A rescue mission involving volunteer helicopter crew and public donations ended in joy after Molly was located and brought home A spot of furry black and white appears among the jagged rocks of New Zealand’s alpine backcountry. It is Molly the border collie, sitting near the foot of a waterfall where she had been separated from her owner one week earlier. Molly was rescued on Tuesday after an aval...
A rescue mission involving volunteer helicopter crew and public donations ended in joy after Molly was located and brought home A spot of furry black and white appears among the jagged rocks of New Zealand’s alpine backcountry. It is Molly the border collie, sitting near the foot of a waterfall where she had been separated from her owner one week earlier. Molly was rescued on Tuesday after an avalanche of donations from the public funded a volunteer team made up of former helicopter pilots and crew to mount a search in the wilderness. Continue reading...
Balyasny Asset Management ’s Asia-Pacific Chief Operating Officer Eddie Lo is leaving the $33 billion hedge-fund firm after less than two years at the company, according to people with knowledge of the matter. Lo joined Dmitry Balyasny ’s eponymous Chicago-based firm in mid-2024 and was previously a regional treasurer for Ken Griffin ’s now $69 billion Citadel hedge fund business. Separately, Tom ...
Balyasny Asset Management ’s Asia-Pacific Chief Operating Officer Eddie Lo is leaving the $33 billion hedge-fund firm after less than two years at the company, according to people with knowledge of the matter. Lo joined Dmitry Balyasny ’s eponymous Chicago-based firm in mid-2024 and was previously a regional treasurer for Ken Griffin ’s now $69 billion Citadel hedge fund business. Separately, Tom Chen , regional head of equity finance, is also departing after joining the company in 2022. Both men are leaving to pursue other opportunities, said two of the people, who asked not to be identified discussing private information. A Balyasny spokesman and Chen declined to comment. Lo did not answer phone calls or reply to a social media message seeking comment. Balyasny Asia Revenue Jumps 82% to Record During Expansion Drive Balyasny Hires Citadel Treasurer for Hedge Fund’s Asia Expansion Hedge Fund’s $30 Million Pay Shows Race for Japan Rates Traders Having arrived in Asia nearly 20 years ago, Balyasny’s regional business saw rapid growth in recent years. Revenue in Asia rose 82% in 2025 from a year earlier, Kevin Byrne , its New York-based chief operating officer, said in an interview earlier this year. Assets overseen by Balyasny have grown by 57% since late 2023, after it recovered from a period of subdued returns, investor redemptions and staff cuts. Last year, it returned 17%, ahead of Citadel and Millennium Management. The US-Israel war against Iran has led to widespread losses at hedge funds last month, as turmoil hit markets ranging from oil to interest rates, eroding gains made earlier this year.
Emerging-market assets rallied after signals from the US and Iran pointed to a de-escalation in tensions. The MSCI EM Index jumped more than 3% while a similar gauge of EM currencies gained 0.7% — both on track for their first increase in five days. Sentiment was buoyed by comments from US President Donald Trump and the Iranian authorities signaling a willingness to ease hostilities. The risk-on m...
Emerging-market assets rallied after signals from the US and Iran pointed to a de-escalation in tensions. The MSCI EM Index jumped more than 3% while a similar gauge of EM currencies gained 0.7% — both on track for their first increase in five days. Sentiment was buoyed by comments from US President Donald Trump and the Iranian authorities signaling a willingness to ease hostilities. The risk-on mood and “recovery in Asian currencies” have materialized despite elevated oil prices, Michael Wan of MUFG wrote in a note. “We remain cautious in positioning, as we remain quite skeptical that a pathway to a durable peace deal can be reached.” Markets turned optimistic after Trump said he expected the US to end the war with Iran within two to three weeks . Earlier, Iranian state media reported that President Masoud Pezeshkian said the country is ready to end the war, while reiterating Tehran’s demands. Still, Brent crude edged higher as traders weighed the impact of ongoing disruptions in the Strait of Hormuz. Most major Asian currencies were up versus dollar on the day, with the Bloomberg Asia Dollar index rising 0.4% to 91.49. “Once tensions in the Middle East begin to moderate, the dollar will resume its broader downward trajectory,” said Rajeev de Mello , global macro portfolio manager at Gama Asset Management . “We look to rebuild our EM FX exposure once conditions move closer to resolution.”
Wondering if Apple at around US$253.79 still offers value or if most of the easy gains are already behind it? This article will help you frame that question using several valuation lenses. Over shorter periods, the stock has had mixed moves, with a 0.9% return over 7 days, a 3.9% decline over 30 days, and a 6.4% decline year to date, while the 1 year, 3 year, and 5 year returns sit at 14.2%, 55.4%...
Wondering if Apple at around US$253.79 still offers value or if most of the easy gains are already behind it? This article will help you frame that question using several valuation lenses. Over shorter periods, the stock has had mixed moves, with a 0.9% return over 7 days, a 3.9% decline over 30 days, and a 6.4% decline year to date, while the 1 year, 3 year, and 5 year returns sit at 14.2%, 55.4%, and 106.5% respectively. Recent coverage of Apple has focused heavily on ongoing product...
Wall Street’s biggest private credit houses — including Blackstone Inc. and Ares Management Corp. — are facing pointed questions from the Democratic faction of the House Financial Services Committee, prying into how the firms and their investment funds are marketing, valuing and handling the asset class. Their offices recently fired off inquiries to major firms, zeroing in on sensitive aspects of ...
Wall Street’s biggest private credit houses — including Blackstone Inc. and Ares Management Corp. — are facing pointed questions from the Democratic faction of the House Financial Services Committee, prying into how the firms and their investment funds are marketing, valuing and handling the asset class. Their offices recently fired off inquiries to major firms, zeroing in on sensitive aspects of how they run private-credit vehicles such as business development companies, according to people with knowledge of the inquiries. Those facing questions also include Apollo Global Management Inc. , BlackRock Inc. , Blue Owl Capital Inc. , Carlyle Group Inc. and KKR & Co. , one of the people said. Topics include sales practices, leverage, fees, incentives, audits, risk management and potential economic vulnerabilities, the people said, asking not to be identified describing the private communications. The questions show how worries about the $1.8 trillion private credit market are starting to creep from Wall Street investors to Capitol Hill. Lawmakers’ offices are gathering information after some funds enforced limits on redemptions by clients worried about incidents of alleged fraud by borrowers and the prospect that artificial intelligence might topple some companies, such as software makers. Spokespeople for Apollo, Ares, BlackRock, Blackstone, Blue Owl, Carlyle and KKR declined to comment or didn’t respond to messages seeking comment outside business hours. A spokesperson for the House Financial Services Committee Democrats didn’t immediately respond to a request for comment. Read More: Trapped in Private Credit, Investors Wait to Pull Out $5 Billion Democrats are ratcheting up scrutiny just as regulators in President Donald Trump’s administration take steps to make it easier for 401(k)s to invest in alternative assets. The Department of Labor proposed new rules for that this week. One document described to Bloomberg begins with more than two dozen general questions befo...
Energy-starved Asian nations are taking advantage of US sanction waivers to buy Russian oil to fill gaps caused by the Iran war. The Philippines took its first cargo of ESPO crude in nearly six years, while South Korea’s first Russian naphtha shipment this year has arrived at Daesan port and is awaiting discharge, according to ship-tracking data. Other countries including Sri Lanka are in talks wi...
Energy-starved Asian nations are taking advantage of US sanction waivers to buy Russian oil to fill gaps caused by the Iran war. The Philippines took its first cargo of ESPO crude in nearly six years, while South Korea’s first Russian naphtha shipment this year has arrived at Daesan port and is awaiting discharge, according to ship-tracking data. Other countries including Sri Lanka are in talks with Moscow over shipments. The war in the Middle East between the US, Israel and Iran has pitched Asia into a severe energy crunch, with the near-total closure of the Strait of Hormuz choking off supplies. The disruption has left the region’s refiners desperate to secure alternative cargoes of oil and products. “There’s no other choice,” said June Goh , an analyst at Sparta Commodities. “Refineries that do not have much flexibility will be the first to look for Russian crude, as they are relatively easy replacements for Middle Eastern supplies.” Russia has emerged as one of the beneficiaries of the war, with the conflict lifting crude prices and Washington easing long-standing curbs on its exports. The assault against Tehran — which began in late February — has also taken the global spotlight off Moscow’s invasion of Ukraine. Read More: Iran War Catapults Asia to the Frontline of a Global Fuel Crisis Asian countries are taking advantage of a pool of Russian supply made available by the waivers, which free up cargoes loaded before March 12. The US effort is meant to help contain rising oil prices, even as it has drawn criticism for boosting Moscow’s revenues. A similar step by Washington to release Iranian barrels has had less impact, with would-be buyers remaining cautious . In South Korea, it’s unclear whether local companies will be able to secure more Russian crude and naphtha as unloading and payment will have to be completed by April 11, when the US waiver expires, local broadcaster YTN reported on Tuesday, citing an official from the Industry Ministry. Naphtha is a key...