Exec Sum

Investors see AI hype masking broader tech weakness, allocators are planning new hedge fund investments, crypto fraud is up big this year, and Trump will go head-to-head vs. Kamala Harris on the debate stage tonight (which will certainly produce some hilarious memes)!

Thanks for expressing interest in accessing the Barclays M&A technical manual from 2009. I’ve gone flipped through the guide and the vast majority of the information is still relevant in how to approach company valuation.

Thanks for expressing interest in accessing the Barclays M&A technical manual from 2009. I’ve gone flipped through the guide and the vast majority of the information is still relevant in how to approach company valuation.

Oaktree criticized Advent and Silver Lake in a rare public call-out, the US yield curve un-inverted, Palantir and Dell are joining the S&P 500, OnlyFans is swimming in cash, US sports betting industry is firing on all cylinders, legal political betting markets are here, and Kendrick Lamar is headlining Super Bowl 2025 (*Drake punching the air rn*).

BofA was accused of sharing insider information with investors, money-market fund assets hit a record-high, a16z is leaving Miami, and family offices AUM is set to to surpass hedge funds by 2030.

Apollo is planning a trading desk for private credit, hedge funds remained steady amid August’s turmoil, foreign investors are fleeing Asian tech stocks, and Goldman is projecting an economic boost from a Harris presidency.

US subpoenaed Nvidia, Norway may divest from Israel war stocks, bond traders are pricing in a historically steep Fed easing, and capital markets got ACTIVE despite another stock market clappening to kick off September.

The S&P is beating all major AI-themed ETFs, private credit is eyeing student loans, Intel is planning a major restructuring, UK tax reform could spark a PE exodus, and Nvidia employees are being overworked like bankers.

PE is looking to LBO little league sports, Apple and Nvidia are set to invest in OpenAI, Intel is in its flop era, X might be banned in Brazil soon, and the Dow closed at a new all-time high.

Nokia released a ‘dumb’ phone for Gen Z, Two Sigma’s co-founders stepped down, Berkshire Hathaway hit a $1T market cap, OpenAI is seeking a $100B+ valuation, and Nvidia once again kept the US stock market afloat…literally

NFL voted to allow PE investments, Hindenburg shorted Super Micro, Intel’s struggles are causing cracks in their board, US companies are tweaking DEI policies, and China is planning a major bond market intervention.

Biden admin ‘repeatedly pressured’ Meta to censor content, France released a statement on Telegram co-founder’s arrest, Dow closed at a record high, and Eurizon’s CEO sees currency as the only market risk that’s not priced in.