Oil-rich emirate draws new name as it seeks to become financial hub to rival neighbouring Dubai
Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation
ChatGPT maker’s value set to nearly double as it seeks more investment to fund ambitious expansion
RedBird Capital Gerry Cardinale criticised his rivals saying sector has been ‘bad for ecosystem’
Also in today’s newsletter, how the US opted for ‘a slower, more expensive transition’, according to one investor
Bond price tumbles as investors fret archipelago nation will miss October payment
Investors shrugged off market ructions and ignored the usual summer lull to pour $130bn into exchange traded funds
Report by Barclays highlights risk of potentially missing out on higher returns from investment
ETF launch comes as big investment firms seek to sell alternative assets to retail investors
Plus, the Bank of London’s mysterious weekend tax debacle and companies race to issue record levels of US debt ahead of presidential election
Establishing strong governance arrangements will be key
Format has been a hit in the US, while European regulators have approved no new CLO mutual funds since 2020
Industry’s hottest sector posts first client withdrawals in seven years after weaker returns in 2023, Goldman Sachs data shows
Plus, UK capital markets revamp, record US debt issuance, and Musée Jacquemart-André reopens
UK asset manager becomes latest big-name house to embrace active ETFs
Chinese car buyers avoid Tesla as more advanced electric vehicles flood the market
Credit investment specialist says its trust in PE firms’ oversight of ecommerce roll-up group Thrasio was misplaced
Investment group that acts as family office of top entrepreneurs bets on M&A and secondary markets
Scheme takes seed investment as chancellor questions future of local government retirement schemes
Once heavily indebted, analytics provider now sits on a cash pile of £188mn
Care home shortage and a stabilising residential market offer opportunities in rate-sensitive property funds
With several different product versions already available, some point to a confused market
Actual owners of shares should have more say than their hired fund managers
Proposal for pool of capital to invest in strategic sectors has also been floated by Donald Trump
US private equity group’s interest highlights growing demand for second-hand goods from consumers and investors
