Posts by Liam Redmond
Protect investors, but give private market fund managers flexibility, industry players tell MAS
[SINGAPORE] The transparency of private market funds, the amount they charge in fees, and the methods of valuation were among key points raised in the feedback given by industry participants to the proposal by the Monetary Authority of Singapore (MAS) to broaden investor access to private assets. On Mar 27, the central bank had invited…
Read MoreTrump’s Justice Department examining pardons issued by Biden
A senior official in Republican President Donald Trump’s Justice Department told staff on Monday that he has been directed to investigate clemency granted by Democrat Joe Biden in the waning days of his presidency to members of his family and death row inmates. Ed Martin, the Justice Department’s pardon attorney, wrote in an email seen by Reuters that the investigation involves…
Read MoreSingapore hedge fund Arrowpoint capitalised on May market turmoil
[HONG KONG] Singapore’s multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer said. Since mid-April, the US$1.1 billion fund has capitalised on extreme dislocations in equities, currencies and bond curves, founder and CIO Jonathan Xiong…
Read More‘16 and Pregnant’ star Whitney Purvis’ son Weston dead at 16: ‘My worst nightmare come true’
“16 and Pregnant” star Whitney Purvis is mourning the loss of her son, Weston, who has died at age 16. Taking to social media Monday, the former reality star, 33, penned a heartfelt tribute to her “beautiful son,” revealing that the teenager had died earlier that day. “This is so hard to write. My beautiful…
Read MoreDear Abby: My wife doesn’t show me affection anymore, and I’m out of options
DEAR ABBY: I have been married for 22 years. It was a normal relationship, and I was very happy. However, over the last 12 years, my wife has changed. There is ZERO affection, no hugging, holding hands, and nothing sexual. We are like roommates. She blames it on having been molested when she was a…
Read MoreHong Leong-led consortium secures S$692 million green loan from DBS, OCBC for Tengah’s first private mixed-use project
[SINGAPORE] A consortium led by Hong Leong Holdings has secured a S$692 million green loan to finance the development of Tengah’s first nature-centric private mixed-use residential project. DBS, the anchor lender and sole green advisor for the deal, will contribute S$484 million to the green loan, the bank said on Tuesday (Jun 3). OCBC will…
Read MoreRomanian national, 26, pleads guilty to ‘swatting’ over 75 public officials, including a former US president
A Romanian national pleaded guilty on Monday to charges related to his role in a “swatting” ring that targeted dozens of public officials, including a former US president. Going by the aliases “Plank,” “Jonah” and “Cypher,” 26-year-old Thomasz Szabo took part in a years-long conspiracy to place bogus 911 calls, claiming emergencies were taking place…
Read MoreHK Express airfares dragged down by rising competition out of Hong Kong, CEO says
[NEW DELHI] An accelerating fall in the price of air tickets from recent high levels is the biggest challenge at Cathay Pacific’s budget arm HK Express, its CEO said, as competition rises after a third runway opened at Hong Kong’s airport. Many airlines, including HK Express and its low-cost rivals, are capitalising on the third…
Read MoreNew York Dragons’ entire front office resigns in stunning exodus
The New York Dragons’ entire front office resigned Monday, now-former general manager Peter Schwartz confirmed to The Post late Monday evening. Schwartz, director of operations Sean Wachter and director of business development Marilynne Rich all tendered their resignations in emails to team owner Doug Freeman, with Schwartz saying that it was the “right time to…
Read MoreCalifornia surfer comes face to face with 10-foot shark after it tosses him from board: ‘I will not get away from this’
A California surfer came face to face with a 10-foot shark when the beast knocked him off his board during a terrifying encounter that the dad feared he wouldn’t walk away from, he said. Jens Heller, 42, was trying to catch some waves at the Montara State Beach Saturday afternoon when he felt something nudge…
Read MoreFrasers unit to buy S$48 million Yishun cinema complex from Golden Village
[SINGAPORE] A wholly owned subsidiary of Frasers Property has agreed to buy a cinema complex in Yishun Central from Golden Village Multiplex and lease back the property to the cinema chain. Under a sales and purchase agreement inked on Monday (Jun 2), Frasers unit Lion (Singapore) conditionally agreed to purchase the cinema complex for S$48…
Read MoreBank of Japan urged to keep or slow bond taper pace from fiscal 2026
[TOKYO] The Bank of Japan (BOJ) received a sizeable number of requests to maintain or slightly slow the pace of tapering in its bond purchases from fiscal year 2026 onward, minutes of a meeting between the bank and financial institutions showed on Monday (Jun 2). Despite a recent spike in super-long yields, a significant number…
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