Edelweiss Mutual Fund introduces Altiva Hybrid Long-Short Fund. The NFO opens on October 1 and closes on October 15. This fund aims for consistent returns via equity arbitrage and fixed income. It also explores special situations like IPOs and buybacks. Radhika Gupta highlights its innovative approach. The fund offers daily subscriptions and redemptions twice a week.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.