Partners Group is lowering management fees on its $7.4 billion global value fund and seeking shareholder approval for a restructuring while Blue Owl is emphasizing digital infrastructure, continuing to promote its software portfolio and launching retail-focused funds tied to the opportunity. Olivia Fishlow has more on "Bloomberg Open Interest."
CoreWeave stock fell more than 3% in premarket trading Tuesday as concerns over the AI cloud provider's rising borrowing costs and heavy debt continued to weigh on investor sentiment. Tyler Radke, Co-Head US Software Equity Research at Citi, discusses the AI boom and risks to the market as AI debt concerns grow.
Citadel Securities President Jim Esposito discusses the firm's relationship with banks, plans to grow in the fixed income market and his views on prediction markets with Bloomberg's Dani Burger on the sidelines of Citadel's annual Future of Global Markets Conference in New York.
"We're only really getting started in fixed income," Citadel Securities President Jim Esposito says during an interview with Bloomberg's Dani Burger on the sidelines of Citadel's annual Future of Global Markets Conference in New York. Esposito also says the firm is "maniacally" focused on market making.
Jeanne Sun of Citi discusses resilient earnings, AI-driven productivity gains and how investors are navigating market volatility. She says Citi favors US equities while remaining cautious on Treasuries as strong growth and sticky inflation pressure yields.
Mario Draghi, the former ECB head and former Italian prime minister, says Europe has to play a large role in ending the war between Russia and Ukraine. He says what happens in Ukraine, will define the relationship between the US and Europe. He speaks to Bloomberg's Lisa Abramowicz at the Citadel Securities Conference in New York.
The upcoming US midterm elections are being used as a clearing event for risk says Scott Rubner, Citadel Securities head of equity & equity derivatives strategy. He says this is the time "AI can outperform again." He speaks to Bloomberg's Dani Burger.
On this episode of Stock Movers: - Elice (KS) is floundering as it plunged in their trading debut, falling as much as 38% and finishing the day with a 32% loss. The selloff threatened a tentative recovery in Asian stocks and revived concerns over neoclouds, as rising borrowing costs and doubts over returns from massive AI spending sour investor appetite. - GE Aerospace (GE) is moving after raising its full-year outlook amid strong aircraft engine demand, despite resurgent jet fuel prices. - General Motors (GM) shares are lower after the company narrowed its full-year profit forecast and will buy back another $20 billion in stock, reflecting strong cash flows. General Motors reported higher profit and revenue in the latest quarter despite selling fewer cars.
Renewed selling in chipmakers dragged down stocks as the dismal debut of a South Korean data center firm revived concerns about the artificial-intelligence trade. John Mowrey, CIO at NFJ Investment Group, discusses the markets and AI trade.
Dave McKay, president and CEO at Royal Bank of Canada, said he's considering blocking Meta Platform Inc.'s popular artificial intelligence agent Muse from accessing the bank's customer information. "You have to protect that consumer and then we're liable for that as an organization," McKay said on "Bloomberg Surveillance."
