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Savings & Retirement

Hong Kongers Fleeing to UK Leave $3.8 Billion Trapped Behind

59m ago

The city’s most recent security law is prompting thousands to leave, but their retirement savings are caught in a geopolitical battle.

The Big Take

Brookfield Lines Up a 36-Year-Old Rising Star as Next Billionaire CEO

High inside the alternative-asset giant, it’s an open secret that bosses are preparing Connor Teskey to take over

Debt & Savings

Moelis-Backed App Has $113 Million Trapped in Fintech Collapse

People with funds on Yotta and other platforms haven’t been able to access their accounts following the bankruptcy of Synapse Financial.

Wealth

US Homes Are Increasingly Out of Reach for International Buyers

Billionaires

You Can Never Have Too Much Money, Happiness Researcher Finds

A senior fellow at the Wharton School disputes the notion that the correlation between well-being and wealth levels off once people reach a certain income level.

Spending & Earning

Labour to Press Ahead With Tax Hike on UK Private-School Fees

Investing

‘Finfluencers’ Have Davos Set Rethinking Future of Wealth Advice

With a massive transfer of money to younger generations looming, a new report says the financial services industry needs to change how it connects with Gen Z and millennials.

Wealth

World’s Biggest Luxury Fortunes Lose $24 Billion as Market Slows

Car Dealers Reel From Cyberattack On $1.2 Trillion Market

Debt & Savings

Car Repossessions Surge 23% as Americans Fall Behind on Payments

High interest rates and tight budgets are making monthly bills unaffordable for a growing number of vehicle owners.

By Claire Ballentine

Real Estate

JPMorgan to Buy NYC Building in More Than $300 Million Deal

Americans Across The Nation Watch The First Presidential Debate Between Joe Biden And Donald Trump

Wealth

Billionaires Take Sides as Turbulent Presidential Race Heats Up

Wealth

Family Offices Snub Hedge Funds for Quant Bets, Citi Banker Says

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Wealth

Hedge Fund Rokos’ Co-Chief Risk Officer Green Leaves Firm

Finance

Blitzer Eyes Next Act After Building $35 Billion Blackstone Unit

Wealth

Trump and Biden Prove Billionaires Can’t Always Win in Politics

Apollo Global Management Inc. Asia-Pacific Head Matthew Michelini

Wealth

Leon Black Oversees $1 Billion Wealth Shift For Apollo Fortune

Watch: Wealth with David Rubenstein

Bloomberg Wealth: Philippe Laffont

David Rubenstein speaks with Philippe Laffont, founder of the roughly $50 billion technology-focused hedge fund Coatue Management. After moving to the US from France as a teenager, Laffont fell in love with the American spirit. After cutting his teeth under Julian Robertson's tutelage at Tiger Management, Laffont struck out on his own and founded Coatue at the height of the dotcom boom in 2000. In this "Bloomberg Wealth" interview, Laffont talks openly about his belief in AI as the innovation engine for the future of technology investing. This interview was recorded June 25 in New York at the Bloomberg Invest Summit. (Source: Bloomberg)