Market Bizzz

“The way we are positioned is a little bit more long-term than just playing the context, but to a large extent, we believe that there are three sub-sectors which we like a lot. Our big overweight positions are the domestic economy, hard assets like capital goods, cement, real estate and sub-sector within IT, the market infrastructure.”

Voyager was one of several crypto firms to collapse in 2022, along with Celsius Network and BlockFi, after crypto prices plummeted amid interest rates and worsening macroeconomic conditions.

“We are seeing good growth in hiring for banking, financial services, pharma, healthcare, even consumer verticals and telecom segments . We are seeing improved hiring trends compared to the last two-three years in all these sectors. In the zero to four years’ experience profile, the hiring trends in non-IT segments are very encouraging.”

Known as golden parachutes, such payments are commonplace in corporate America and are intended to incentivize management to sell a company even if it means ending their own employment.

The recent buoyancy in sentiment also owe much to comments from more Fed officials suggesting rates there may have peaked, which triggered a welcoming pullback in Treasury yields.

Fed Governor Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank “watch and see” if its own policy rate needs to rise again or not.