Qatar wealth fund invests in Goldman alums’ credit firm 5C

Qatar’s $580 billion sovereign wealth fund is investing in a private credit firm run by former Goldman Sachs Group Inc.

UK Banks Push to Manage Billions of Pounds Sitting Uninvested

UK retail bank NatWest Group Plc has for years made most of its income from collecting interest on mortgages and other loans. It and many other banks want to change that by pushing further into wealth ...
Bloomberg L.P.

Stock Rotation Is 'Sign of a Broadening Market,' UBS Wealth Management Says

UBS Wealth Management's Hartmut Issel says it's "not an unhealthy environment" for investors as many look to diversify their portfolios. He tells Bloomberg Television that the rotation out of tech is ...
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Wealth tax would cause California’s rich to flee, Newsom warns

(Bloomberg) -- California Governor Gavin Newsom warned that a proposed one-time tax on billionaires will backfire by prompting the ultra-rich to leave the state and expressed disappointment at those ...
Bloomberg L.P.

Hong Kong Family Offices Numbers Jump 25% Since 2023 in Wealth Hub Boost

Hong Kong’s single-family offices rose 25% from 2023 to 3,384 by the end of last year, as the city moved to reinforce its status as an Asian wealth hub. Each single-family office managed at least $10 ...