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Stock impact report

Index Fund for Private Firms Makes it Easier to Bet on Unicorns [Yahoo! Finance]

Forge Global Holdings, Inc. (FRGE) 
Company Research Source: Yahoo! Finance
(Bloomberg) -- Qualified investors looking to tap the growth of privately-held companies now have a way to simplify the dilemma of which unicorns to back. There's an index fund for that. Most Read from Bloomberg A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Trump Media's Business Doesn't Matter Trump Got His $175 Million Bond From a Billionaire Fan's Company Iran Vows to Punish Israel for Strike on Embassy in Syria Tesla Disappoints Analysts by Most Ever in Brutal Blow for EVs Forge Global Holdings Inc. partnered with Boston-based asset manager Accuidity LLC to launch on Tuesday the first fund based on an index that tracks the performance of 60 of the most liquid late-stage, venture-backed private companies including SpaceX, Cerebras Systems Inc. and Databricks Inc., according to the San Francisco-headquartered infrastructure and data provider. The Forge Accuidity Private Market Index Fund, announced in December, lets accredited investors spread Show less Read more
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