Author: Charlotte

Southfield-based Belle Tire is being acquired by the private equity-backed chain Big Brand Tire & Service. The deal was announced July 16 and is expected to close sometime later in the quarter. The financial terms were not disclosed. Belle Tire is one of the larger tire and auto servicing chains in the Midwest and has 185 locations in Michigan, Ohio, Indiana and Illinois. Big Brand Tire & Service is a chain with a presence in mostly Western states. It was acquired in 2021 by San Francisco-based private equity firm Percheron Capital. A Belle Tire location off Haggerty Road in Commerce…

KAREN JOY BACUDO Finance Editor AngelList has acquired fund management software company Ark, expanding its reach among fund administrators in private markets. Ark serves administrators, including Standish Management, MeritageAG, and Kranz Consulting. Those firms use Ark to support more than 500 venture capital and private equity firms, with more than USD $185 billion in assets on the platform. The acquisition brings Ark into AngelList’s broader private markets platform, which includes fund management and accounting, banking, cap tables, and other tools used by investors and fund managers. In the coming months, Ark’s customers will gain access to AngelList’s infrastructure for fund…

In the high-stakes world of digital assets, finding a balance between the frantic pace of day trading and the long-term patience of “HODLing” can be a challenge. For many, the answer lies in a strategy that captures the best of both worlds: swing trading. Key Takeaways Swing trading is a medium-term strategy where traders hold positions for several days to several weeks to profit from expected price “swings.” To identify a trend’s beginning and exit before the momentum reverses. Unlike scalping or day trading, it requires only a few hours of analysis per week, making it ideal for those with…

Index additions put Solaris Energy Infrastructure in focus Solaris Energy Infrastructure (SEI) has come into focus after being added to several S&P indices, including the S&P 600, S&P 1000, S&P 600 Energy and related sector benchmarks. See our latest analysis for Solaris Energy Infrastructure. The recent index inclusions come after a sharp pullback in Solaris Energy Infrastructure’s share price. It is down 15.77% over the past week and 25.84% over the past month, even though the year to date share price return is 19.94% and the 1 year total shareholder return is 108.60%. This points to strong longer term gains…

A passive hybrid fund combines the long-term growth potential of equities with the relative stability of government securities (Gsecs). “Equities act as the primary return driver while Gsecs help cushion market volatility,” says Bhavesh Jain, president and co-head, factor investing, Edelweiss Mutual Fund.  The debt allocation can make the investment journey less volatile than that of a pure-equity portfolio. “The structure provides a smoother investment experience and improved risk-adjusted outcomes,” says Jain.  The allocation to Gsecs can control the risk arising from the credit quality of instruments in the debt portfolio.  Disciplined asset allocation  Passive…

CoinShares (NASDAQ: CSHR) indicated that sentiment around Bitcoin has begun to improve, driven primarily by broader economic indicators rather than sector-specific developments. Following an extended period of outflows from digital asset products, fresh capital has started flowing back in, reflecting renewed optimism tied to evolving expectations for US monetary policy. Global exchange-traded products (ETPs) tracking digital assets experienced outflows totaling approximately $8 billion over eight consecutive weeks—the most severe streak on record. This trend reversed recently, with inflows of about $287 million recorded last week across all issuers. Early signs suggest this positive momentum could continue into the current period,…

She alleged he never provided her with a statement prepared by the vendors about the fire and repairs, and downplayed what had occurred when discussing the property.But Oldham says he did tell the prospective buyer about the fire and denied withholding information about the property’s history.Two years after the fire, in preparation for the sale, the owners had drafted a statement describing the cause of the fire and the repairs, but said there was no structural damage.The statement said that “all fire-related concerns [had been] addressed and signed off by the fire chief”. Oldham, as the selling agent, and a…

Where can you buy Unlimited Wealth Utility? UWU tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Unlimited Wealth Utility is Raydium, where the most active trading pair UWU/USD1 has a trading volume of $1.98 in the last 24 hours. What is the daily trading volume of Unlimited Wealth Utility (UWU)? The trading volume of Unlimited Wealth Utility (UWU) is $1.98 in the last 24 hours, representing a 0.40% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies. What is the highest…

Don Calcagni may be Mercer Advisors’ chief investment officer, chairing the $115 billion RIA’s committee that stewards its wealthy clients’ money, but he also helps oversee Aspen Partners, the firm’s two-year-old proprietary private markets fund-of-funds platform for its wealthiest clients. Aspen Partners represents a shift in the industry: that a sufficiently large registered investment adviser can act as its own general partner—sourcing, underwriting and managing institutional-grade private equity, venture and credit exposure in-house—rather than routing client capital through intermediary platforms like iCapital or CAIS. It’s a bet a growing cohort of RIAs, Mercer among the largest, are increasingly willing to…

It’s Friday afternoon, and maybe you don’t care who London’s youngest and most gloried hedge fund managers are. If you do, we have listed them below. 💥Follow us on WhatsApp for news alerts.💥The names in this chart are drawn from Companies House, which helpfully lists partners and birth dates for the hedge funds which still have partners. Not all do, and so the list is not definitive. As BlueCrest found to its detriment earlier this month, being a partnership is no guarantee of sidestepping employer’s national insurance. Many hedge funds already reached this conclusion and converted to limited companies years ago.The…