Firms jostle to sell alternative assets to wealthy investors
Critics warn of risks in selling illiquid and hard-to-value products to less experienced retail buyers
Financial Times
Citigroup strips COO of responsibility after $136mn fine
Former PwC partner Tim Ryan will take over data overhaul team from Anand Selva
India’s top shadow bank lists housing finance arm in blockbuster $782mn IPO
Shares of Bajaj Housing Finance shot up by as much as 130% on trading debut
How do you fix Schroders?
Plus, the latest gold rush, multi-manager outflows, and Van Gogh at the National Gallery
The pension fund transfer business needs urgent scrutiny
Insurers are receiving a very handsome reward for such a low-risk business
‘We market ourselves on dating apps, surely we can sell our own houses’
No estate agent? No estate agent fee . . . with the current challenging landscape for selling a flat, one frustrated homeowner took matters into his own hands
Hong Kong market still feeling the chill as aircon maker Midea floats
$4bn secondary listing is exchange’s biggest offering since 2021 but does not signal a revival, say analysts
Hong Kong-focused ETFs set to list on Saudi exchange
Planned listings follow 2023 launch of Hong Kong’s first Saudi equities ETF, which has attracted $1.25bn in assets
Apollo pushes into high-grade debt business long dominated by banks
Led by a onetime dealer in death benefit settlements, the leveraged buyout pioneer evolves into a bulge-bracket lender
UK home asking prices rise sharply in September
Declining mortgage rates and certainty of a new government deliver autumn boost to market
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