Real Estate
Private credit sells funds for small investors as big ones balk
Private credit firms are looking to get their share of an estimated US$178 trillion personal wealth market by offering individual investors what looks almost like a mutual fund.The product,...
S’porean David Yong, who was in Netflix’s Super Rich in Korea, charged with falsification of accounts
Singaporean businessman David Yong has been charged with falsification of accounts in relation to a promissory note arrangement involving Evergreen Group Holdings.The 37-year-old chief executive of Evergreen Group Holdings, whose...
JPMorgan considers suing consumer watchdog over Zelle
JPMORGAN Chase said on Friday (Aug 2) it is considering whether to sue a United States consumer watchdog over the agency’s inquiries into the Zelle payment app.The bank said...
Alphabet’s fund CapitalG cut stake in CrowdStrike before July global outage
GOOGLE-PARENT Alphabet’s independent growth fund CapitalG cut its stake in cybersecurity company CrowdStrike, according to a regulatory filing on Friday (Aug 2), much before a global outage last month...
Influencers’ go-to digital retailer finds actual stores are key
REVOLVE Group, a popular fashion hub among young influencer-obsessed shoppers during the pandemic, is seeing its shares tumble as sales dry up. So, in an attempt to juice the...
Fed officials likely to push back against half-point rate cut
A WEAK July jobs report has fuelled fears the Federal Reserve has already waited too long to lower interest rates, but policymakers are unlikely to respond with a jumbo-sized...
Meta is offering Hollywood stars millions for AI voice projects
META Platforms is offering Hollywood celebrities millions of US dollars for the right to record and use their voices for artificial intelligence (AI) projects, according to several sources familiar...
Hedge fund investor appetite hit by high fees and private credit, says Goldman Sachs
GLOBAL investor appetite for the most expensive multi-strategy hedge funds has fallen, Goldman Sachs said in a report to clients seen by Reuters on Friday (Aug 2), though more...
