Financial Highlights from the Recent Week You Should Know About:
- PRIVATE BANKING/WEALTH MANAGEMENT: BofA to Offer Art Consulting to HNWI’s Since NFT’s never panned out, traditional art investing as alternative investments are still an asset class for the wealthy. Which is why Bank of America is set to offer art consulting to their high-net worth clients, who are revisiting art investing and also using art collections as collateral for loans.
- PRIVATE CREDIT: Blue Owl Restrictions Poses Risks to Retail Investors Blue Owl Capital announced last week that they will permanently halt all redemptions of their private credit fund aimed at retail investors. The reason given for this decision was a “mismatch” in liquidity due to a spike in withdrawal requests.
- MARKETS: Japanese Stocks Saw High Demand As investors showed caution in US stocks and started diversifying into international stocks, Japanese stocks saw the highest inflow of capital since 2014.
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