In the business of initial public offerings, the global market may be faltering, but primary listing activity in Hong Kong is buoyant. We can point to market-specific factors for this divergence, but we wonder if there is a single overarching theme in play. Could corporate issuers be rewarding Beijing for predictability and stability, at least […]
Aswan, Egypt was busier than usual in February, when the Aga Khan IV, spiritual leader of Ismaili Muslims, was buried there in the family mausoleum. Prince Karim Al-Hussaini Aga Khan died at the age of 88 on February 4. His final resting place, a distinctive pink-granite structure overlooking the Nile, was built in the 1950s […]
With almost $10 billion in cash on hand and a voracious appetite for content, Netflix is positioned to inject fresh life into proven genres and rescue flailing productions. The streamer may not have as much gargantuan spending power as Amazon or Apple, but its business interests are singularly focused on production and distribution. Netflix both […]
No one has more at stake in a degraded Mexican economy than Carlos Slim Helú. The 85-year-old deal maker has earned much of his wealth in the domestic telecommunications industry, while expanding aggressively into consumer goods and infrastructure. His businesses, typically owned through his conglomerate Grupo Carso, touches almost every Mexican citizen. If national output […]
Riyadh wasted little time in setting the tone for bilateral ties with the United States. Just days after the inauguration, Crown Prince Mohammed spoke with President Trump, promising $600 billion in investment over the next four years. The figure is roughly in line with the gross domestic product of Sweden or Argentina; it is somewhat […]
The cast of tech titans behind the Trump inauguration podium is broadly interpreted as a sign of new-found alignment between Washington and Silicon Valley. Given legacy hostilities, the theatrics of Zuckerberg, Bezos, and Musk showing their deference to the incoming president was worth suffering through Inauguration Day bravado. We wonder, however, if the Capitol Hill […]
Years of cheap money meant that family offices tended to be more tactical, than strategic, in making portfolio decisions. They might have considered an allocation to that hedge fund or this venture deal, based on affinities and relationships. Keeping up with the latest trend by way of a pre-IPO investment, if even available, was essential. […]
Can a major auction house also become a force in venture capital? The leap from decorative baubles to tech startups may seem like a stretch, but that depends on how you define Christie’s core business. Are they an art purveyor or risk manager? Christie’s announced this month that it was moving into venture capital with […]
Natural-resource funds are among the most successful at raising capital this year, materially so. That trend represents an abrupt shift in the texture of private markets, which have been dominated since 2015 by technology opportunities. Institutions largely lost interest in natural resources, after the sharp drop in oil prices in the second half of 2014. […]
Chinese investment in Australia has collapsed. At the height of the commodity boom in the first half of 2008, China deployed some US$16.2 billion into direct commitments in Australia. According to new data from KPMG and the University of Sydney, the number was a scant US$585 million in 2021, or less than four percent the […]
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