Finance Blogs and Articles
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Finance Pulse
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Ancient Financial, a newly formed life‑and‑annuity reinsurance and asset‑management platform, has signed a definitive agreement to acquire Bermuda‑based reinsurer F&G Re, which will be rebranded as Ancient Re upon closing. The acquisition is underpinned by substantial equity from its parent company, a consortium of single‑family offices and blue‑chip institutional investors, while the new entity will operate independently of any existing insurer or asset manager. Leadership will be provided by industry veteran Erich Schram, former head of Blackstone’s insurance portfolios, with Alexander Klabin serving as chairman. A forward‑flow reinsurance agreement with F&G will secure ongoing business for the newly formed Ancient Re.
Bloomberg unveiled ASKB, a conversational AI interface now in beta on the Bloomberg Terminal, aiming to accelerate investment research. The agentic system taps Bloomberg’s massive data, news, and research libraries, delivering answers with transparent source attribution and even the underlying...
The Council of Institutional Investors (CII) submitted a comment letter backing Nasdaq’s proposed rule that adds initial listing criteria for Chinese micro‑cap companies, including a $25 million minimum proceeds requirement. CII applauds the effort to curb abnormal trading in the smallest...
The Council of Institutional Investors (CII) submitted a comment letter supporting Nasdaq’s proposed rule that adds an initial listing requirement of at least $25 million in proceeds for companies primarily operating in China. While endorsing the rule’s aim to curb abnormal...
The SEC enforces the broad antifraud provisions of the federal securities laws as powerful tools, often proceeding without showing that investors relied on deceptive statements. Historically, the Commission has treated reliance as irrelevant, a stance rooted in a 1949 dicta...
Jim DeLoach’s article revisits 14 timeless risk‑oversight principles, urging leaders to refresh them with today’s digital capabilities. He stresses that avoiding risk is itself a risk, and that AI, machine learning, and real‑time data can dramatically improve early‑warning systems. The...
The SEC’s Division of Trading and Markets issued guidance allowing broker‑dealers to apply a 2% haircut to proprietary holdings of payment stablecoins when calculating net capital. Previously many firms used a 100% haircut, effectively excluding stablecoins from regulatory capital. By...
A recent Cleary memo highlights a surge in convertible‑note issuances driven by the AI boom, with private‑placement (PIPE) and pre‑IPO converts adopting highly customized terms. Features now include governance and consent rights, guarantees, financial covenants, prepayment provisions, anti‑dilution ratchets, equity...
The InsideArbitrage Event Driven Monitor reports several key regulatory and corporate developments on February 23, 2026. Paramount Pictures cleared the 10‑day HSR waiting period and secured German approval for its bid to acquire Warner Bros. Discovery, while the FTC terminated...
In this episode, M&A expert Sebastian H. Amieva explains how he acquired four businesses without using his own cash by leveraging seller financing, senior debt, and equity partners. He emphasizes the importance of early preparation—defining clear acquisition criteria, cultivating lender...
The episode breaks down how ecommerce businesses can accurately calculate AI ROI by defining a clear formula, accounting for both direct financial gains and indirect benefits such as risk mitigation, operational efficiencies, and data‑related costs. It highlights why AI ROI...
The episode breaks down Avenger Flight Group LLC’s recent Chapter 11 filing, detailing its rapid expansion into a global network of flight simulators and the massive debt that financed that growth, including a $155 million term loan and various secured leases....
The episode examines Vanderbilt Minerals, LLC’s recent Chapter 11 sale filing, tracing its roots back to the 1916-founded R.T. Vanderbilt Company and its evolution from paper clay mining to industrial talc production. It highlights the long‑standing regulatory challenges with OSHA...
The episode examines the rising trend of private litigation as a tool to hold audit firms accountable, sparked by concerns over potential SEC Chairman Paul Atkins' moves to weaken the PCAOB. Host Francine McKenna references her Substack post and discusses...
Larch Capital Partners, a Miami‑based advisory firm, reported $645.3 million in discretionary assets under management for the period ending December 31 2025, serving 323 clients. Its most recent 13F filing showed $729.1 million in managed securities, with a striking 93.6% concentration in the top...
The episode examines recent trends in foreign direct investment (FDI) to emerging markets, noting that high‑frequency data shows a steady $10 billion per week inflow, while UNCTAD’s lagging figures report a 2% decline to $875 billion last year. It explores how short‑term...
The SPAC IPO Terms Tracker for the week ending February 20, 2026 shows a modest rebound in special‑purpose acquisition company listings, with 12 new SPACs raising approximately $1.8 billion in aggregate. Median IPO size slipped to $150 million, down from $165 million the...
Michael Hudson argues that the shift from industrial capitalism to finance‑driven rentier capitalism has turned economic growth into rent extraction, eroding productivity and widening inequality. He traces the historical battle against landlord rents in 19th‑century Britain to today’s debt‑financed housing,...
The article walks readers through building a construction draw schedule that respects a typical capital stack of equity first, then debt, and finally an interest reserve. It highlights the iterative challenge of calculating the interest reserve when debt disbursements depend...
The University of Chicago announced plans to sell its Center for Research in Security Prices (CRSP) for about $400 million, a modest price compared with its $11 billion endowment. The move reflects a broader financial strain: operating deficits have grown tenfold since...
In this episode, host Bainbridge critiques SEC Rule 14a-8, arguing it should be repealed or substantially reformed due to high costs, procedural flaws, and misuse, while proposing higher ownership thresholds and stricter materiality standards as alternatives. He then evaluates Joseph...
Airbus recorded a $500 million impairment on its A220 program as the aircraft’s production ramp slowed and order growth lagged expectations. The write‑down reflects weaker cash‑flow projections and higher unit costs, casting doubt on the A220’s earnings contribution. CEO Guillaume Faury remains...
United Airlines and American Airlines have each pledged $100 million to recapitalize Brazil’s Azul as it emerges from Chapter 11, while existing creditors will contribute an additional $100 million. United’s cash will flow through a public equity offering and American will use warrant...
American Coastal Insurance Corp. posted a Q4 2025 net income of $26.6 million, a 437% jump from the same quarter a year earlier. The surge stemmed from dramatically lower losses and loss‑adjustment expenses after a hurricane‑free period, eliminating a $0.9 million loss from...
Pershing Square Holdings (PSH) trades about a 25 % discount to NAV, reflecting its closed‑end, London‑listed structure and a portfolio of public equities that investors can replicate. The lack of daily redemption limits arbitrage, while a 1.5 % management fee and 16 %...
Recent academic research sharpens the tools investors use to forecast long‑term returns and market risk. Rui Ma et al. show that a market‑cap‑weighted Component CAPE ratio aligns prices and earnings, delivering out‑of‑sample R² above 50 %. Javier Estrada confirms that valuation multiples...
London‑listed Contango Holdings announced a £5 million share subscription, funded by Pacific Goal Investments and Huo Investments, to recapitalise the business and erase existing shareholder loans. The deal, priced at a 39 percent premium to the February 12, 2026 mid‑market close, will...
EY’s latest Private Equity Pulse shows sponsors are increasingly confident about 2026 exits after a resurgence in 2025. Trade sales rebounded sharply, driven by pent‑up strategic demand and stronger board‑level conviction. In total, U.S. firms recorded $481 billion of sales to...
FERI’s Ferrum Fund Future Stars (FFFS) is a liquid, open‑ended vehicle that seeds emerging hedge‑fund managers with less than $100 million AUM through revenue‑share agreements, capturing a portion of management and performance fees. Since its 2020 launch, the fund has met...
Host Hotels & Resorts (HST) announced the sale of its Four Seasons Resort Orlando and Four Seasons Jackson Hole for a combined $1.1 billion, translating to roughly $1.9 million per room key. The deal provides a fresh multiple benchmark for luxury hotel...
Rank One Computing (ROC) upsized its IPO to 4 million shares and priced the offering at the top of its range, $6 per share, raising roughly $24 million and valuing the company at about $114 million. The Nasdaq debut saw the stock open...
Microsoft Dynamics 365 Business Central highlighted four recent blog topics: keyboard access keys that speed navigation, the upcoming retirement of Basic Authentication for SMTP in Exchange Online, streamlined accounts‑payable processes, and stricter posting‑date discipline for month‑end closes. The access‑key feature...
A joint Internal Audit Foundation and AuditBoard survey of 373 senior audit leaders shows that while AI‑enabled fraud is widely recognized as a growing risk, only four in ten auditors feel their functions are prepared to detect or respond to...
Internal audit has evolved from a compliance watchdog to a strategic partner driving organizational transformation. Auditors now embed in steering committees, use real‑time risk mapping, and apply AI‑powered tools to ensure changes align with long‑term goals. Modern audit platforms automate...
The episode reviews Thomas Ittelson’s book *Financial Statements: A Step‑By‑Step Guide to Understanding and Creating Financial Reports*, highlighting its transaction‑driven approach that walks listeners through the three primary financial statements via the fictional AppleSeed Enterprises. It underscores how the book...
In this episode the hosts walk through a discounted cash flow (DCF) valuation of Tesla, Inc., outlining their assumptions—a 10% discount rate, 3% terminal growth, and projected free cash flows rising from $6.5 B in 2025 to $10.5 B in 2029. The...
The fourth quarter of 2025 saw 98 earnings triple plays across roughly 1,100 U.S. listed companies, a drop of 110 from the previous reporting period’s 208. A triple play occurs when a firm beats both earnings‑per‑share and revenue forecasts while...
The guide breaks down how recent graduates can land a coveted M&A analyst role, outlining core responsibilities such as valuations, research, and memorandum preparation. It details the educational background most banks prefer, from finance and economics to engineering, and recommends...
NewHold Investment Corp. IV (NHIVU) has filed a Form S‑1 to raise $175 million through an initial public offering, positioning itself as the latest special purpose acquisition company targeting a merger within the technology sector. The filing, submitted on Feb 19 2026, lists...
Recent data show institutional investors have poured a record $158 billion into U.S. equities during the last quarter, even as inflation remains above target and the Federal Reserve signals further rate hikes. The article argues that when the so‑called “smart money”...
When a startup secures venture capital, its liability profile shifts dramatically as cash, fiduciary duties, and litigation exposure rise overnight. Without directors and officers (D&O) coverage, founders and executives can face personal financial loss from employment, equity, or disclosure disputes....
Mergers and acquisitions in 2026 are being reshaped by several converging forces. Artificial intelligence is streamlining due‑diligence, while ESG considerations are increasingly factored into valuations and integration plans. Cross‑border activity is surging, especially in Asia‑Pacific, and private‑equity firms are expanding...
After a quiet spell, SPAC activity is reviving, and the sports sector is emerging as a prime hunting ground. The article highlights three private companies—Stats Perform Group, Veo Technologies, and Global Sports Group—as the most compelling SPAC targets. Each offers...
The episode dissects Yelp’s deteriorating business model, highlighting a sharp slowdown in revenue growth and a recent year‑over‑year decline driven by weaker ad clicks and economic uncertainty. It argues that a toxic sales culture, high‑pressure outbound tactics, and a disgruntled...
SEC Chair Paul Atkins used a Texas A&M law symposium to unveil a second wave of securities‑litigation and disclosure reforms. He urged Texas to consider "loser‑pays" fee‑shifting bylaws and to permit mandatory arbitration provisions for corporations incorporated under state law....
Nordea’s Active Rates Opportunities Fund has broken the €1 billion AUM threshold, underscoring strong investor appetite for low‑risk, active‑duration fixed‑income solutions. Since its 2019 launch, the fund has delivered more than 2 % per annum in net returns above cash, even as...
The article argues that quantitative easing and expansive fiscal policies have propelled equities while leaving long‑duration bonds lagging, with gold emerging as the top performer since 2022. Chart data shows the S&P 500 up over 700% since 2010, whereas TLT...
Blackstone announced the acquisition of Champions Group, a leading home‑services provider, while Odyssey and its management retain a minority stake. Simultaneously, the firm is leading a financing round of more than $1 billion for Neysa to build India’s premier AI‑infrastructure platform....
Brookfield Asset Management has emerged as the top‑performing alternative firm in 2026, outpacing peers as AI and private‑credit turbulence reshape the industry. Its portfolio is anchored in global infrastructure, renewable power, and essential services that generate contracted, inflation‑linked cash flows....
McKinsey’s latest survey shows generative AI is reshaping M&A, delivering roughly 20% cost savings and accelerating deal cycles by 30‑50%. While 42% of respondents believe AI can transform the transaction process, only 30% are using it at moderate to high...
