Sonali Basak

New York

Global Finance Correspondent and Anchor, Open Interest and Real Yield at Bloomberg Television

Global finance correspondent @BloombergTV + anchor for Open Interest 9-11 am daily New York time, & writing like mad @business. @NYUStern MBA. Views are my own.

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Articles

AQR’s Cliff Asness Hails Return of ‘Basic Rational Investing’

3 days ago | news.bloombergtax.com | Sonali Basak |Justina Lee

Years of speculative excess are giving way to healthier markets where fundamentals now matter, boosting quant stock-picking strategies across the board, according to AQR Capital Management’s Cliff Asness. While tariff-induced volatility has whipsawed the S&P 500 Index and hedge funds alike, it’s been a boon for quant approaches that go long and short across hundreds of stocks. Among the winners, the AQR Equity Market Neutral Fund has returned roughly 15% this year, data compiled by Bloomberg show.
AQR’s Cliff Asness Hails Return of ‘Basic Rational Investing’

3 days ago | bloomberg.com | Sonali Basak |Justina Lee

Cliff Asness, chief investment officer of AQR Capital Management LLC, during the Bloomberg Invest event in New York, US, on Tuesday, June 25, 2024. The conference invites leaders in asset management, banking, wealth, and private markets to track, dissect, and predict the future's greatest changes, risks and opportunities.
AQR’s Cliff Asness Hails Return of ‘Basic Rational Investing’

3 days ago | news.bloomberglaw.com | Sonali Basak |Justina Lee

Years of speculative excess are giving way to healthier markets where fundamentals now matter, boosting quant stock-picking strategies across the board, according to AQR Capital Management’s Cliff Asness. While tariff-induced volatility has whipsawed the S&P 500 Index and hedge funds alike, it’s been a boon for quant approaches that go long and short across hundreds of stocks. Among the winners, the AQR Equity Market Neutral Fund has returned roughly 15% this year, data compiled by Bloomberg show.
Acrisure Buys Payroll Unit From Global Payments for $1.1 Billion

1 week ago | bloomberg.com | Sonali Basak

Acrisure LLC has agreed to buy Heartland Payroll Solutions from Global Payments Inc. for $1.1 billion, as the insurance broker looks to become more of a one-stop shop for fintech services. Michigan-based Acrisure will finance the deal with cash, having just raised fresh capital to help it with strategic acquisitions, according to Chief Executive Officer Greg Williams .
Sixth Street’s Easterly Sees ‘Complacency’ in Private Credit (2)

2 weeks ago | news.bloomberglaw.com | Eliza Ronalds-Hannon |Sonali Basak |Matthew Miller

Sixth Street Partners Co-Chief Investment Officer Josh Easterly warned shifting fundamentals within credit markets present a risk that many investors and money managers are overlooking. “Private credit markets are relatively complacent,” Easterly said in a Bloomberg Television interview Tuesday, attributing the problem to a mismatch between capital pouring into the sector and valuable opportunities to deploy it. “Spreads aren’t moving as much as they should,” he said.
Sixth Street’s Easterly Sees ‘Complacency’ in Private Credit

2 weeks ago | bloomberg.com | Eliza Ronalds-Hannon |Sonali Basak |Matthew Miller

Josh Easterly (Bloomberg) -- Sixth Street Partners Co-Chief Investment Officer Josh Easterly warned shifting fundamentals within credit markets present a risk that many investors and money managers are overlooking. “Private credit markets are relatively complacent,” Easterly said in a Bloomberg Television interview Tuesday, attributing the problem to a mismatch between capital pouring into the sector and valuable opportunities to deploy it. “Spreads aren’t moving as much as they should,” he said.
Coinbase Looks to Make More Acquisitions After Deribit Purchase

3 weeks ago | news.bloomberglaw.com | Sonali Basak |Olga Kharif

Coinbase Global Inc. Chief Executive Officer Brian Armstrong said the largest US crypto exchange continues to look at mergers and acquisitions, following its $2.9 billion agreement to buy the derivatives exchange Deribit earlier this month. “We are always looking at M&A opportunities,” Armstrong said on Bloomberg Television Wednesday. “We have a large balance sheet that can be put to use. Part of the benefit of being a public company is, you have a liquid currency to do that.
Coinbase’s Armstrong Looks to Make More Acquisitions After Deribit Purchase

3 weeks ago | bloomberg.com | Sonali Basak |Olga Kharif

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, US, on Thursday, Sept. 21, 2023. The event's programming covers a convergence of diverse themes shaping the crypto landscape, from AI integration to real-world finance and decentralized governance. Photographer: Michael Nagle/Bloomberg(Bloomberg) -- Coinbase Global Inc.
Griffin, de Citadel, dice que efectivo habría sido la mejor opción ante guerra comercial con China

3 weeks ago | bloomberg.com | Sonali Basak |Dasha Afanasieva

Mientras los mercados se disparaban tras la tregua en la guerra comercial entre EE.UU. y China, el fundador de Citadel, Ken Griffin, reflexionaba sobre el último mes y sugería que habría sido mejor mantenerse al margen con el dinero en efectivo.
Griffin Says Going to Cash May Have Been Best in Tariff Turmoil

3 weeks ago | news.bloombergtax.com | Sonali Basak |Dasha Afanasieva

As markets soared on a truce in the trade war between the US and China, Citadel founder Ken Griffin reflected on the past month, suggesting it would have been better to sit on the sidelines in cash. “It’s been a really difficult time for fundamental investors because so much of the value of the companies that we invest in is being dictated by very quickly changing policies from Washington,” Griffin, 56, said in an interview late Monday for an upcoming series for Bloomberg Originals, Bullish.