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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Bitcoin traded near the $79,000 mark as focus shifts to next week’s inflation data. Experts believe a softer CPI could bring rate-cut expectations back into focus, while a higher-than-expected reading would support the higher-for-longer view and keep pressure on crypto valuation. The cryptocurrency was trading at $79,644 mark.

In the past 24 hours, Bitcoin was down 1.8% and Ethereum was down 2.3% to trade at $2,452 mark. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano were down 5.4% whereas Tron was up 0.9%. The global crypto market capitalisation edged down 1.4% to $2.77 trillion, according to Coingecko.

Also Read | Explained: Looking to start a mutual fund SIP? Know the different types and which one suits youRiya Sehgal, Research Analyst, Delta Exchange said Crypto markets headed into the weekend after a sharp reversal highlighted the market’s sensitivity to U.S. monetary policy. Bitcoin moved above $82,000 as expectations of a September rate hike eased and institutional demand returned. Ethereum reclaimed $2,500. The move reversed after Friday’s U.S. jobs data.

Sehgal further said that the rally remains intact, but the next move will depend on macro data. Bitcoin needs to hold the $78,500–$79,000 zone after its rejection near $82,000. Ethereum faces support around $2,440, while $2,500 remains a key level for a recovery.

In the past week, Bitcoin and Ethereum were up 2.5% and 0.4% respectively. Among the major altcoins, BNB, XRP, Hyperliquid, and Cardano rallied up to 4.9% whereas Solana, Tron, Dogecoin corrected upto 2.4%.
Global macro conditions remained mixed but broadly supportive for crypto during the week, said Nischal Shetty, Founder, WazirX. He further said that institutional crypto demand strengthened this week, with ETF products attracting approximately $510 million across four sessions as of September 4.“Strong inflows on August 31 and September 3 offset the $194.38 million withdrawal on September 1. Bitcoin and Ethereum ETFs were still net negative by September 2, at $135 million and $37 million, respectively.”

Also Read | Vikas Khemani’s Carnelian Asset Management files draft document with Sebi for its first fund

He also said that Bitcoin’s move above $81,000 and Ether’s recovery above $2,500 showed improving spot demand and macro liquidity.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

This article was written by

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Edelweiss Mutual Fund is set to launch its third strategy under the Altiva Specialised Investment Fund (SIF) umbrella, with the Altiva Equity Long Short Fund opening for subscription on September 10.

This long-short strategy seeks to address a key challenge for investors: generating consistent alpha from large-cap equities through income oriented derivatives without relying solely on stock-picking.

Also Read | Altiva Equity Long Short Fund to launch on September 10; Radhika Gupta explains its large-cap alpha strategy

According to Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, the strategy is designed to deliver consistent large-cap alpha through income-oriented derivatives strategies, rather than depending entirely on individual stock selection. The fund will combine large-cap equity exposure with a derivatives overlay to seek additional income and enhance returns.

She posted on social media platform X that, “Altiva’s next fund (Equity Long Short) in 4 slides. The solution: consistent large cap alpha through income oriented derivatives (not stock picking).”

The portfolio positioning of the fund indicates that it aims to combine beta, stock alpha, and derivative income alpha to deliver alpha at comparable risk. Large-cap equities typically form the core of investor portfolios because of their relative stability and resilience.
The strategy is expected to behave differently across market conditions. Over the multiple cycles, the strategy aims to generate alpha over the benchmark and other large cap strategies.According to Gupta, it is designed to perform relatively well during flat or bearish markets, while investors should be prepared for the possibility of it trailing the broader market during exceptionally strong rallies. For instance, in a month when the market rises sharply by around 10%, the strategy may not capture the entire upside.

The fund house said that in the bull market phase, the fund is expected to be inline with the market over rising market phases and may miss some upside during sharp market rallies. In the bear market phase, the fund aims to outperform the market during extended bear market periods and it can experience slightly lower drawdowns vs the benchmark during sharp market falls. The fund aims to outperform in flat market conditions.

The trade-off is intended to be more consistent performance across market cycles, with the fund targeting alpha over the Nifty 100 while seeking volatility comparable to other large-cap-oriented strategies. The strategy also aims to limit drawdowns during sharp market corrections.

Altiva’s three-solution ladder

The Altiva SIF platform is being positioned around three different investor requirements and these three strategies are designed to address income generation, large-cap alpha, and focused exposure to mid- and small-cap stocks.

The new Altiva Equity Long Short Fund sits in the second category, targeting investors looking for large-cap exposure with a more consistent alpha-generation approach. The other strategies are aimed at investors seeking income generation and focused mid- and small-cap opportunities.

Gupta has previously emphasised that investors should look at SIFs as solutions to specific portfolio requirements rather than simply adding another product to their portfolios.

Also Read | Explained: Looking to start a mutual fund SIP? Know the different types and which one suits you

Altiva Equity Long Short Fund

Altiva Equity Long Short Fund will be an open ended equity investment strategy investing in listed equity and equity related instruments including limited short exposure in equity through derivatives instruments.

The fund will open for subscription on September 10 and will close on September 24. The fund will be managed by Bharat Lahoti, Bhavesh Jain and Amit Vora.

The fund will aim to generate alpha over Nifty 100 across cycles, with volatility comparable to other large cap oriented strategies. From this fund, investors can expect relatively consistent outperformance than traditional large cap strategies and lower drawdowns in sharp corrections; may miss some upside during sharp market rallies, according to the fund presentation.

The minimum investment amount will be Rs 10 lakh. Existing Altiva SIF investors who have met the minimum threshold may invest Rs 1,000 and in multiples of Re 1 thereafter. Minimum investment in SIP, STP, SWP (subject to min investment of Rs 10 lakh) will be Rs 1,000 and in multiples of Re 1 thereafter.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

If you have any mutual fund queries, message ET Mutual Funds on Facebook/Twitter. We will get them answered by our panel of experts. Do share your questions at ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.

WWE has released 10 wrestlers from its developmental NXT brand, according to multiple reports Friday, marking the second large wave of roster cuts the company has made in 2026 and pushing the total number of performers released this year to more than 50.

According to PWInsider, which first reported the cuts at 2:36 p.m. ET Friday, this round of releases was limited specifically to NXT talent, with no departures reported from WWE’s main roster brands, Raw and SmackDown, at the time the cuts were announced.

Among the names confirmed as part of Friday’s releases is Jasper Troy, a 6-foot-5, 340-pound competitor whose exit came as a notable surprise given his imposing size and prior success within the company, including a run as WWE Speed Champion. PJ Vasa, a former rugby player who debuted for WWE’s Evolve brand last November, appeared to confirm her own departure by publicly thanking WWE for the opportunity to work with the company, with PWInsider subsequently reporting that Vasa would become a free agent following the standard 30-day waiting period applied to released NXT talent.

Other confirmed names among Friday’s cuts include referee Gary Wilson, who had been signed with WWE since 2022 and worked matches on both NXT and SmackDown; Ellen Akesson; Marcus Brown; Anya Rune, a wrestler who has won championships across six different promotions and had appeared on Evolve earlier this year, including in a Women’s Title Qualifying Fatal Four Way match; Braxton Cole, who competed on Season 3 of the WWE reality competition series “LFG” and had also made appearances on Evolve and at numerous NXT live events; Wendy Choo; and Adriana Rizzo. WWE has not publicly confirmed the identity of the remaining wrestler included among the 10 total releases as of Friday.

WWE’s latest round of NXT cuts is being characterized within the wrestling industry as part of the company’s regular, ongoing talent evaluation process, occurring alongside broader efforts to streamline its overall roster under parent company TKO Group Holdings. Wrestling analysts covering the releases have pointed to several likely factors behind the decision, including an effort to revamp the current roster by removing performers who either do not fit clearly into existing storylines or creative direction, or whose continued presence makes it more difficult for the company to properly feature its remaining talent across its various television programs.

Industry observers have also noted that periodic developmental releases help prevent WWE’s NXT system from becoming overcrowded, given the company’s continued practice of bringing in new athletes and independent wrestling prospects through its Performance Center training facility and through newer talent pipelines such as the WWE Independent Development program and Evolve brand. By periodically releasing wrestlers who have either stalled creatively or appear unlikely to progress to the main roster, WWE is able to create additional space for newer signings and developmental call-ups as it continues managing the size and composition of its overall talent pool.

Friday’s cuts mark the second significant wave of WWE releases in 2026. The first major round came shortly after WrestleMania 42 on April 24, when the company released a substantial group of established performers, including Kairi Sane, Aleister Black, Apollo Crews, Bo Dallas, also known by his in-ring persona Uncle Howdy, Nikki Cross and Joe Gacy. That earlier wave also included the release of the Wyatt Sicks stable, along with Black’s real-life partner Zelina Vega and the tag team known as the Motor City Machine Guns.

Black and Vega’s April releases drew particular attention at the time given their prominent, regular presence on SmackDown’s weekly programming, with Black firmly established within the show’s upper-midcard scene heading into his release. Black had returned to WWE roughly a year before his release, marking his second stint with the company following a respected run with rival promotion AEW. The Wyatt Sicks, meanwhile, had debuted in 2024 as a tribute act following the death of former WWE champion Bray Wyatt, whose real-life brother is involved in the group, and the stable had recently held the WWE tag team championships before losing the titles and wrapping up an extended storyline feud with Solo Sikoa and the MFTs.

Beyond the two major waves of cuts in April and September, several other established WWE performers have separately opted to accept releases from the company this year after being asked to restructure their existing contracts, according to reporting on the broader pattern of 2026 roster moves. Those departures have included members of The New Day, Kofi Kingston and Xavier Woods, along with veteran performer Sheamus, each of whom had previously received substantial opportunities in prominent roles across WWE’s flagship Raw and SmackDown programming before their respective exits from the company.

Releases of this kind are considered a routine, if often difficult, part of WWE’s ongoing business operations, given that no performer signed to the company holds a guaranteed spot on its active roster regardless of past accomplishments or championship history. Company officials routinely review talent contracts and individual performance metrics at various points throughout the year, with the timing of September’s cuts aligning with a broader post-summer planning cycle that companies in the wrestling industry often use to prepare for major pay-per-view events scheduled later in the calendar year.

The scale of releases across WWE’s Raw, SmackDown and NXT brands throughout 2026 reflects the company’s continued efforts to adjust its overall headcount, manage payroll costs, and maintain flexibility to bring in new signings or promote developmental talent as creative needs evolve. Wrestling industry analysts have noted that mass releases of this scale can meaningfully affect ongoing storylines, tag team divisions and midcard depth across the promotion’s various brands, particularly when they involve performers who had been actively featured in current programming at the time of their departure.

With more than 50 performers now released from WWE across the two major waves of cuts in 2026 alone, along with the additional performers who separately opted to leave the company after contract restructuring discussions, the promotion’s roster composition heading into the final months of the year looks notably different from where it stood at the start of the season, as WWE continues balancing its investment in high-profile main roster contracts against a broader effort to trim costs and reshape its overall talent pipeline across its developmental system.

This article was written by

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Eurozone retail sales fell unexpectedly in July, a sign that the currency area’s resilience in the face of high energy prices might be faltering even as separate figures pointed to a continued recovery in German industry.

Retail sales volumes fell by 0.6% on month compared with a 0.2% increase in June, according to data published Friday by the European Union’s statistics agency. A forecast by economists polled last week by The Wall Street Journal expected volumes to rise by 0.3%.

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