Credit Suisse sells REIT business in Brazil to Patria for around $130 mlnCredit Suisse said on Wednesday it reached a deal to sell its real estate fund management business in Brazil to asset manager Patria Investments for up to 650 million reais (around $130 million).Read more
Macroeconomic One PagerCommodity prices are up again. Why?An environment featuring higher-for-longer global interest rates is particularly inhospitable to alternative assets. Their net present value is lower because of a higher discount factor, this being precisely the negative wealth effect that is one of the results of a tighter monetary policy, which aims at slowing the domestic absorption of goods and services to bring inflation down.Read more
