Latest news with #Citadel
New York Times
3 days ago
- Business
- New York Times
Investors See Few Alternatives to U.S. Treasuries. Could Europe Make One?
For decades, U.S. Treasuries have been at the pinnacle of the global financial system, with investors, governments and central banks steadily acquiring the dollar-denominated debt with the expectation that the U.S. government will never default. Now the chaotic rollout of President Trump's economic policies and threat to the Federal Reserve's independence have provoked questions about the stability of American assets. But investors who want to shift out of Treasuries and dollars face a wasteland of viable alternatives. Even with the recent uptick in uncertainty caused by Mr. Trump's policies, few countries have anywhere near the economic, political and legal stability of the United States. The European Union, which as a bloc comes close to America in size and wealth, has a fragmented financial market, with each of its 27 countries selling bonds separately. Enter 'Eurobonds,' a new type of European financial asset proposed by Olivier Blanchard, a former chief economist at the International Monetary Fund who is now a professor at the Massachusetts Institute of Technology, and Ángel Ubide, the head of economic research for global fixed income and macro at Citadel. The prospect of debt issued by the European Union has been floated in some form for more than a decade, but faced heavy resistance, particularly from countries with strict limits of debt, like Germany. Some of the hurdles were overcome in 2020 when the bloc announced a plan to issue up to 750 billion euros in joint debt to help fund the recovery from the Covid pandemic. But that was a short-term plan. Mr. Blanchard and Mr. Ubide's proposal is to regularly issue debt, building a liquid pool of assets, and strengthen Europe's financial infrastructure. And it's gaining traction: The chief economist of the European Central Bank recently discussed its merits. Want all of The Times? Subscribe.
News18
4 days ago
- Entertainment
- News18
Samantha Ruth Prabhu Looks Simple Yet Elegant As She Arrives In Mumbai
Samantha Ruth Prabhu has been making rare public appearances after being diagnosed with an autoimmune condition called Myositis. Samantha Ruth Prabhu turned heads as she stepped out of Mumbai airport on Saturday afternoon. The actress was seen exuding elegance in a vibrant yellow suit perfectly complemented by a matching bag. Her stylish ensemble was completed with sleek black goggles, adding a touch of sophistication to her overall look. Despite the paparazzi's snapping, Samantha maintained her poise, showcasing her effortless style. It should be noted that Samantha has been making rare public appearances after being diagnosed with an autoimmune condition called Myositis. Therefore, the reason for her Mumbai visit is not known as of now. View this post on Instagram A post shared by Viral Bhayani (@viralbhayani) On the personal front, Samantha Ruth Prabhu is currently rumoured to be dating filmmaker Raj Nidimoru. While the two have neither confirmed nor denied their relationship, netizens believe that they have been dating for quite some time now. It should be noted that the two also worked together on the series, The Family Man and Citadel: Honey Bunny. Recently, Samantha and Raj also visited the Tirupati Balaji Temple, which further made everyone believe that they are romantically involved with each other. Samantha Ruth Prabhu was previously married to Naga Chaitanya and parted ways with the actor in 2021. On the other hand, Raj was married to a woman named Shhyamali De and also has a daughter with her. On the work front, Samantha was last seen in Citadel Honey Bunny. The show also starred Varun Dhawan in the lead. While Citadel was loved by all, it was recently reported that it will not be renewed for a second season. The second season of the Indian spin-off of Priyanka Chopra and Richard Madden's show has been cancelled. First Published: July 26, 2025, 13:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
4 days ago
- Business
- Yahoo
Hedge Funds Scooped Up Spot Bitcoin ETFs in Q1, Filings Show
Hedge funds Citadel LLC and Point72 Asset Management scooped up shares of spot Bitcoin ETFs during the first quarter as cryptocurrency prices surged, recent filings show. Citadel, founded by CEO Ken Griffin, bought a mix of shares and put and call options in spot Bitcoin exchange-traded funds, including the largest, the $88 billion iShares Bitcoin Trust (IBIT), according to 13-F filings. It also owned smaller Bitcoin funds such as the Bitwise Bitcoin ETF (BITB), the ARK 21Shares Bitcoin ETF (ARKB) and the Fidelity Wise Origin Bitcoin Fund (FBTC) among a range of international and domestic equity ETFs during the first quarter. Overall, its IBIT holdings rose by 2.1 million shares from what was reported in its fourth-quarter 13-F. The purchases and sales of shares and options are included in the hedge funds' latest 13-F filings, which summarize first-quarter investments. They don't provide dates or details of the purchases. Point72 and IBIT Point72, founded by New York Mets owner Steven Cohen, boosted its IBIT holdings during the first quarter by 1.4 million shares, or about $47.2 million. The hedge fund manages $37.7 billion, according to its website. Bitcoin recently charged to an all-time high of just over $123,000, more than doubling over the last year and jumping 27% so far in 2025. It has since settled back to around $116,000. One-Year IBIT Flows Source: & FactSet Data So far this year, amid a push by the Trump administration to treat cryptocurrencies as mainstream assets, investors have poured $19.4 billion into spot Bitcoin ETFs. Since the funds began trading in January 2024, investors have poured in $54.6 billion, according to Farside Investors in the U.K., and price gains have pushed fund values even higher. Citadel, which manages $54 billion according to the Financial Times citing data from LCH Investments, also bought the Franklin Bitcoin ETF (EZBC), the Invesco Galaxy Bitcoin ETF (BTCO) and others. It sold off its stakes in the Grayscale Bitcoin Trust ETF (GBTC) and the Grayscale Bitcoin Mini Trust ETF (BTC). Citadel slashed a nearly $1 billion holding in SPDR S&P ETF Trust (SPY) late last year to $13.6 million, while Cohen's Point72 raised its SPY holdings to $26.9 million during the first quarter from $3.5 | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
4 days ago
- Business
- Bloomberg
Citadel's Ubide Says ‘Now or Never' for EU Rival to Treasuries
Europe needs to increase joint-bond sales to create a regional safe asset that can rival US Treasuries, according to a top economist at Citadel. It's 'now or never,' if the European Union wants to compete with China and the US for global influence, Angel Ubide, Citadel's head of economic research for fixed income and macro, told Bloomberg Radio.
Bloomberg
4 days ago
- Business
- Bloomberg
Citadel's Ubide Says ‘Now or Never' for Eurobonds
A proportion of European government bonds should be converted to joint 'Eurobonds' in order to deepen the European bond market and make it more attractive to investors, according to Citadel's Head of Economics Research, Angel Ubide. Increases in defense spending and doubts over US economic stability mean the time is now for creating a new European financial instrument, Ubide told Bloomberg Radio in a conversation with Caroline Hepker and Lizzy Burden. He argues that a deeper European bond market would serve both to unify the continent in the face of threats from Russia and weaker support from the US, and meet heightened demand for European investment. (Source: Bloomberg)
