Economy · Full coverage
Jared Kushner's Affinity Fund Sells $1 Billion in Phoenix Insurance Shares
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Calcalist · 2 hours ago
What happened
Jared Kushner's Affinity fund sold a quarter of its shares in Israel's Phoenix Insurance for about $1.05 billion, reducing its stake to 7.4% but remaining the largest shareholder.
- 01Jared Kushner's Affinity fund sold 2.5% of Phoenix Insurance shares for $1.05 billion.
- 02The sale was led by U.S. investment bank Jefferies to American institutional investors.
- 03Affinity's stake dropped to 7.4% but it remains Phoenix's largest shareholder.
- 04Affinity initially bought a 5% stake for 470 million shekels nearly two years ago.
- 05In 2025, the fund increased its investment to about 940 million shekels via options.
- 06The sale was made at a 5% discount to the stock's base price on the sale day.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
In this story
People
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
Related stories
Billionaire Charles Kushner Leaves New York Citing Antisemitism by Mayor Adams4 days agoPhoenix Expands Share Buyback Program to 400 Million Shekels by 2026Jul 16, 2026Israeli Insurance Funds Lose Nearly 70% in Assets Managed by Wall Street Giants Amid Poor Returns1 day agoPhoenix Finds Offshore Route to Offer Reinsurance to Israeli InsurersJun 16, 2026A Visit to Saadiyat Island, Jared Kushner’s Bid to Turn It Into a Destination for the World’s WealthiestJun 7, 2026Infinity’s War-Time Bet on Israel Powers Record Returns and Asset GrowthJun 17, 2026
