In response to the declining status of Hong Kong as an international financial hub, expanding family offices (rich people setting up private companies to manage investment) has become one of the critical performance indicators (KPI’s) for the Hong Kong government. With border clearance by China nowhere in sight, Hong Kong officials choose to find their…

GREENWICH, Conn.—Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world’s biggest hedge funds, said a “perfect storm” is forming that will spread economic pain as the U.S. Federal Reserve raises interest rates. Dalio, who handed over control of the $150 billion firm to a new generation of investors this month,…

Commentary Envision a country in which “the state runs capitalism to serve the interests of most people” and our politicians won’t let “rich capitalists stand in the way of doing what they believe is best for the most people of the country.” That sounds a lot like Bernie Sanders or Alexandria Ocasio-Cortez describing their far-left…