March 17, 2021

growth

Blackstone’s Hedge-Fund Business to Launch Growth Strategy

The world’s biggest investor in hedge funds has hired former hedge-fund manager Scott Bommer to launch a new growth strategy, a move aimed at expanding

Blackstone

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Group Inc.’s hedge-fund business with offerings intended to generate big returns for clients.

The Blackstone Horizon platform, to be run by Mr. Bommer, will thematically invest in money managers focused on fast-growing public and private companies, Blackstone said. Horizon also will invest directly in stock markets.

The main fund of hedge funds at the Blackstone business had missed out on some of the rich returns coming from growth investing in recent years

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February job growth surges above expectations as coronavirus recovery picks up steam

The U.S. economy added 379,000 jobs in February, evidence the labor market’s recovery is gaining steam nearly one year into the pandemic as coronavirus caseloads fall nationwide and many states ease restrictions on business activity.

The unemployment rate fell slightly to 6.2% — well below the April peak of 14.7% but about twice the pre-crisis level, the Labor Department said in its monthly payroll report released Friday. Economists surveyed by Refinitiv expected the report to show that unemployment

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PFL announces $65 million of financing to accelerate the firm’s growth

  • MMA firm Professional Fighters League has announced $65 million of fresh investment.
  • The funding will go toward “international expansion and top talent acquisition,” PFL MMA said.
  • The upcoming PFL season begins Friday, April 23 in Las Vegas.
  • Visit Insider’s homepage for more stories.

Professional Fighters League (PFL) has added $65 million of financing as it looks to expand international and accelerate its growth, the fight firm told Insider Thursday.

The PFL acquired the World Series of Fighting in 2017 and debuted with its inaugural season the following year.

The New York-based mixed martial arts firm follows conventional North American league

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Netherlands’ Wopke Hoekstra sees tremendous growth potential in summer

LONDON — European countries could experience a “tremendous acceleration of growth” in the summer, as vaccinations are stepped up, Dutch Finance Minister Wopke Hoekstra told CNBC.

European economies are wrestling against one of the deepest shocks in history. The coronavirus pandemic has halted much of Europe’s economic activity and the Covid-19 vaccine rollout has been bumpy. Euro zone member states contracted by almost 7% in 2020 and strict social restrictions are still in place, clouding the prospects for 2021.

The European Commission, the EU’s executive arm, turned more negative on the economic recovery, cutting its GDP forecast for the year

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Private finance emerges as crypto’s next major growth catalyst

Long gone are cryptocurrency’s days as an obscure hub for experimental ventures in cryptography. 2020 marked a seminal year for the space, with cryptocurrencies taking major strides into the mainstream as governments, supranational organizations and corporate entities alike made significant entrances into an industry they collectively call the “digital asset space.” 

As per centralized authorities’ choice, cryptography and its primary feature, privacy, have been relegated from the front-and-center role they once played as cryptocurrency’s main attractions. In their place, a breadth of ever-more enticing DeFi applications has taken the limelight on the back of enhanced liquidity, yield farming and unprecedented

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