称 | 核心策略 | 很合排名 | 今年来收益 | 产品规模 | 是否有 | 智控人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 和产品数 | 构值 | 司前 7 9号牌 | | | | (1) | 灵均投资 | 股票 | 3 | | 27701 | 15 | 蒸障良 | | 2) | 宁波幻方量化 | 股票 | 11 | T | 238343 | 是 | 梁文锋 | | 3 | 稳博投资 | 股票 | 7 | 应监管要求 查看私募业绩 | 39401 | 德 | 殷陶,郑耀 ...

JOHANNES EISELE/AFP via Getty Images Stagflation is one of the biggest risks staring down the Fed in 2026, Apollo's Torsten Sløk says. The scenario, often thought to be the worst-case for the economy, entails slow growth and elevated inflation. That risk is one of the biggest obstacles to the Fed cutting rates next year, in Sløk's view. A top economist is back with a stagflation warning. Torsten Sløk, the chief economist at Apollo Global Management, said he believes stagflation is still one of the ...

BlackRock (NYSE: BLK) is looking to hire people in crypto leadership roles as the world's largest asset manager expands its digital asset offerings across the globe. The firm is the largest issuer of both Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). It also launched the first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), on Ethereum last year. And it seems BlackRock isn't taking a pause. Related: BlackRock reveals $38T U.S. debt will boost Bitcoin's gro ...

Core Viewpoint - The company is transitioning to a new business model that combines non-performing asset management and long-term equity investments, with the latter becoming a new stabilizing force for performance [1]. Group 1: Financial Performance Projections - The company is expected to achieve a year-on-year increase in net profit attributable to shareholders of 7.4%, 11.0%, and 8.6% from 2025 to 2027, reaching 10.33 billion, 11.46 billion, and 12.45 billion yuan respectively, with corresponding EPS of 0.13, 0.14, and 0.16 yuan, and BVPS of 0.83, 0.98, and 1.13 yuan [1]. - A valuation of 2x PB for 2025E is assigned to the company, resulting in a target price of 1.16 HKD, with an initial coverage rating of "Buy" [1]. Group 2: Non-Performing Asset Management - The company has been adjusting its structure since 2022, focusing on both the disposal of existing assets and maintaining acquisition pace while accelerating impairment provisions [2]. - New non-performing debt assets are projected to be 48.3 billion, 47.3 billion, and 49.1 billion yuan from 2022 to 2024, showing a year-on-year decrease of 44.38%, 2.20%, and an increase of 3.80% respectively; the balance of non-performing debts is expected to decline to 444.9 billion, 398.5 billion, and 342.9 billion yuan, with year-on-year changes of -9.36%, -10.43%, and -13.96% [2]. - Due to accelerated impairment, the income from non-performing asset disposals is forecasted to drop to 28.6 billion, 15.9 billion, and 3.8 billion yuan from 2022 to 2024, reflecting a year-on-year decline of 17.03%, 44.59%, and 76.12% [2]. Group 3: Long-Term Equity Investment - Long-term equity investments are positioned as a new stabilizing force to counteract industry cycles, providing steady returns and long-term value [2]. - The company prefers investments in blue-chip state-owned enterprises and industry leaders that offer stable cash flows, strong dividend capabilities, mature governance, and potential synergies with its ecosystem [2].

GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Patria Investments Limited ("Patria†) (NASDAQ: PAX), a global alternative asset manager, announced today the implementation of a new corporate structure designed to enhance its global operating model, drive operational excellence, and better support Patria's strategic execution at scale. To lead this new structure, Patria is creating the role of Global Chief Operating Officer ("COO†) and is pleased to introduce Nikitas Psyllakis, as its new Global. ...

We are ending 2025 with a complex landscape for US equities markets with record high valuations , and a clear distinction between the stocks that benefited from the new fiscal policies of the Trump administration andI am a dynamic finance professional with a Master’s in Banking & Finance from Université Paris 1 Panthéon-Sorbonne. My investing background mix corporate finance, M&A, and investment analysis, with a focus on real estate, renewable energy, and equity markets. I specialize in financial modelling, ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Blue Owl Capital Inc. during the specified Class Period of the upcoming lead plaintiff deadline on February 2, 2026, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Blue Owl securities between February 6, 2025, and November 16, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [2][5]. - The lead plaintiff must file a motion with the Court by February 2, 2026, to represent other class members in the litigation [2]. Group 2: Law Firm Credentials - Rosen Law Firm specializes in securities class actions and has a strong track record, including the largest securities class action settlement against a Chinese company [3]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [3]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3]. Group 3: Case Allegations - The lawsuit alleges that Blue Owl made false or misleading statements and failed to disclose significant issues, including pressure on its asset base from BDC redemptions and undisclosed liquidity issues [4]. - It is claimed that Blue Owl was likely to limit or halt redemptions of certain BDCs, and the defendants downplayed the severity of these issues, leading to materially misleading positive statements about the company's business and prospects [4]. - The lawsuit asserts that when the true details became known, investors suffered damages [4].