Quote of the Day
"Any big transformation of the economy is inherently volatile and introduces uncertainty. There will be many false starts. Overinvestment in some areas, underinvestment in others"
(Allison Schrager)
Markets
- Nvidia ($NVDA) is clearly a great company, but is it a great stock? (bloomberg.com)
- Europe's value stocks have driven a lot of the continent's underperformance. (albertbridgecapital.com)
- Prosus trades well below the value of its big stake in Tencent. (wsj.com)
Finance
- Some former FTX customers now regret selling their bankruptcy claims at a big discount. (wsj.com)
- Why Apple ($AAPL) is pulling back on the banking front. (spyglass.org)
Alternatives
- HPS Investment Partners has raised one of the largest private credit funds on record. (on.ft.com)
- Jain Global, a new multi-strategy hedge fund, has raised $5.3 billion in commitments. (bloomberg.com)
- Why it matters that private credit is taking on risk that banks used to. (integratinginvestor.com)
CRE
- Evidence that banks are trying to quietly reduce their real estate exposure. (nytimes.com)
- Canada's big pension funds are sitting on CRE losses. (bloomberg.com)
- Another problem for office buildings - obsolescence. (ft.com)
Economy
- Homebuilders need a rate cut. (bloomberg.com)
- How to measure labor market tightness - listen to companies. (sherwood.news)
Earlier on Abnormal Returns
- Adviser links: a sense of purpose. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
