#pennantpark

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from24/7 Wall St.
11 hours ago

PennantPark's 14% yield is running on fumes as dividend coverage cracks

Net investment income per share has not covered the quarterly distribution for at least four consecutive quarters. Q1 2026 NII came in at $0.27 per share against a declared distribution of $0.3075.
Business
Venture
fromwww.businessinsider.com
15 hours ago

Citi is stepping up its data center financing push and aiming to close the gap with Wall Street rivals

Citi aims to establish a leadership position in AI infrastructure, targeting $3 trillion in capital by 2030 to compete with Wall Street rivals.
#bitcoin-etf
Cryptocurrency
fromnews.bitcoin.com
2 days ago

Morgan Stanley Joins ETF Game, Bitmine Trades on NYSE, And More Week In Review

Morgan Stanley launched a low-fee bitcoin ETF, intensifying competition and potentially increasing bitcoin demand.
fromnews.bitcoin.com
4 days ago
Cryptocurrency

Morgan Stanley Low-Fee Bitcoin ETF Sparks Fee War Across Issuers, Analyst Says

Morgan Stanley's launch of a low-fee bitcoin ETF is reshaping competition and pricing in digital asset markets.
fromBitcoin Magazine
5 days ago
Cryptocurrency

Morgan Stanley Becomes Official First US Bank To Launch A Spot Bitcoin ETF

Morgan Stanley launched a spot bitcoin ETF, MSBT, with the lowest expense ratio, challenging BlackRock's IBIT in the U.S. crypto ETF market.
Cryptocurrency
fromnews.bitcoin.com
2 days ago

Morgan Stanley Joins ETF Game, Bitmine Trades on NYSE, And More Week In Review

Morgan Stanley launched a low-fee bitcoin ETF, intensifying competition and potentially increasing bitcoin demand.
Cryptocurrency
from24/7 Wall St.
2 days ago

Bitcoin News: Morgan Stanley Just Launched the Cheapest Bitcoin ETF on the Market

Morgan Stanley launched its own spot Bitcoin ETF, MSBT, marking a significant shift from its previous stance on Bitcoin's value.
Cryptocurrency
fromnews.bitcoin.com
4 days ago

Morgan Stanley Low-Fee Bitcoin ETF Sparks Fee War Across Issuers, Analyst Says

Morgan Stanley's launch of a low-fee bitcoin ETF is reshaping competition and pricing in digital asset markets.
Cryptocurrency
fromBitcoin Magazine
5 days ago

Morgan Stanley Becomes Official First US Bank To Launch A Spot Bitcoin ETF

Morgan Stanley launched a spot bitcoin ETF, MSBT, with the lowest expense ratio, challenging BlackRock's IBIT in the U.S. crypto ETF market.
#retirement
Retirement
from24/7 Wall St.
1 day ago

Retirees Love This High-Yield Monthly Income Fund Until They See What Happens in a Bear Market

Covered call ETFs can provide income but may mask significant losses in account value, leading to a negative total return for retirees.
from24/7 Wall St.
5 days ago
Retirement

4 ETFs That Pay Monthly Like a Paycheck and Yield Over 4 Percent

Retirees should be comfortable selling shares for withdrawals, as it has the same economic impact as receiving dividends.
Retirement
from24/7 Wall St.
1 day ago

Retirees Love This High-Yield Monthly Income Fund Until They See What Happens in a Bear Market

Covered call ETFs can provide income but may mask significant losses in account value, leading to a negative total return for retirees.
Retirement
from24/7 Wall St.
5 days ago

4 ETFs That Pay Monthly Like a Paycheck and Yield Over 4 Percent

Retirees should be comfortable selling shares for withdrawals, as it has the same economic impact as receiving dividends.
#real-estate
from24/7 Wall St.
2 days ago
Real estate

3 Real Estate ETFs Paying Over 3% That Retirees Are Using to Hedge Inflation

Real estate investments, particularly REITs, provide a reliable hedge against inflation for retirees seeking income and property appreciation.
Real estate
fromwww.housingwire.com
4 days ago

Why real estate investors are done waiting

In competitive real estate markets, speed and certainty are prioritized over lower rates by investors seeking to secure deals quickly.
Real estate
from24/7 Wall St.
2 days ago

3 Real Estate ETFs Paying Over 3% That Retirees Are Using to Hedge Inflation

Real estate investments, particularly REITs, provide a reliable hedge against inflation for retirees seeking income and property appreciation.
Real estate
fromwww.housingwire.com
4 days ago

Why real estate investors are done waiting

In competitive real estate markets, speed and certainty are prioritized over lower rates by investors seeking to secure deals quickly.
#hedge-funds
Healthcare
from24/7 Wall St.
3 days ago

2 HedgeFund Favorites That Just Got Too Cheap to Ignore

Hedge funds may indicate potential buying opportunities in a volatile market, particularly with stocks like UnitedHealth Group showing promise.
Miami
fromwww.businessinsider.com
4 days ago

Some hedge funds are expanding in Miami but its share of prized portfolio managers has fallen

Miami's appeal as a hedge fund hub is waning, with fewer investment professionals relocating despite overall growth in the industry.
Venture
fromwww.businessinsider.com
6 days ago

This hedge fund launched with billions, then cruised under the radar. It has quietly doubled in size.

2024 saw significant hedge fund startups, with Freestone Grove surpassing $6 billion in assets and planning further expansion.
Healthcare
from24/7 Wall St.
3 days ago

2 HedgeFund Favorites That Just Got Too Cheap to Ignore

Hedge funds may indicate potential buying opportunities in a volatile market, particularly with stocks like UnitedHealth Group showing promise.
Miami
fromwww.businessinsider.com
4 days ago

Some hedge funds are expanding in Miami but its share of prized portfolio managers has fallen

Miami's appeal as a hedge fund hub is waning, with fewer investment professionals relocating despite overall growth in the industry.
Venture
fromwww.businessinsider.com
6 days ago

This hedge fund launched with billions, then cruised under the radar. It has quietly doubled in size.

2024 saw significant hedge fund startups, with Freestone Grove surpassing $6 billion in assets and planning further expansion.
#private-credit
Information security
fromBusiness Insider
1 month ago

Here's how private credit bosses are defending their software bets as markets scrutinize Blue Owl

Private credit firms face a reputational crisis over software loan exposure as AI threatens software-as-a-service companies, with Blue Owl experiencing record redemptions and industry leaders defending their portfolios.
Business
from24/7 Wall St.
2 weeks ago

Private Credit Could Crush the Stock Market: 5 Financial Dividend Giants With Zero Exposure

Private credit poses significant risks due to leverage and debt, with potential liquidity mismatches exacerbating financial instability.
Business
fromwww.businessinsider.com
2 weeks ago

Ares is the latest private credit player to limit withdrawals after investors ask to redeem their money

Ares Strategic Income Fund limits investor withdrawals to 5% amid a surge in redemption requests, reflecting broader concerns in the private credit market.
London startup
fromBusiness Matters
3 days ago

Retail backers of SEIT face wiping out half their money as green trust raises the white flag

Thousands of investors in SDCL Efficiency Income Trust face over 50% losses after the board opted for a managed wind-down instead of a rescue plan.
#401k
US politics
fromwww.nytimes.com
2 weeks ago

401(k) Plans Could Add Riskier Investments Under a New Rule

The Trump administration is enabling riskier alternative investments in 401(k) plans, easing regulations for plan sponsors.
Intellectual property law
fromAxios
1 week ago

Private equity's next step into 401(k)s

The final rule emphasizes a rules-based framework for 401(k) investments without endorsing specific asset classes like private equity or crypto.
US politics
fromwww.nytimes.com
2 weeks ago

401(k) Plans Could Add Riskier Investments Under a New Rule

The Trump administration is enabling riskier alternative investments in 401(k) plans, easing regulations for plan sponsors.
Intellectual property law
fromAxios
1 week ago

Private equity's next step into 401(k)s

The final rule emphasizes a rules-based framework for 401(k) investments without endorsing specific asset classes like private equity or crypto.
fromAlleywatch
4 days ago

Spade Raises $40M to Turn Messy Transaction Data into a Strategic Asset for Banks and Fintechs

Spade takes a fundamentally different approach: rather than training models on noisy transaction data, the company built a proprietary database of verified merchant records and treats enrichment as a search problem, matching each transaction to a real business in real time.
Marketing tech
Business
from24/7 Wall St.
9 hours ago

Oppenheimer Upgrades Blackstone to Outperform, Calling It the Premier Franchise at a Bargain Price

Blackstone stock rose 2% after Oppenheimer upgraded it to Outperform, citing attractive valuation despite a 25% year-to-date decline.
Retirement
from24/7 Wall St.
3 days ago

JEPQ's 11 Percent Yield Is Still Impressive but Here Is What Retirees Need to Know

The JPMorgan Nasdaq Equity Premium Income ETF offers retirees a high yield but requires understanding of income generation and market conditions.
Healthcare
from24/7 Wall St.
4 days ago

Our Favorite Passive Income Idea Pays Big Dividends and Grows Daily

Healthcare REITs present a compelling investment opportunity due to aging demographics and attractive valuations, offering reliable passive income and defensive characteristics.
Business
from24/7 Wall St.
12 hours ago

Why venture lenders are paying monthly dividends while banks retreat

Trinity Capital Inc. provides loans to growth-stage companies and pays a monthly dividend of $0.17 per share, yielding approximately 13.5%.
Cryptocurrency
fromnews.bitcoin.com
2 days ago

Morgan Stanley Bitcoin ETF Drives 3-Fold Impact as 16,000 Advisors Open Path to Multi-Billion Demand

Morgan Stanley's launch of a low-cost bitcoin ETF is set to significantly increase institutional demand and reshape the crypto market landscape.
#investing
Retirement
from24/7 Wall St.
3 days ago

2 Vanguard ETFs to Buy During the US Market Selloff

Investor concerns remain high amid ongoing conflict with Iran, with the S&P 500 down 4.36% year-to-date.
Business
from24/7 Wall St.
1 week ago

Bill Ackman Thinks It's Time to Buy Stocks. Here are 3 Magnificent Deals in the Pershing Portfolio

Bill Ackman believes it's an opportune time to invest in quality stocks amid current market conditions.
Business
from24/7 Wall St.
3 weeks ago

The Only S&P 500 ETF You Need in 2026 and It's Not the One You Think

Investors may save money by choosing iShares Core S&P 500 ETF (IVV) over SPDR S&P 500 ETF Trust (SPY) due to lower fees.
Business
from24/7 Wall St.
9 hours ago

Why Visa Is One of the Safest Dividend Growth Stocks to Own

Visa's business model generates strong cash flow and consistent dividend growth, with a low payout ratio providing a margin of safety.
Startup companies
from24/7 Wall St.
2 weeks ago

The First ETF Ever Created Just Turned 33. Here Is Why It Is Still One of the Most Powerful Investment Available

The first ETF was Canadian, but the SPDR S&P 500 ETF Trust is pivotal for U.S. investors, known for its liquidity and efficiency.
Venture
fromAlleywatch
6 days ago

The AlleyWatch March 2026 New York Venture Capital Funding Report

New York City's startup ecosystem raised $3.94 billion in March 2026, marking a 293.6% increase year-over-year driven by late-stage mega-rounds.
Cryptocurrency
from24/7 Wall St.
3 days ago

TD Cowen Initiates SharpLink With a Buy: Is This Crypto Sports Betting Play the Next Big Thing?

TD Cowen initiated coverage of SharpLink Gaming with a Buy rating, highlighting its unique position in sports betting and crypto treasury management.
Business
from24/7 Wall St.
6 hours ago

Why Millions of Investors Are Buying the Wrong NASDAQ ETF

Fidelity Nasdaq Composite Index ETF (ONEQ) offers broader exposure than QQQ by tracking over 600 securities instead of just 100.
Retirement
from24/7 Wall St.
5 days ago

5 ETFs Yielding Over 7 Percent Built for Long Term Income Investors

High-yield ETFs must be evaluated for sustainability to ensure they provide genuine income without depleting principal.
Venture
from24/7 Wall St.
6 days ago

Wealth Manager: "Hard to See a World Where You're Not Investing in AI" Buy These Dips Now

Investing in AI is essential for long-term growth, with major companies significantly increasing their capital expenditures and revenues.
from24/7 Wall St.
5 hours ago

Berkshire Hathaway Is Loading Up on These 4 Stocks. Here's Why

Berkshire Hathaway disclosed ownership of 5,065,744 shares of the New York Times, valued at approximately $351.7 million, marking its return to media investing after exiting its newspaper portfolio in 2020.
Business
Business
from24/7 Wall St.
4 hours ago

Energy and International ETFs Offer the Diversification Your $1,000 Deserves in 2026

The equity market in April 2026 presents varied ETF investment options amid a stable Fed rate and a low VIX.
NYC real estate
fromThe Daily Upside
3 weeks ago

How Advisors Are Finding Opportunities in Private Real Estate Right Now

Commercial real estate values remain 17% below 2022 peaks due to pandemic office vacancies and interest rate increases, presenting potential buying opportunities despite sector skepticism and illiquidity concerns.
Cryptocurrency
fromnews.bitcoin.com
5 days ago

Canary Capital Files PEPE ETF as Wall Street Tests Institutional Demand for Meme Coins

Canary Capital filed with the SEC for a PEPE ETF to provide regulated exposure to meme-based cryptocurrency without direct token custody risks.
Retirement
from24/7 Wall St.
6 days ago

2 Monthly Dividend ETFs That Pay Investors Like Clockwork

Dividends and distributions are different; dividends are company payments to shareholders, while distributions come from investment funds and can include various income types.
Business
from24/7 Wall St.
5 hours ago

Gladstone Capital's 10% yield comes with a hidden strength: dividend coverage that actually holds

Gladstone Capital focuses on secured debt and conservative leverage, providing steadier returns compared to typical BDCs that pursue aggressive yield strategies.
Business
from24/7 Wall St.
6 hours ago

The Most Unloved ETF in the World Is Also One of the Cheapest

EZA ETF offers exposure to South African resources and financial services, capitalizing on rising gold prices and demand for minerals amid energy transition.
Business
from24/7 Wall St.
10 hours ago

Had You Invested $1,000 in Goldman Sachs 10 Years Ago, Here's What You'd Have Now

Goldman Sachs reported strong Q1 2026 earnings but faced stock decline due to concerns over credit quality and net interest income.
Venture
from24/7 Wall St.
2 weeks ago

Inside One of Wall Street's Hottest Hedge Funds-and the 2 Trades Driving the Surge

Ratan Capital Management, led by Nehal Chopra, has outperformed most hedge funds, primarily due to significant holdings in Nvidia.
Business
from24/7 Wall St.
2 days ago

GDV returned 42% in a year by betting on dividend anchors like JPMorgan and Amex

Gabelli Dividend & Income Trust focuses on high total return through dividends and income, utilizing leverage to enhance distributions.
Cryptocurrency
fromBitcoin Magazine
1 week ago

Franklin Templeton Acquires CoinFund Spinoff For Crypto Push

Franklin Templeton acquires 250 Digital to enhance its digital asset strategy and establish a dedicated institutional crypto division.
Business
from24/7 Wall St.
3 days ago

7 Dividend ETFs Built to Survive a Recession and Pay You Through It

Recession indicators suggest caution; seven ETFs are designed to provide income and limit losses during downturns.
Business
from24/7 Wall St.
3 days ago

The 3 Managed Futures ETFs That Made Money While the S&P 500 Crashed

Managed futures strategies provide crisis alpha by capturing persistent market moves, offering low correlation to equities during downturns.
from24/7 Wall St.
3 days ago

Retirees Love This $578 Billion ETF, But Switching to These 2 Could Boost Income by 40%

Vanguard Total Stock Market ETF holds roughly $2.1 trillion in assets and has earned its place in millions of retirement portfolios. The appeal is straightforward: one fund, the entire U.S. equity market, a 0.03% expense ratio, and a 25-year track record.
Business
#ipo
Retirement
fromSubstack
2 weeks ago

Index Funds Aren't Boring. You're Just Addicted to Feeling Smart

Index funds provide predictable growth and often outperform complex investment strategies.
Business
from24/7 Wall St.
3 days ago

5 Forgotten Old-School Tech Dividend Stocks That Could Crush the Market in 2026

Legacy dividend tech stocks may offer better returns in 2026 as they generate consistent cash flow and dividends.
Business
from24/7 Wall St.
3 days ago

The 3 Most Recession Resistant ETFs to Buy Ahead of Tariff Uncertainty

Trump tariff policies have boosted US business but pose potential market volatility risks for retirees.
Business
from24/7 Wall St.
4 days ago

Why Smart Money Is Piling Into EFV as International Value Crushes Domestic Expectations

International developed markets are undervalued compared to U.S. stocks, and the iShares MSCI EAFE Value ETF captures this opportunity.
Business
from24/7 Wall St.
5 days ago

JPMorgan vs. Bank of America: Wall Street Has a Clear Favorite Stock Right Now

JPMorgan Chase and Bank of America show contrasting financial performances, with JPMorgan focusing on growth through scale and innovation, while Bank of America emphasizes consistent income growth.
Business
from24/7 Wall St.
5 days ago

If You Invested $1,000 in Bank of America, Citigroup, or Wells Fargo 10 Years Ago

Bank of America, Citigroup, and Wells Fargo have shown distinct paths in performance and strategy for long-term investors.
Business
from24/7 Wall St.
5 days ago

UMB Financial Rated New Outperform: The Under-the-Radar Regional Bank Wall Street Just Discovered

UMB Financial has received an Outperform rating from Autonomous Research, indicating strong potential for growth and investment interest.
Business
from24/7 Wall St.
6 days ago

3 ETFs That Beat SCHD Quietly Over the Last 3 Years

The Schwab US Dividend Equity ETF is a strong fund, but three others outperform it in specific areas.
Business
from24/7 Wall St.
1 week ago

Capital Southwest Offers 10.6% Income and One Very Finite Safety Net

Capital Southwest's high dividend yield requires careful evaluation of its sustainability and underlying income generation.
from24/7 Wall St.
1 month ago

Why Smart Investors Are Loading Up on This Top Vanguard ETF Right Now

The Value ETF tracks the CRSP US Large Cap Value Index, focusing on large-capitalization value stocks. It holds positions in a diversified set of companies, with recent data indicating around 312 stocks in total. Rather than the large tech stocks found propping up the portfolios of other ETFs, such as the Vanguard S&P 500 ETF or the Vanguard Total Stock Market ETF, its largest positions emphasize traditional value sectors rather than high-growth momentum.
Business intelligence
Business
from24/7 Wall St.
6 days ago

BIZD Is Generating a 9% Yield. What Could Go Wrong?

BIZD offers a 9.3% dividend yield, but concerns arise about the sustainability of income due to recent Federal Reserve rate cuts.
fromBusiness Insider
1 month ago

Money managers are hungrier than ever for obscure data to give them an edge

Hedge funds and other money managers spent $2.8 billion on alternative data in 2025, according to a new report from consultancy Neudata, a 17% jump from the year before. It's more than double what asset managers spent on alternative data in 2021, which includes a wide range of non-traditional information sources. The report projects that the total spend on alternative datasets could jump to more than $23 billion in the consultancy's bull case in 2030 and just under $8 billion in the bear case.
Data science
from24/7 Wall St.
1 week ago

This ETF Pays Dividends Monthly and Yields 7.3%

The fund blends high yield corporate bonds, senior loans, and debt tranches of U.S. collateralized loan obligations (CLOs) into a single actively managed portfolio, aiming to deliver income that beats the broad bond market while keeping volatility lower than any single segment on its own.
Business
#pennantpark-investment-corporation
Business
from24/7 Wall St.
2 weeks ago

PennantPark's Big Yield Is Burning Through a Finite Reserve

PennantPark Investment Corporation offers a high yield but faces challenges with income generation and dividend coverage due to interest rate sensitivity.
Business
from24/7 Wall St.
2 weeks ago

PennantPark's 20% Yield Is Partly Funded by a Reserve Running Out in December

PennantPark Investment Corporation's monthly dividend is partially funded by prior undistributed income, indicating a widening gap between earnings and payouts.
Business
from24/7 Wall St.
2 weeks ago

PennantPark's Big Yield Is Burning Through a Finite Reserve

PennantPark Investment Corporation offers a high yield but faces challenges with income generation and dividend coverage due to interest rate sensitivity.
Business
from24/7 Wall St.
2 weeks ago

PennantPark's 20% Yield Is Partly Funded by a Reserve Running Out in December

PennantPark Investment Corporation's monthly dividend is partially funded by prior undistributed income, indicating a widening gap between earnings and payouts.
Venture
fromBusiness Insider
1 month ago

How one firm is helping emerging hedge funds launch with hundreds of millions and virtually no staff

Lean hedge fund launches are accelerating through SMA capital, advanced technology, and outsourced operations, enabling portfolio managers to start with minimal staff.
Business
from24/7 Wall St.
1 week ago

Wall Street Pro Tells Investors to Buy Mastercard Stock

Loop Capital initiates coverage of Mastercard with a Buy rating and a $631 price target, indicating potential upside despite recent stock pullback.
Fundraising
fromLondon Business News | Londonlovesbusiness.com
2 months ago

The rise of private equity allocations and the implications for fund managers - London Business News | Londonlovesbusiness.com

Large private-market deals increasingly involve co-investments across sizes, with sovereign wealth funds and family offices boosting private equity allocations, changing execution and opportunities for managers.
Business
from24/7 Wall St.
1 week ago

Wall Street Tells Scared Investors To Buy Verizon Stock

Barclays raised Verizon's price target to $47, citing a favorable macro environment for telecom despite declining pricing trends.
Business
from24/7 Wall St.
2 weeks ago

Buy This ETF for 40% Upside Potential and a 5.7% Monthly Yield

Vanguard Long-Term Corporate Bond Index Fund ETF Shares (VCLT) has significantly declined due to rising interest rates, now offering a 5.7% annual yield.
fromLondon Business News | Londonlovesbusiness.com
2 months ago

Private equity liquidity tools: Secondaries and continuation vehicles - London Business News | Londonlovesbusiness.com

Private equity liquidity has become a more active topic as we enter 2026, reflecting investors' close attention to cash flows, distributions, and portfolio construction. One clear signal is the pace of secondaries growth as their volumes continue to increase. Volumes reached USD 226 billion in 2025, a 41% increase compared to the previous year. The market tends to rely on two main structures, depending on the type of liquidity required. LP secondaries are the simplest structure.
Fundraising
fromBusiness Insider
2 months ago

Ex-Sequoia investor Jeff Wang's new hedge fund had Morgan Stanley's Breakers conference abuzz

His new firm, Augnition Global Investors, is set to be a long-short equity investor that will also invest in private companies, a person close to the firm said. Alan Lo, a longtime partner and director of operations for New York-based SRS Investment Management, will be Wang's number two at the new fund. Those at the Breakers conference expect him to raise at least $1 billion, the two conference attendees told Business Insider.
Fundraising
Business
from24/7 Wall St.
3 weeks ago

Berkshire or Pershing Square? Here's the Firm I'm Betting On for the Next 10 Years

Berkshire Hathaway enters a new era under CEO Greg Abel with a massive cash pile, while shares appear undervalued and the company pursues stock buybacks amid leadership transition.
Venture
from24/7 Wall St.
2 months ago

Top 5 Private Equity Holding Companies: Publicly Traded PE Titans

Publicly traded private-equity firms let retail investors access buyouts, direct lending, infrastructure, and real estate with liquidity and lower minimums while charging management and performance fees.
Business
from24/7 Wall St.
4 weeks ago

One of These High Yield Funds Is Quietly Returning Your Own Money Back to You

Three income-focused funds offer different strategies: ADX uses diversified equity dividends and capital gains, while PYPY and ULTY employ covered call options that generate consistent income but cap upside potential during strong market rallies.
Business
fromBusiness Insider
1 month ago

Everything you want to know about the drama in private credit but were too afraid to ask

Private credit, a $3 trillion market where investors loan directly to businesses, faces scrutiny after major firms experienced significant redemptions and fund freezes, raising concerns about potential bubble risks.
Business
from24/7 Wall St.
1 month ago

PennantPark Floating Rate Capital Is Paying Out 171% of Earnings and That's a Problem

PennantPark's high 13.2% dividend appears unsustainable given a 171% payout ratio, falling net income, mounting unrealized losses, and rapidly increasing leverage.
from24/7 Wall St.
2 months ago

Pimco's 4.6% ETF Only Looks Good For Retirees At First Glance

PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (NYSEARCA:MINT) offers retirees a 4.6% yield by focusing on short-term bonds that mature in under three years. This short duration strategy aims to deliver steady monthly income while protecting capital from the interest rate swings that punish longer-term bonds. Since launching in 2009, MINT has built a reputation for reliable monthly income, providing the consistency retirees need.
Business
Business
fromBusiness Insider
2 months ago

Bill Ackman's hedge fund reveals big stake in Meta - 'one of the clearest beneficiaries of AI integration'

Pershing Square invested about 10% of its capital (~$2 billion) in Meta, betting Meta is a major long-term beneficiary of AI and that its capex will pay off.
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