The hedge fund industry ended last year with assets under management at a 9.75% increase from the previous year and total assets increased by $401.4 billion, the highest amount since 2021.
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PHOTO: DLLU
Hedge fund industry reached
$4.5 trillion in 2024
The hedge fund industry ended last year with assets under management at a 9.75% increase from the previous year and total assets increased by $401.4 billion, the highest amount since 2021. Read here
Francisco Partners raises $3.3B for third tech fund
The California-based investment firm has held the final close of its FP Credit Partners III credit fund, which surpassed its initial $2.3 billion target as well as its predecessor fund, which closed at $2.2 billion.Read here
PHOTO: FRANCISCO PARTNERS
Diversified Energy to buy Maverick in $1.3B deal
The Alabama-based natural gas and oil producer has confirmed that it will buy the private equity-owned energy company to expand into the oil and gas-rich Permian Basin in West Texas and New Mexico.Read here
PHOTO: DIVERSIFIED ENERGY
NEWS WORTH NOTING
Perplexity AI proposes to merge with US TikTok
The California-headquartered AI search and question-answering platform has revised the merger proposal submitted to the video-sharing app’s Chinese parent ByteDance to create a combined entity.Read here
Technology shares slide as China’s DeepSeek soars
The surge in popularity of the Chinese discount artificial intelligence start-up shook investors' faith in the AI sector's voracious demand for high-tech chips. Read here
SGS ends $30B merger talks with Bureau Veritas
The Swiss testing and inspection group has ended talks over its potential combination with its French rival after the two sides failed to reach an agreement. Read here
International Paper gets EU nod for $7.2B DS Smith buy
The global paper and packaging leader has secured clearance from the European Union for its acquisition of its British rival with a pledge to sell assets. Read here
Brookfield closes two Japan real estate deals for $1.6B
The Canadian investment firm has completed investments comprising a stake in Tokyo's landmark Gajoen complex and a plot on the outskirts of Nagoya.Read here
