Examples of companies relocating to Dubai include an impressive number of companies leading the way with sophisticated technology, artificial intelligence, biotech and medicine, solid waste solutions, safe and sustainable food, fintech, and more. One of the key takeaways from recent Ritossa Family Office Investment Summits in Dubai is the large number of entrepreneurs who have…
SPAC FRENZY EMBOLDENS SILICON VALLEY STARTUPS TO FORGO VENTURE FUNDING
Helicopter-taxi hopeful Archer is among those joining the public markets with billion-dollar valuations—years before any revenue California aerospace startup Archer Aviation Inc. has a multibillion-dollar vision of flying people around town in autonomous electric helicopters. It doesn’t have revenue or a vehicle ready for liftoff, but that hasn’t slowed the three-year-old company. Instead of toiling…
BNP Tightens Amazon, Cerrado Deforestation Policy
BNP Paribas SA tightened its deforestation policy for companies doing business in the Amazon rainforest region and the Cerrado, a vast tropical savanna in South America where soy and cattle are raised.
Join Us in Miami! Love, Masters of the Universe
Silicon Valley techies and Wall Street titans have bought homes and moved businesses there in the pandemic, coaxed by an eager mayor.
Future Returns: Investing in a New Consumer Behavior Era
Anticipating fiscal reactions to the shifts in consumer behavior caused by the Covid-19 crisis isn’t easy. But careful observers can find plenty of indicators for how people live and spend money in the new normal.
Five Hedge Fund Heads Made More Than $1 Billion Each Last Year
Twelve billion dollars. It’s more than JPMorgan Chase & Co. paid all 56,000 of its investment bank employees, and almost twice as much as gamblers lost in Las Vegas last year. It’s also what 15 hedge fund managers collectively earned in 2019. Five of them—Chris Hohn, Jim Simons, Ken Griffin, Steve Cohen and Chase Coleman—reaped…
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FON Magazine – Holiday Issue – Presenting: Family Office Networks‘ Luxury Lifestyle Magazine Holiday Issue – Check it out now at https://bit.ly/349RYdk
Successful hedge-fund managers are good at coming up with well-defined investment strategies to make money for their clients. Hedge-fund managers usually charge their clients a management fee and take a percentage of the profits. Here are the richest hedge-fund managers in the world, based on Forbes‘ 2019 billionaires report, in ascending order of their net…
Family offices become financial titans
Hussein Sayed, a local anchor with CNBC, a tv network, beams from the stage as he welcomes participants to a conference on family offices (fos) in Dubai. Among those present are billionaires and their offspring, advisers and money managers, and a smattering of investment-minded blue-bloods, including Prince Michael of Yugoslavia. “We think there may be over $2trn represented…
Mena billionaire wealth up by 15%
The total wealth of Mena-based billionaires surpassed $165 billion in 2017, a rise of 15%. The number of billionaires in the region also increased by 24% to 52, according to the UBS/PwC Billionaires Report 2018.