Investment House

Investment house Horizon is set to merge with the public shell Blue Wave at a 40 million shekel valuation. Founder Itai Lipkovitz will retain a 20% stake as the firm eyes AI integration and further growth.

Investment house Yelin Lapidot has acquired a stake in Dyoniss Alad for roughly 7.8 million NIS, joining major institutional shareholders amid ongoing residential projects and merger talks.

Mali Leviev Binyamini has been appointed CEO of Sigma Portfolio Management, an investment house managing over 20 billion shekels. She will lead the company's business strategy and client expansion.

Or Poria of Poria Financial Investments published a weekly market review, highlighting how multi-year peak bond yields and a strengthening US dollar are dictating global and local financial trends.

Altshuler Shaham recorded net outflows of nearly NIS 200 million in September, ending months of strong fundraising as the firm announced a major corporate restructuring and split of its provident and pension operations.

Following a major ownership shakeup, Altshuler Shaham executives held an emergency webinar to reassure insurance agents. WeSure and CEO Yair Levinstein acquired controlling stakes in the finance arm, while founders retain private operations.