The Hong Kong government gazetted a bill on Friday that, if passed, would waive salary tax on fund managers’ performance-linked bonuses, so long as they meet certain requirements, in a move to introduce further tax reform to strengthen the city as a wealth management centre. The bill, which will be first read by lawmakers on…
Pressure on Blue Owl Capital (OWL) isn’t letting up after an asset sale meant to calm investor worries last week sparked new concern from top government officials about the $1.8 trillion private credit industry. “We are concerned,” Treasury Secretary Scott Bessent said Friday when asked about the growth of Blue Owl and other private lenders…
(Reuters) -S&P Global has agreed to buy private markets data provider With Intelligence, the company said on Wednesday, as it looks to expand its products for the fast-growing segment of financial services. Private markets are seeing increased investor interest as years of higher interest rates and muted exits have pressured private valuations at a time…