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``` Bill Ackman has officially begun marketing the IPO of his flagship closed-end fund in the United States, despite cautious market sentiment due to geopolitical tensions. According to deal terms seen by Bloomberg, Pershing Square USA’s IPO is expected to be priced on April 28, with a potential fundraising scale

AI disruptions are pushing the private credit industry to the brink of a systemic crisis. Concentrated software exposure, surging redemption waves, and inflated valuations together form a wall of risks that could collapse at any moment—its fall would affect banks, insurance companies, and the entire public credit market. The

``` Author | Chai Xuchen Editor | Zhou Zhiyu In the past few years, the industry debated who could achieve NOA, who could accomplish end-to-end, whose urban pilot is most like human driving. In the next few years, the critical question may become: Who can make users never want to live without it?

``` Europe's largest pension investment institution, APG, plans to increase its allocation to private market assets from the current 26% to just over 30%, and sees the current turbulence in credit markets as a potential buying opportunity. According to Reuters, the plan was disclosed by Patrick Kanters, Chief Investment

``` As algorithmic models for quantitative investing become increasingly sophisticated, the underlying organizational structures may still conceal rough, “primitive code.” Recently, a regulatory penalty unexpectedly tore open a corner of the “compliance cloak” covering the quantitative private equity industry. This is not an isolated incident, but reveals a truth masked by

Volkswagen Group’s global deliveries declined in the first quarter of 2025, with several core markets under pressure; growth in Western Europe and South America could only partly offset the overall drag. On Monday, Volkswagen announced that its global deliveries fell 4% to 2.05 million vehicles in the first

``` OpenAI acknowledges the limitations of its long-term partnership with Microsoft and regards Amazon Web Services as a key channel for breaking into the enterprise market. According to a memorandum obtained by CNBC, OpenAI's Chief Revenue Officer Denise Dresser sent an internal message to all employees last Sunday, specifically