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Nuveen Taps Australians for Expanding US Private Credit Market

(Bloomberg) -- Nuveen LLC, the $1.3 trillion US global asset manager, is targeting wealthy Australian investors to tap into expected growth in the US private credit market via a new fund.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe firm has launched its Nuveen Churchill Private Credit Income Fund, aimed at Australian private wealth, high net worth individuals and family offices, according t

Generative AI Backed Cybersecurity Stocks Cloudflare, Okta Have Near-Term Upside: Analyst

Morgan Stanley analyst Keith Weiss noted that cybersecurity remains a top spending priority for organizations globally. Weiss noted longer-term tailwinds are intact as recent technological advancements (GenAI, Public Cloud) expand the attack surface area, creating new product opportunities for securing AI and leveraging AI to automate security operations. In the near term, the analyst flagged risks investors might not fully appreciate heading into 2025. Also Read: This Analyst Downgrades Upstart

MicroStrategy's Imminent Inclusion In Nasdaq 100 Could Reportedly Spark Up To $2B In Fund Inflows

In a significant move, MicroStrategy Inc. (NASDAQ:MSTR) looks set to join the Nasdaq 100 index, prompting a major reconstitution of the index. This change, based on market cap rankings as of Nov. 29, will take effect after Dec. 20. What Happened: According to a report by Seeking Alpha, the inclusion of MicroStrategy, with its $94 billion market cap, will impact passive funds tracking the index, such as the Invesco QQQ Trust (NYSE:QQQ) and the Invesco Nasdaq 100 (NYSE:QQQM). Don't Miss: This Jeff