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Goldman Sachs has hired veteran investment banker Matt Beitzel, who used to lead Citigroup's coverage of North American banks, as a partner in its financial institutions group, according to a memo seen by Reuters.

Simplify Macro Strategy ETF is an exchange-traded fund issued in May 2022 with limited historical data. The fund aims to create a lower risk, lower volatility macro portfolio allocator by incorporating tail risk structures and curve steepeners. FIG has underperformed its peers and exhibits a significant drawdown, suggesting poor risk/reward analytics.

Vice Media looks is set to be purchased by a trio of investment firms – Fortress Investment Group, Soros Fund Management, and Monroe Capital – for $350 million, according to reports from the US. As Vice's creditors, the consortium reportedly offered the most satisfactory bid following Vice's exploration of potential sales.

The Simplify Macro Strategy ETF provides investors exposure to multiple futures and other strategy funds from the Simplify manager, plus a gold ETF. The ETF expands beyond these ETFs with the use of an options strategy. All of this is discussed in detail.

By Michael Venuto Week of May 16, 2022 KPI Summary This week, the industry experienced 13 ETF launches and 1 closure, shifting the 1-year Open-to-Close ratio to 5.40 and total US ETFs to 2,945. ETF assets continue to trend down and haven't been current levels since Spring 2021.

The issuer's newest fund offers a one-stop solution for current markets that combines exposure to other ETFs with a derivatives overlay.

Simplify Asset Management today announced the launch of its newest ETF, the Simplify Macro Strategy ETF (NYSE Arca: FIG). Described in a news release as “a modern take on the balanced portfolio,” FIG is designed to be a risk-balanced portfolio of asset classes structured to pursue equity-like returns with lower volatility.