Billionaire Partners Group Founder Moves to Split Family OfficeUrs Wietlisbach, one of the three billionaire founders at Swiss private equity firm Partners Group Holding AG, is carving out an independent unit within the family office that’s managed their fortunes for over a decade, in an early sign of the executive’s succession planning.
Allianz Said to Lead Bidding for HSBC’s Singapore Insurance UnitAllianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, according to people familiar with the matter.
Jack Ma-Backed Ant Group Set for High-Stakes Overhaul of Billion-User AppAnt Group Co. is testing an overhaul to its Alipay super app that would introduce an AI agent interface, a major escalation in its battle for users with archrival WeChat.
SpaceX Surge Further Boosts Saudi Billionaire Prince’s FortuneFriday’s debut share surge for SpaceX is bolstering the fortunes of one of Saudi Arabia’s richest men.
Trump Taps Lawyer Who Helped Defend Him as Wall Street’s Top CopPresident Donald Trump tapped an experienced white-collar lawyer who helped defend him in a hush money case to be US attorney for the Southern District of New York, the federal prosecutor whose office handles many high-profile Wall Street cases.
CLO ETFs Boom on Higher Rates, Private Debt WoesWall Street has an answer for retail investors seeking to profit from elevated interest rates and dodge defaults in private credit: funds that buy collateralized loan obligations.
Private Markets Titans Fight Back in Court of Public OpinionPrivate capital’s problems are more perception than reality.
Warsh Caught Between Trump and Bond Market Betting on Rate HikesJust three weeks into the job, Federal Reserve Chairman Kevin Warsh is already facing an unusually high-stakes test.
Fed and BOE Stay Guarded After 100 Days of Iran WarFor several global central banks, the question of whether the Iran war poses more of an immediate danger to inflation or to growth is likely to remain open in the coming week.
South Korea’s World-Beating Stock Market Eyes Its MSCI MomentAfter one of its most volatile weeks in years, South Korea’s stock market is approaching a milestone it has long been chasing: a potential path into MSCI Inc.’s developed-market status.
Brazilian Bank Apologizes for Mistaken Liquidation AlertNu Holdings Ltd. co-founder Cristina Junqueira apologized to Nubank customers who received an app alert telling them the bank had been liquidated, saying a software programmer inadvertently caused the faulty notification.
L Catterton in Talks for Stake in Hyrox Fitness Brand, Sky SaysLVMH-backed private equity firm L Catterton is in exclusive talks to buy a stake in extreme fitness brand Hyrox, according to Sky News.