The fund will target holdings across five major North American sports leagues, including the NFL and NBA, alongside investments in film and TV companies, music catalogues, and live event properties. CAIS Advisors will launch the vehicle with a minimum investment as low as $25,000. Investors may redeem up to 5% of net asset value twice a year, subject to approval. The management fee is set at 0.95%. According to the firms, the initial portfolio will include exposure to more than 30 sports franchises, media assets, and live entertainment businesses. Neil Blundell, chief investment officer at CAIS Advisors, said the structure will give retail investors access to a diversified slice of the fast-growing sports economy. Eldridge, founded by Todd Boehly, has a long-standing presence in global sport with stakes in the Los Angeles Dodgers and Lakers, and previously led the acquisition of Chelsea FC in 2022. Arctos is one of the most active sports investors globally, with holdings across multiple teams and leagues....

The National Highway Traffic Safety Administration (NHTSA) has identified at least 80 instances in which Tesla's Full Self-Driving (Supervised) software violated road rules by running red lights or crossing into the wrong lane, according to a new letter sent to the automaker this week. NHTSA said in the letter it has received 62 complaints from Tesla drivers, 14 reports submitted by Tesla, and four media reports that describe potential violations. That's up from around 50 violations NHTSA cited when it opened an investigation into the behavior in October. The federal safety agency's Office of Defects Investigation (ODI) is probing whether Tesla's driver assistance software can 'accurately detect and appropriately respond to traffic signals, signs and lane markings,' according to the letter. ODI is also evaluating whether Tesla's software is providing sufficient warnings to drivers in these situations. Tesla's responses are due January 19, 2026. The increase in complaints is notable in part because the original batch reported by ODI in October included multiple reports from one particular intersection in Joppa, Maryland. Tesla told the agency at the time that it had already 'taken action to address the issue at this intersection.' The agency didn't say where, geographically, these newly reported incidents took place. Tesla heavily redacts its own submissions to the agency....

The exploratory exercise, which will publish its final report in early 2027, will evaluate the impact on the UK economy rather than identify vulnerabilities at individual firms. The BoE cannot compel participation because it does not regulate private equity or investment funds, but a group of major global asset managers has agreed to take part. Participants include Apollo Global Management, Bain Capital, Blackstone, Carlyle, CVC Credit Partners, Goldman Sachs Asset Management, KKR, and Permira. Together they account for about one third of UK leveraged buyout activity, half of private credit lending to large UK corporates, and 40% of employment in private equity-backed businesses. The test will run in two stages, allowing firms to indicate how they would react to the decisions of others during a crisis. It will examine how investors fund themselves and how shocks could cascade through financing structures for large British businesses. Venture capital and commercial real estate will not be included....

'I'd never seen anything like the sort of organization that happened during the RIFs (layoffs, or reductions in force) in supporting each other with news, information and job resources,' said Anthony, a federal worker who'd been with the agency for almost a decade before his position was eliminated. He asked that his real name and other identifying details not be published, out of fear of retaliation. I'm an anthropologist, which means I study human nature and human diversity, and I'm an expert in how people cooperate to manage risk. Watching federal workers use social media to provide mutual support offered a rare real-time view of the process. To deepen my understanding, I interviewed several federal workers who work in different parts of government. They told me that in the past, federal workers haven't always interacted with their co-workers outside of work, much less connected across federal agencies. But thanks to online platforms, that's changing. As they've faced RIFs, operational changes from the Department of Government Efficiency (or DOGE) and the longest government shutdown in history, current and former federal workers have come together in online spaces to support one another. The result is a vivid example of how people create resilient networks, often spanning group boundaries and distance, in response to uncertainty and threats....