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Hedge funds are "dead" as an investment class for the super rich, said Michael Sonnenfeld, founder and chairman of Tiger 21 — a network of ultra high net worth investors and entrepreneurs.
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TOKYO -- A group of 17 trading, power and gas companies, as well as George Soros's Soros Capital Management, will invest 5 billion yen ($32 million) in a Japanese startup operating an online electricity exchange, Nikkei has learned, in an effort to smooth out wholesale prices and help small power retailers compete.
By just about every measure, Tesla's first-quarter earnings report on Tuesday was dreary. The company missed estimates on the top and bottom lines. Revenue fell by 9% year over year, the worst decline since 2012. Auto sales dropped 13% from the same period in 2023. Free cash flow turned negative.
HONG KONG -- The U.S. dollar's strength and bets that the Federal Reserve will delay interest rate cuts are turning up the heat on Asian bond investors, as local currencies in popular markets such as Indonesia and South Korea come under heavy depreciation pressure.
TOKYO -- Investors remain bullish about Japan's property market this year. Funding is easy to come by, despite the county's first interest rate hike in 17 years in March. Further fueling their optimism is a flood of overseas tourists, workers returning to the office in droves and rising rents.
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Investors are often accused of being complacent about vulnerabilities in the global economy, particularly geopolitical risks which have not been this acute in decades. Yet this is only partly true. A cursory glance at surveys of market sentiment suggests investors are increasingly concerned about the dramatic escalation in geopolitical tensions in recent years.