Forget Greece — Brevan Howard’s latest real-estate digs will be in an old-school hedge fund hot spot. The $35 billion manager is adding an office in Greenwich, the leafy Connecticut suburb long known for its concentration of hedge funds, early next year, a person close to Brevan told Business Insider. It will be the European-based
As more states have begun to introduce wealth taxes, billionaires and other ultrawealthy individuals have been forced to make the hard choice between sucking it up and paying the bill or moving elsewhere. Those who have chosen to dodge proposed wealth taxes in states including California and Washington have flocked to Florida. Billionaire Californians face
Investors have worried that higher yields would drive foreign buyers out of the US corporate bond market. So far, that hasn’t happened. Despite a sharp rise in Treasury yields this year, foreign demand for US corporate bonds has remained robust, according to Goldman Sachs. Through the end of June, net foreign purchases of US corporate
Anthropic is opening an office in Singapore—its first in Southeast Asia—planting its flag in a market that’s quickly becoming a new battleground for the U.S.’s top AI firms. On Sept. 16, Anthropic announced its expansion to Singapore, making the Southeast Asian city its fifth location in Asia-Pacific, following hubs in Tokyo, Seoul, Bengalaru and Sydney.
Tom Cruise, 64, said it was his childhood dream to make movies, and he worked hard to make that dream a reality. Speaking to GQ in an interview published Tuesday, Cruise said he would map out the skills he needed to make films, breaking each one into actionable tasks. “What I did was write goals,”
FOMO—the fear of missing out—used to be a shorthand favorite of young people worried about not being at the right party on a Saturday night. Now, chief executives are increasingly having FOMO over applied AI. The financial bets are large enough for boards to wince at capital expenditure implications. The outcomes are shrouded in mystery, a particular irritant for leadership teams obsessed with data and clarity. Step
