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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