July 9 – Daily Brief of World Finance & GCC News

WORLD FINANCE NEWS BRIEF

The Hottest Hedge-Fund Strategy Faces an Existential Crisis by bloomberg.com

Lansdowne Partners this week shuttered the long-short equity fund that made it famous, raising fears about the future of peers who make money by betting on winning stocks and shorting losers.

the arrival of a deadly pandemic that’s pummeled the world’s economies can’t work in short-sellers’ favor, then what can?

Investors diversify into hedge funds because the ability to short helps soften the blow from declining share prices.

Why Singapore Has One of the Highest Home Ownership Rates by bloomberg.com

More than 80% of the population live in government-built flats.

The government’s answer in 1960 was to set up the Housing Development Board, tasked with rapidly increasing the supply of homes for the poor to rent.

While the government’s action helped solve the housing crisis, it was the decision to begin offering subsidized flats for sale in 1964 that laid the foundation for Singapore’s real-estate success.

While many governments have focused public housing programs on the poorest members of society—often allowing the austere concrete blocks to deteriorate into urban slums—Singapore recognized that these homes represented the biggest stake its citizens had in the prosperity of the country.

TikTok Takes on Crypto With Dogecoin Soaring 40% in 24 Hours by bloomberg.com

Dogecoin is a cryptocurrency jokingly established in December 2013 that features the bygone Doge meme as its logo.

Among the latest in an endless series of TikTok trends, users are encouraged to invest in the currency.

Even the owner of the Dogecoin Twitter account is warning investors to be cautious.

GCC NEWS BRIEF

Dried Beef Market to Witness Stunning Growth by menafn.com

Key questions answered in the report –

  1. Who are the Leading key players and what are their Key Business plans in the Global Dried Beef market? 
  2. What are the key concerns of the five forces analysis of the Global Dried Beef market? 
  3. What are the different prospects and threats faced by the dealers in the Global Dried Beef market? What are the strengths and weaknesses of the key vendors?

Arabic Audiobook Startup Kitab Sawti Gets Acquired by Storytel by menabytes.com

The financial details of the transaction were not disclosed

Storytel which currently has a market cap of about $1.5 billion (SEK 13.81 billion).

It had raised and serves over $8.5 million in funding to date

About the author

Financial advisor to UHNWI, private entities, family offices, and companies. Certified Anti-Corruption Manager from The American Anti-Corruption Institute

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