Neuberger Berman Nears First Close for $5 Billion Secondary Fund

Aug 19, 2025 | Markets, Private Markets

Neuberger Berman is closing in on a $5 billion goal for its flagship fund to buy secondary private equity stakes as investors flock to the strategy. The New York-based manager is expected raise at least half of its target in its initial phase of fundraising, also...

BlackRock Readies Venture Secondaries Fund as Market Expands

Aug 18, 2025 | Markets, Private Markets

BlackRock Inc. is preparing to roll out a new fund that will buy discounted venture capital stakes from other investors, expanding its push into a hot market. The world’s largest money manager disclosed plans for the fund this month in regulatory filings. BlackRock...

Wall Street Wrestles With Hedging Conundrum as Valuations Swell

Aug 15, 2025 | Markets

Nathan Thooft is no market bear. His team at Manulife Investment Management, which oversees $160 billion, still holds a modest overweight in stocks. But as US markets jump from record to record, he’s been trimming big winners, buying bonds and adding a layer of...

BofA’s Hartnett Says US Stocks to Falter After Jackson Hole

Aug 15, 2025 | Markets

US stocks are set to decline in the event of dovish signals from the Federal Reserve at the Jackson Hole economic symposium after this week’s record-breaking rally, according to Bank of America Corp. strategists. The team led by Michael Hartnett said investors...

China’s Economy Slows Sharply as Trade War Bites

Aug 14, 2025 | Markets

China’s economy slowed across the board in July with factory activity, investment and retail sales disappointing, suggesting Beijing’s crackdown on destructive price wars and spillovers from Donald Trump’s tariffs are casting a pall over the world’s No. 2 economy....