1 day ago
Northern Trust Corporation (NASDAQ:NTRS) announced on September 7 that Warwickshire Pension Fund had appointed it to provide global custody, valuation reporting, capital call execution and performance measurement. The UK public pension fund has approximately £3.6 billion, or $4.8 billion, in ****** ets.
The appointment strengthens the pension-servicing franchise of Northern Trust Corporation (NASDAQ:NTRS). Contract duration and fees were not disclosed in the announcement. The investment question is whether the relationship can generate meaningful recurring revenue and support further wins.
Scale sets the hurdle. Northern Trust Corporation (NASDAQ:NTRS) reported $20.0 trillion of ****** ets under custody or administration at June 30. Warwickshire's ****** ets equal approximately 0.024% of that base. The pension ****** ets represent a servicing opportunity, with revenue depending on the services provided and contractual pricing.
Northern Trust Corporation (NASDAQ:NTRS) won responsibility for several connected functions. Combining custody, valuation reporting, and performance measurement could make the relationship more embedded in the fund's operations. Capital call execution also provides a role in supporting private-market investments.
Warwickshire is one of 18 partner funds in Border to Coast Pensions Partnership. For Northern Trust Corporation (NASDAQ:NTRS), successful delivery could provide a reference for additional pension mandates. The opportunity lies in repeating the service model across clients and expanding relationships as operational needs evolve.
#pension #assets
The appointment strengthens the pension-servicing franchise of Northern Trust Corporation (NASDAQ:NTRS). Contract duration and fees were not disclosed in the announcement. The investment question is whether the relationship can generate meaningful recurring revenue and support further wins.
Scale sets the hurdle. Northern Trust Corporation (NASDAQ:NTRS) reported $20.0 trillion of ****** ets under custody or administration at June 30. Warwickshire's ****** ets equal approximately 0.024% of that base. The pension ****** ets represent a servicing opportunity, with revenue depending on the services provided and contractual pricing.
Northern Trust Corporation (NASDAQ:NTRS) won responsibility for several connected functions. Combining custody, valuation reporting, and performance measurement could make the relationship more embedded in the fund's operations. Capital call execution also provides a role in supporting private-market investments.
Warwickshire is one of 18 partner funds in Border to Coast Pensions Partnership. For Northern Trust Corporation (NASDAQ:NTRS), successful delivery could provide a reference for additional pension mandates. The opportunity lies in repeating the service model across clients and expanding relationships as operational needs evolve.
#pension #assets
2 days ago
During the episode aired on September 8, Mad Money host Jim Cramer turned his focus to Apple Inc. (NASDAQ:AAPL), breaking down why the tech giant remains his ultimate "fantasy football" quarterback for steady, reliable portfolio performance. He stated:
We know how to draft on Mad Money so, break out your pen and paper and let's get started. Now, we got to start with our quarterback in fantasy… You're typically only playing one quarterback per week. And what you want here is consistent production. That's why for the past several years, I've picked Apple as my fantasy stock football QB. As always, own it, don't trade it. Not only does Apple make the most beloved products in the world, they're playing a very different game from their mega cap peers. Everybody else is spending hundreds of billions of dollars on AI. Apple's spending next to nothing, just partnering with AI companies. They desperately want access to Apple's massive user base.
To me, that makes Apple a lot less risky than the other members of the Magnificent Seven. To put that in NFL terms, Apple reminds me of Josh Allen, the quarterback for the Buffalo Bills. Allen's a known quantity. He was the league MVP two years ago. Then last year, he had 25 passing touchdowns, 14 rushing touchdowns, which, well, it gives you more points in fantasy football. But the main parallel is that both Apple and Allen are now under new management. For the first time in 15 years, Apple has a new CEO, John Ternus, who officially took over from Tim Cook last week. Similarly, at the end of last season, the Buffalo Bills let go of former head coach Sean McDermott, nine seasons, promoting former offensive coordinator Joe Brady to the position.
Cramer's comparison highlights Apple Inc.'s (NASDAQ:AAPL) distinct structural advantage within the Magnificent Seven. While rival mega-cap tech peers sink hundreds of billions of dollars into capital-intensive data center builds and proprietary AI infrastructure, the company has adopted a resource-efficient model. By integrating third-party AI capabilities while guarding its massive, high-intent global user base, the company limits its exposure to heavy upfront capital expenditure and margin compression.
Apple Inc.'s (NASDAQ:AAPL) high user retention continues to drive significant cash flow generation. Its hardware and premium services loop creates deep consumer loyalty, allowing the company to maintain pricing power and high profitability without taking on the aggressive infrastructure risk carried by other major technology players.
#Apple #aapl #last
We know how to draft on Mad Money so, break out your pen and paper and let's get started. Now, we got to start with our quarterback in fantasy… You're typically only playing one quarterback per week. And what you want here is consistent production. That's why for the past several years, I've picked Apple as my fantasy stock football QB. As always, own it, don't trade it. Not only does Apple make the most beloved products in the world, they're playing a very different game from their mega cap peers. Everybody else is spending hundreds of billions of dollars on AI. Apple's spending next to nothing, just partnering with AI companies. They desperately want access to Apple's massive user base.
To me, that makes Apple a lot less risky than the other members of the Magnificent Seven. To put that in NFL terms, Apple reminds me of Josh Allen, the quarterback for the Buffalo Bills. Allen's a known quantity. He was the league MVP two years ago. Then last year, he had 25 passing touchdowns, 14 rushing touchdowns, which, well, it gives you more points in fantasy football. But the main parallel is that both Apple and Allen are now under new management. For the first time in 15 years, Apple has a new CEO, John Ternus, who officially took over from Tim Cook last week. Similarly, at the end of last season, the Buffalo Bills let go of former head coach Sean McDermott, nine seasons, promoting former offensive coordinator Joe Brady to the position.
Cramer's comparison highlights Apple Inc.'s (NASDAQ:AAPL) distinct structural advantage within the Magnificent Seven. While rival mega-cap tech peers sink hundreds of billions of dollars into capital-intensive data center builds and proprietary AI infrastructure, the company has adopted a resource-efficient model. By integrating third-party AI capabilities while guarding its massive, high-intent global user base, the company limits its exposure to heavy upfront capital expenditure and margin compression.
Apple Inc.'s (NASDAQ:AAPL) high user retention continues to drive significant cash flow generation. Its hardware and premium services loop creates deep consumer loyalty, allowing the company to maintain pricing power and high profitability without taking on the aggressive infrastructure risk carried by other major technology players.
#Apple #aapl #last
8 days ago
As electricity demand surges amid AI data center growth, two utility companies stand out. NextEra Energy (NYSE: NEE) and Constellation Energy (NASDAQ: CEG) are both incredibly strong businesses, but are taking different approaches to this new chapter in North American power.
NextEra is both a traditional utility provider and a powerhouse in renewable energy. It is planning to spend $94 billion through 2030 in an aggressive push to build out its footprint. In May, the energy giant announced an all-stock agreement to acquire Dominion Energy. This deal will make NextEra the world's largest utility business, but the megamerger is facing intense regulatory scrutiny.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The company's dividend yield is holding strong at over 3%. The stock has risen just 2% this year. NextEra is a reliable income producer, but could see substantial growth through the early 2030s.
Constellation's approach is completely different from NextEra's. Constellation is the largest nuclear power operator in the U.S. It's also an independent power producer, meaning it sells electricity on the open market and not through a regulated utility model. This gives it greater pricing volatility, but potentially more upside.
#energy #flashing
NextEra is both a traditional utility provider and a powerhouse in renewable energy. It is planning to spend $94 billion through 2030 in an aggressive push to build out its footprint. In May, the energy giant announced an all-stock agreement to acquire Dominion Energy. This deal will make NextEra the world's largest utility business, but the megamerger is facing intense regulatory scrutiny.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The company's dividend yield is holding strong at over 3%. The stock has risen just 2% this year. NextEra is a reliable income producer, but could see substantial growth through the early 2030s.
Constellation's approach is completely different from NextEra's. Constellation is the largest nuclear power operator in the U.S. It's also an independent power producer, meaning it sells electricity on the open market and not through a regulated utility model. This gives it greater pricing volatility, but potentially more upside.
#energy #flashing
9 days ago
California's cost-of-living index of 111 versus Texas's 97 drives real savings, but only for retirees drawing heavily from IRAs and 401(k)s.
California exempts Social Security from state income tax and Prop 13 caps property tax growth, but both benefits are permanently surrendered the day you sell.
Proposition 19 lets homeowners 55-plus transfer their existing Prop 13 ******* sed value to any California replacement home before listing on the market.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Every few months, a friend or cousin sends the same message: they sold the California house, cashed out the equity, and moved somewhere the mortgage, insurance, and gas stop hurting. The savings are described in a tone between relief and vindication. This piece examines whether the promised savings survive a full retirement budget, or whether a long-time Californian is quietly giving up more than the moving truck can carry.
#whether #Social #learn
California exempts Social Security from state income tax and Prop 13 caps property tax growth, but both benefits are permanently surrendered the day you sell.
Proposition 19 lets homeowners 55-plus transfer their existing Prop 13 ******* sed value to any California replacement home before listing on the market.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Every few months, a friend or cousin sends the same message: they sold the California house, cashed out the equity, and moved somewhere the mortgage, insurance, and gas stop hurting. The savings are described in a tone between relief and vindication. This piece examines whether the promised savings survive a full retirement budget, or whether a long-time Californian is quietly giving up more than the moving truck can carry.
#whether #Social #learn
11 days ago
Brookfield and Bloom Energy have dramatically enlarged their wager on data-center electricity. On June 30, Brookfield **** et Management Ltd. (NYSE:BAM) and Bloom Energy Corporation (NYSE:BE) expanded an AI infrastructure framework from $5 billion to as much as $25 billion. Brookfield can finance eligible deployments through its investment vehicles, while Bloom can supply fuel-cell systems that generate power near the customer. The arrangement attacks a genuine bottleneck, but its impressive ceiling is not the same thing as committed revenue.
A Bloom Energy power generation system. Photo from Bloom Energy website
Bloom Energy Corporation (NYSE:BE) offers speed. Its systems can be installed on-site, reducing dependence on slow transmission projects and helping data centers obtain reliable power sooner. If AI demand keeps outrunning the grid, the company can turn its manufacturing platform into a central infrastructure solution. The bear case is execution at unprecedented scale. Equipment costs, fuel availability, service obligations, and project-specific economics will determine whether deployments create durable margins rather than merely large order headlines.
Brookfield **** et Management Ltd. (NYSE:BAM) brings capital formation and **** et expertise. It can choose projects, structure financing, and earn fees without manufacturing the equipment itself. A $25 billion framework expands the universe of potential **** ets and gives Brookfield access to long-lived infrastructure demand. However, capital is deployed only when projects meet contracts and underwriting criteria. Brookfield still bears financing, construction, counterparty, and **** et-performance risks through participating vehicles.
The partnership works because each side absorbs a different part of the problem. Bloom supplies technology and accepts manufacturing and performance risk. Brookfield organizes capital and accepts underwriting risk. Customers must still sign viable contracts. Investors should therefore resist adding the framework ceiling to either company's backlog. The opportunity becomes valuable one approved project at a time, with disciplined underwriting and execution.
#bloom
A Bloom Energy power generation system. Photo from Bloom Energy website
Bloom Energy Corporation (NYSE:BE) offers speed. Its systems can be installed on-site, reducing dependence on slow transmission projects and helping data centers obtain reliable power sooner. If AI demand keeps outrunning the grid, the company can turn its manufacturing platform into a central infrastructure solution. The bear case is execution at unprecedented scale. Equipment costs, fuel availability, service obligations, and project-specific economics will determine whether deployments create durable margins rather than merely large order headlines.
Brookfield **** et Management Ltd. (NYSE:BAM) brings capital formation and **** et expertise. It can choose projects, structure financing, and earn fees without manufacturing the equipment itself. A $25 billion framework expands the universe of potential **** ets and gives Brookfield access to long-lived infrastructure demand. However, capital is deployed only when projects meet contracts and underwriting criteria. Brookfield still bears financing, construction, counterparty, and **** et-performance risks through participating vehicles.
The partnership works because each side absorbs a different part of the problem. Bloom supplies technology and accepts manufacturing and performance risk. Brookfield organizes capital and accepts underwriting risk. Customers must still sign viable contracts. Investors should therefore resist adding the framework ceiling to either company's backlog. The opportunity becomes valuable one approved project at a time, with disciplined underwriting and execution.
#bloom
18 days ago
The dollar index (DXY00) is up by +0.17% today. The weakness in stocks today has boosted some liquidity demand for the dollar. Also, today's report on the July Chicago Fed national activity index was stronger than expected, supportive of the dollar. Gains in the dollar are limited by today's report from CNBC that said the Treasury could use the Treasury General Account, which had a balance of $935 billion on August 20, to fund expanded buybacks of higher-yielding, older government securities. Also, today's decline in WTI crude oil by more than -1% lowers inflation expectations and is dovish for Fed policy.
The US July Chicago Fed national activity index fell -0.14 to -0.08, slightly stronger than expectations of -0.09.
Why This Week Looks to Be Fun
STLD Stock Leads U.S. Steel Stocks Higher Amid Escalating Trade War With Canada
Dollar Moves Higher as US Ramps Up Pressure on Iran
#treasury
The US July Chicago Fed national activity index fell -0.14 to -0.08, slightly stronger than expectations of -0.09.
Why This Week Looks to Be Fun
STLD Stock Leads U.S. Steel Stocks Higher Amid Escalating Trade War With Canada
Dollar Moves Higher as US Ramps Up Pressure on Iran
#treasury
23 days ago
Datavault AI Inc. (NASDAQ: $DVLT) has agreed to acquire Wyoming-chartered BankWyse, adding regulated custody and commercial banking capabilities to a tokenization platform that is beginning to show stronger revenue growth.
The deal remains subject to regulatory approval and customary closing conditions. BankWyse operates as a Wyoming Special Purpose Depository Institution, combining qualified custody with commercial banking services across digital **** ets and fiat currencies.
Datavault said the acquisition would connect banking and custody to a broader stack built around data valuation, tokenization and exchange infrastructure. Customers are expected to be able to bring data and real-world **** ets onto the platform, have those **** ets valued and tokenized, hold them in custody and eventually trade them through Datavault-operated exchanges.
More From Cryptoprowl:
MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#wyoming
The deal remains subject to regulatory approval and customary closing conditions. BankWyse operates as a Wyoming Special Purpose Depository Institution, combining qualified custody with commercial banking services across digital **** ets and fiat currencies.
Datavault said the acquisition would connect banking and custody to a broader stack built around data valuation, tokenization and exchange infrastructure. Customers are expected to be able to bring data and real-world **** ets onto the platform, have those **** ets valued and tokenized, hold them in custody and eventually trade them through Datavault-operated exchanges.
More From Cryptoprowl:
MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#wyoming
24 days ago
Brown Brothers Harriman, an investment management company, released its Q2 2026 investor letter for the "BBH Select Mid Cap ETF". A copy of the letter can be downloaded here. In the quarter, the fund increased 9.7% on a total return basis compared to the Russell Midcap Index's 13.8% return. Artificial intelligence is a key factor influencing market performance, with high-valuation and high-beta companies consistently outperforming others. The portfolio saw gains from being overweight in technology and industrials but missed opportunities due to underweighting more cyclical stocks. At the end of Q2 2026, the Fund held positions in 27 companies, with 48% of ***** ets concentrated in the top 10 holdings. The Fund's strategy focuses on companies priced below intrinsic value to ensure a margin of safety, rather than on whether valuations are high or low. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, BBH Select Mid Cap ETF highlighted Darling Ingredients Inc. (NYSE:DAR). Darling Ingredients Inc. (NYSE:DAR) is a leader in converting edible and inedible bio-nutrients to sustainable natural ingredients. On August 19, 2026, Darling Ingredients Inc. (NYSE:DAR) closed at $66.94 per share, reflecting a market capitalization of $10.56 billion. Darling Ingredients Inc. (NYSE:DAR) posted a one-month return of 5.58%, while its shares gained 110.37% over the past 52 weeks.
BBH Select Mid Cap ETF stated the following regarding Darling Ingredients Inc. (NYSE:DAR) in its Q2 2026 investor letter:
"The Fund's largest detractors to performance in the quarter were Guidewire Software Inc. (Guidewire) and Darling Ingredients Inc. (NYSE:DAR). Darling returned -11.7% during the quarter, ending with a weight of 4.0% after trimming the position early in the quarter on strength. Darling is the global leader in rendering animal byproducts and used cooking oil into fats and proteins for a variety of end uses, including animal feed, specialty health products, and renewable diesel through a joint venture with Valero called Diamond Green Diesel (DGD). Darling reported stronger than expected first quarter 2026 results, driven by better performance in the core Feed and Food segments, as well as stronger margins at DGD. Notwithstanding lower oil prices at quarter- end, Darling is extremely well-positioned for significantly improved profitability, with long-awaited certainty on government mandates finalized at the end of first quarter 2026, which will support both margins at DGD and higher Feed prices. These end markets are further benefiting from higher prices as a result of the recent conflict in the Middle East. The full benefit of recent development will start to be apparent in second quarter 2026."
#darling #select #investor #return
In its Q2 2026 investor letter, BBH Select Mid Cap ETF highlighted Darling Ingredients Inc. (NYSE:DAR). Darling Ingredients Inc. (NYSE:DAR) is a leader in converting edible and inedible bio-nutrients to sustainable natural ingredients. On August 19, 2026, Darling Ingredients Inc. (NYSE:DAR) closed at $66.94 per share, reflecting a market capitalization of $10.56 billion. Darling Ingredients Inc. (NYSE:DAR) posted a one-month return of 5.58%, while its shares gained 110.37% over the past 52 weeks.
BBH Select Mid Cap ETF stated the following regarding Darling Ingredients Inc. (NYSE:DAR) in its Q2 2026 investor letter:
"The Fund's largest detractors to performance in the quarter were Guidewire Software Inc. (Guidewire) and Darling Ingredients Inc. (NYSE:DAR). Darling returned -11.7% during the quarter, ending with a weight of 4.0% after trimming the position early in the quarter on strength. Darling is the global leader in rendering animal byproducts and used cooking oil into fats and proteins for a variety of end uses, including animal feed, specialty health products, and renewable diesel through a joint venture with Valero called Diamond Green Diesel (DGD). Darling reported stronger than expected first quarter 2026 results, driven by better performance in the core Feed and Food segments, as well as stronger margins at DGD. Notwithstanding lower oil prices at quarter- end, Darling is extremely well-positioned for significantly improved profitability, with long-awaited certainty on government mandates finalized at the end of first quarter 2026, which will support both margins at DGD and higher Feed prices. These end markets are further benefiting from higher prices as a result of the recent conflict in the Middle East. The full benefit of recent development will start to be apparent in second quarter 2026."
#darling #select #investor #return
29 days ago
At $157.8 billion, FCNTX's scale forces it into mega-caps, with six tech giants alone consuming 35% of the portfolio.
Arista Networks (ANET) and Amphenol (APH) deliver the fund's real contrarian edge, returning 795% and 370% over five years.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and FCNTX didn't make the cut. Grab the names FREE today.
Fidelity Contrafund's contrarian pitch runs into a $157.8 billion problem: the fund is so big that its bets against the crowd often are the crowd.
Fidelity Contrafund (NASDAQ:FCNTX) is an actively managed large-cap growth mutual fund whose 428 positions mix mega-cap tech, a few defensive value names, and a rare slate of private-market stakes. As of the fund's March 31, 2026 NPORT filing, the top 10 holdings represent 45.66% of net ***** ets, and the combined Meta, Nvidia, Amazon, Microsoft, Apple, and Alphabet stack alone accounts for 34.65% of the portfolio. That is broad-market leadership wearing an active manager's badge.
#fcntx #alone #Portfolio
Arista Networks (ANET) and Amphenol (APH) deliver the fund's real contrarian edge, returning 795% and 370% over five years.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and FCNTX didn't make the cut. Grab the names FREE today.
Fidelity Contrafund's contrarian pitch runs into a $157.8 billion problem: the fund is so big that its bets against the crowd often are the crowd.
Fidelity Contrafund (NASDAQ:FCNTX) is an actively managed large-cap growth mutual fund whose 428 positions mix mega-cap tech, a few defensive value names, and a rare slate of private-market stakes. As of the fund's March 31, 2026 NPORT filing, the top 10 holdings represent 45.66% of net ***** ets, and the combined Meta, Nvidia, Amazon, Microsoft, Apple, and Alphabet stack alone accounts for 34.65% of the portfolio. That is broad-market leadership wearing an active manager's badge.
#fcntx #alone #Portfolio
29 days ago
As Americans turn to chatbots for answers on everything from grammar questions and popular baby names to how to store berries so they last longer, it's no surprise that some are also seeking financial advice from AI.
However, the stakes are markedly higher when it comes to financial decisions — you could potentially lose a lot more than a pint of blueberries.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#americans #jeff #bezos
However, the stakes are markedly higher when it comes to financial decisions — you could potentially lose a lot more than a pint of blueberries.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#americans #jeff #bezos
1 month ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management attributed the record adjusted net income to a 'one of one' diversification strategy where no single product group represents more than one-third of gross written premium.
The Residential Earthquake book, comprising 64% of the Earthquake book, acted as a stable foundation with 96% retention, offsetting a 20% rate decrease in the highly competitive large Commercial Earthquake market.
Casualty growth of 37% was driven by the migration of seasoned portfolios from established program administrators, utilizing a framework of modest line sizes and conservative attachment points to ensure shorter tail development.
Crop insurance significantly outperformed initial expectations, with management raising the full-year premium outlook to over $400 million due to successful talent acquisition and the launch of the PLMR.Farm AI platform.
#NVIDIA #commercial
Management attributed the record adjusted net income to a 'one of one' diversification strategy where no single product group represents more than one-third of gross written premium.
The Residential Earthquake book, comprising 64% of the Earthquake book, acted as a stable foundation with 96% retention, offsetting a 20% rate decrease in the highly competitive large Commercial Earthquake market.
Casualty growth of 37% was driven by the migration of seasoned portfolios from established program administrators, utilizing a framework of modest line sizes and conservative attachment points to ensure shorter tail development.
Crop insurance significantly outperformed initial expectations, with management raising the full-year premium outlook to over $400 million due to successful talent acquisition and the launch of the PLMR.Farm AI platform.
#NVIDIA #commercial
1 month ago
Jenna O'Malley/PitchBook News
In the first half of 2026, a record number of private equity managers used continuation funds to return cash to their investors without having to sell companies. They also moved to capture a bigger slice of returns when that sale eventually comes.
By dollar volume, around 35% of continuation funds closing in the first six months of the year had premium economics, colloquially known as super carry, baked into their fund documents, according to investment bank Evercore. This compares with 15% in the bank's full-year 2025 survey.
While there is no single definition of what constitutes super carry, Evercore, the most active broker of continuation fund deals, defines it as terms that allow a fund manager to claim more than 20% of the profit generated by a deal.
The highest level of carry observed in a 2025 study of continuation funds by law firm Morgan Lewis was 30%. The firm, which often represents institutional investors in secondary deals, also noted that three-quarters of continuation funds had tiered carry structures. For example, in the case of a fund employing super carry, a 2x return might net the manager a 20% profit share, with a 3x return bringing it 30%.
#continuation #carry #funds
In the first half of 2026, a record number of private equity managers used continuation funds to return cash to their investors without having to sell companies. They also moved to capture a bigger slice of returns when that sale eventually comes.
By dollar volume, around 35% of continuation funds closing in the first six months of the year had premium economics, colloquially known as super carry, baked into their fund documents, according to investment bank Evercore. This compares with 15% in the bank's full-year 2025 survey.
While there is no single definition of what constitutes super carry, Evercore, the most active broker of continuation fund deals, defines it as terms that allow a fund manager to claim more than 20% of the profit generated by a deal.
The highest level of carry observed in a 2025 study of continuation funds by law firm Morgan Lewis was 30%. The firm, which often represents institutional investors in secondary deals, also noted that three-quarters of continuation funds had tiered carry structures. For example, in the case of a fund employing super carry, a 2x return might net the manager a 20% profit share, with a 3x return bringing it 30%.
#continuation #carry #funds
1 month ago
Markets enter an earnings-dominated week with a huge concentration of corporate results spanning technology, industrials, healthcare, consumer discretionary, and entertainment sectors.
This will provide a critical ******* sment of economic health and corporate fundamentals amid persistent uncertainty about technology sector valuations and AI infrastructure spending.
Apple Delivers Strong Free Cash Flow, But What is the Best AAPL Play?
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
The earnings calendar features major reports from ******* eX (SPCX), Advanced Micro Devices (AMD), Palantir Technologies (PLTR), Pfizer (PFE), McDonald's (MCD), Arista Networks (ANET), Caterpillar (CAT), Spotify (SPOT), Merck (MRK), SanDisk (SNDK), Uber Technology (UBER), AppLovin (APP), Shopify (SHOP), Disney (DIS), and Eli Lilly (LLY).
#earnings #corporate #delivers
This will provide a critical ******* sment of economic health and corporate fundamentals amid persistent uncertainty about technology sector valuations and AI infrastructure spending.
Apple Delivers Strong Free Cash Flow, But What is the Best AAPL Play?
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
The earnings calendar features major reports from ******* eX (SPCX), Advanced Micro Devices (AMD), Palantir Technologies (PLTR), Pfizer (PFE), McDonald's (MCD), Arista Networks (ANET), Caterpillar (CAT), Spotify (SPOT), Merck (MRK), SanDisk (SNDK), Uber Technology (UBER), AppLovin (APP), Shopify (SHOP), Disney (DIS), and Eli Lilly (LLY).
#earnings #corporate #delivers
1 month ago
July 29 (Reuters) - Bunge raised its full-year adjusted profit forecast on Wednesday after beating Wall Street estimates for second-quarter earnings, helped by strong performances in its soybean and softseed processing businesses amid improving market conditions.
U.S. corn and soybean prices have climbed sharply since the start of the Iran war, prompting farmers to step up sales of grain they had held back from last year's harvest amid a prolonged period of weak prices.
The price rally has spurred sales across the Midwest, with farmers moving corn, soybeans and wheat from storage bins to ethanol producers and major grain handlers such as Archer-Daniels-Midland and Bunge.
Prices of crops such as corn, which are used to make biofuels, also got a boost from a spike in crude oil prices due to the war.
Net sales from its soybean processing and refining were $12.07 billion, compared with $7.75 billion a year ago.
#processing
U.S. corn and soybean prices have climbed sharply since the start of the Iran war, prompting farmers to step up sales of grain they had held back from last year's harvest amid a prolonged period of weak prices.
The price rally has spurred sales across the Midwest, with farmers moving corn, soybeans and wheat from storage bins to ethanol producers and major grain handlers such as Archer-Daniels-Midland and Bunge.
Prices of crops such as corn, which are used to make biofuels, also got a boost from a spike in crude oil prices due to the war.
Net sales from its soybean processing and refining were $12.07 billion, compared with $7.75 billion a year ago.
#processing
2 months ago
This has been an amazing year for Advanced Micro Devices (NASDAQ: AMD) investors so far, as shares of the semiconductor specialist have jumped by an impressive 144%.
This incredible rally in AMD stock is well deserved, as the company is gradually becoming more influential in the artificial intelligence (AI) chip market. The good news for investors is that AMD's rally could get a nice shot in the arm when the company releases its second-quarter results after the market closes on Aug. 4, following a new development.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It has been just over a year since AMD announced that it will offer a next-generation AI server rack, known as Helios, to hyperscalers and AI companies. This rack-scale system integrates the chip designer's data center graphics processing units (GPUs), Epyc server processors, Pensando networking chips, and enormous amounts of high-bandwidth memory (HBM) to quickly process AI workloads in data centers.
AMD has already landed a major hyperscaler in the form of Meta Platforms to deploy Helios. And now, the chip designer has just announced that Microsoft will also deploy the Helios rack-scale servers in its Azure data centers "to power frontier model AI inference for Microsoft, its AI customers and support Azure AI services."
#chip
This incredible rally in AMD stock is well deserved, as the company is gradually becoming more influential in the artificial intelligence (AI) chip market. The good news for investors is that AMD's rally could get a nice shot in the arm when the company releases its second-quarter results after the market closes on Aug. 4, following a new development.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It has been just over a year since AMD announced that it will offer a next-generation AI server rack, known as Helios, to hyperscalers and AI companies. This rack-scale system integrates the chip designer's data center graphics processing units (GPUs), Epyc server processors, Pensando networking chips, and enormous amounts of high-bandwidth memory (HBM) to quickly process AI workloads in data centers.
AMD has already landed a major hyperscaler in the form of Meta Platforms to deploy Helios. And now, the chip designer has just announced that Microsoft will also deploy the Helios rack-scale servers in its Azure data centers "to power frontier model AI inference for Microsoft, its AI customers and support Azure AI services."
#chip
2 months ago
Dan Ives logs into the Zoom call in a loud, tropical shirt, the word "Margaritaville" splashed across the chest. He has spent the better part of 25 years as one of Wall Street's most recognizable tech bulls — a go-to voice on everything from Apple to Nvidia, a prolific note-writer who repeated the phrase "fourth industrial revolution" and has been telling investors, through every dip and correction, that they're still in the early innings. He has made a lot of people a lot of money by being consistently, loudly optimistic about technology stocks.
Now he is doing what he spent a decade and a half telling everyone else to do.
"Look, I'm an example of what I've preached over the years that AI will ultimately create more jobs than what it takes away," he told me in an interview, several weeks after leaving Wedbush Securities to launch Yorkville Ives, what he calls a "modern merchant bank" with Yorkville Securities. "If it wasn't for the AI revolution and it wasn't for this period … I couldn't do something like this."
That's the short version of what happened. The longer version, Ives told Fortune, is that after 25 years covering other people's companies, he realized he had never actually built one himself — and he wanted to. "As an ***** yst I always talk about companies, whether good or bad, what they've done. But I've never built anything," he said. He has helped institutional investors make money and CEOs shape narratives, he added, but he felt the itch. "I wanted to get off the treadmill and actually build something myself."
The first question, though, is just what he is building, actually. Ives said he traces the merchant bank concept back to Thomas Weisel and the early Jefferies era of the 1990s — outfits that didn't just publish research but put their own capital into transactions. "A lot of banks … they won't put their own money [in], they don't have the capital," he said. "That to me is really the key in terms of the difference with a merchant bank versus a typical investment bank."
Now he is doing what he spent a decade and a half telling everyone else to do.
"Look, I'm an example of what I've preached over the years that AI will ultimately create more jobs than what it takes away," he told me in an interview, several weeks after leaving Wedbush Securities to launch Yorkville Ives, what he calls a "modern merchant bank" with Yorkville Securities. "If it wasn't for the AI revolution and it wasn't for this period … I couldn't do something like this."
That's the short version of what happened. The longer version, Ives told Fortune, is that after 25 years covering other people's companies, he realized he had never actually built one himself — and he wanted to. "As an ***** yst I always talk about companies, whether good or bad, what they've done. But I've never built anything," he said. He has helped institutional investors make money and CEOs shape narratives, he added, but he felt the itch. "I wanted to get off the treadmill and actually build something myself."
The first question, though, is just what he is building, actually. Ives said he traces the merchant bank concept back to Thomas Weisel and the early Jefferies era of the 1990s — outfits that didn't just publish research but put their own capital into transactions. "A lot of banks … they won't put their own money [in], they don't have the capital," he said. "That to me is really the key in terms of the difference with a merchant bank versus a typical investment bank."
2 months ago
Sagimet Biosciences Inc. (NASDAQ:SGMT) is one of the 10 best stocks under $10 that could triple.
On June 29, Sagimet Biosciences Inc. (NASDAQ:SGMT) announced that it had been included in the broader Russell 3000 Index and the small-cap focused Russell 2000 Index, as part of the Russell Indexes reconstitution for 2026. The June index reconstitution incorporates about 4,000 of the largest U.S. companies, based on their market capitalization as of the April 30 close.
M. A. Arkhipov/Shutterstock.com
Inclusion in the Russell 3000 Index results in automatic addition to either the Russell 1000 Index or the Russell 2000 Index. It also leads to inclusions across indexes that cover value or growth tilts.
CEO David Happel said this development speaks volumes about what Sagimet has achieved over the years, with people now expecting the company to start its Phase 3 clinical study on denifanstat. He further stated:
On June 29, Sagimet Biosciences Inc. (NASDAQ:SGMT) announced that it had been included in the broader Russell 3000 Index and the small-cap focused Russell 2000 Index, as part of the Russell Indexes reconstitution for 2026. The June index reconstitution incorporates about 4,000 of the largest U.S. companies, based on their market capitalization as of the April 30 close.
M. A. Arkhipov/Shutterstock.com
Inclusion in the Russell 3000 Index results in automatic addition to either the Russell 1000 Index or the Russell 2000 Index. It also leads to inclusions across indexes that cover value or growth tilts.
CEO David Happel said this development speaks volumes about what Sagimet has achieved over the years, with people now expecting the company to start its Phase 3 clinical study on denifanstat. He further stated:
2 months ago
Sunbelt Rentals Holdings Inc. (NYSE:SUNB) is one of the best up and coming stocks to invest in right now. On June 6, Sunbelt Rentals announced its intention to launch a private offering of two series of benchmark-sized senior notes. This offering is subject to market and other prevailing conditions and is directed toward eligible purchasers.
The company plans to utilize the net proceeds from this offering for general corporate purposes. These include funding capital expenditures, working capital, and the potential repayment, refinancing, or redemption of existing indebtedness, such as amounts under current credit facilities.
Pixabay/Public Domain
These notes are being offered exclusively to qualified institutional buyers under Rule 144A and to non-US persons under Regulation S. As they have not been registered under the Securities Act of 1933, they cannot be offered or sold in the US without registration or an applicable exemption.
Sunbelt Rentals Holdings Inc. (NYSE:SUNB) is a rental & leasing services company that offers construction, industrial, and general equipment rental businesses for customers in various sectors.
The company plans to utilize the net proceeds from this offering for general corporate purposes. These include funding capital expenditures, working capital, and the potential repayment, refinancing, or redemption of existing indebtedness, such as amounts under current credit facilities.
Pixabay/Public Domain
These notes are being offered exclusively to qualified institutional buyers under Rule 144A and to non-US persons under Regulation S. As they have not been registered under the Securities Act of 1933, they cannot be offered or sold in the US without registration or an applicable exemption.
Sunbelt Rentals Holdings Inc. (NYSE:SUNB) is a rental & leasing services company that offers construction, industrial, and general equipment rental businesses for customers in various sectors.
2 months ago
Users of the Kalshi prediction market could soon bet on the price movements of gold (TVC: $GOLD) bullion.
Kalshi is seeking regulatory approval to offer perpetual future contracts tied to the price movements of gold, foreign currencies, and energy products such as crude oil.
Media reports say that Kalshi is in advanced discussions with U.S. regulators to introduce perpetual futures linked to traditional **** ets and commodities.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
Kalshi is seeking regulatory approval to offer perpetual future contracts tied to the price movements of gold, foreign currencies, and energy products such as crude oil.
Media reports say that Kalshi is in advanced discussions with U.S. regulators to introduce perpetual futures linked to traditional **** ets and commodities.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
2 months ago
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Sometimes, markets can be a harsher judge than the fashion police.
Levi Strauss & Co. reported top- and bottom-line figures Wednesday that beat Wall Street's second-quarter forecasts, hiked its earnings guidance and increased its dividend. Shares in the jeansmaker nonetheless fell 5% in after-hours trading. With demand for denim steady, why did investors react like it's cheap rayon?
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
READ ALSO: Can SK Hynix Escape Chipmaking's Cyclical Curse After Nasdaq Debut? and AstraZeneca Plunges After New Heart Disease Drug Fails Trial
Sometimes, markets can be a harsher judge than the fashion police.
Levi Strauss & Co. reported top- and bottom-line figures Wednesday that beat Wall Street's second-quarter forecasts, hiked its earnings guidance and increased its dividend. Shares in the jeansmaker nonetheless fell 5% in after-hours trading. With demand for denim steady, why did investors react like it's cheap rayon?
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
READ ALSO: Can SK Hynix Escape Chipmaking's Cyclical Curse After Nasdaq Debut? and AstraZeneca Plunges After New Heart Disease Drug Fails Trial
2 months ago
JEPQ beats JEPI with a 24% one-year gain and a record $0.64 July payout, but its Nasdaq-100 concentration amplifies downside risk in a correction.
JEPI caps single holdings like NVDA and AAPL below 2%, spreading risk across sectors that shields NAV from individual stock blowups.
A VIX at 16, well below its 12-month average of 18, squeezes option premiums for both funds but punishes JEPI's quieter S&P 500 base harder.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn't make the cut. Grab the names FREE today.
The battle between JPMorgan's two flagship covered-call income ETFs comes down to a simple trade-off: JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) offers the smoother ride, while JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) delivers the fatter distributions. In July 2026, that trade-off looks less balanced than usual, and the winner may not be the one income investors reflexively ****** ume.
JEPI caps single holdings like NVDA and AAPL below 2%, spreading risk across sectors that shields NAV from individual stock blowups.
A VIX at 16, well below its 12-month average of 18, squeezes option premiums for both funds but punishes JEPI's quieter S&P 500 base harder.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn't make the cut. Grab the names FREE today.
The battle between JPMorgan's two flagship covered-call income ETFs comes down to a simple trade-off: JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) offers the smoother ride, while JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) delivers the fatter distributions. In July 2026, that trade-off looks less balanced than usual, and the winner may not be the one income investors reflexively ****** ume.
2 months ago
Chesterfield, Missouri-based Bunge Global SA (BG) is a leading global agribusiness and food company that connects farmers with consumers by sourcing, processing, transporting, and distributing agricultural commodities and food ingredients worldwide. The company has a market cap of $21.1 billion, and it operates an extensive network of grain elevators, oilseed processing plants, export terminals, refineries, and food manufacturing facilities across North and South America, Europe, Asia, and other key agricultural markets.
BG is expected to release its Q2 2026 earnings on Wednesday, Jul. 29, before the market opens. Ahead of the event, **** ysts expect the company's EPS to be $2 on a diluted basis, up 52.7% from $1.31 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in each of its last four quarters.
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BG is expected to release its Q2 2026 earnings on Wednesday, Jul. 29, before the market opens. Ahead of the event, **** ysts expect the company's EPS to be $2 on a diluted basis, up 52.7% from $1.31 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in each of its last four quarters.
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