- Wealthy Investors Pile into Private Equity to Escape Stock Volatility “Private-fund managers say inflows of money from wealthy individual investors have increased this year, and asset managers expect the trend to continue as higher interest rates and inflation weigh on publicly traded assets. With the S&P 500 down about 17% and U.S. aggregate bond indexes falling about 8% this year through May 25, stock and bond mutual funds have begun seeing outflows of tens of billions of dollars a week, according to data from the Investment Company Institute, the main lobbying group for fund managers.” (The Wall Street Journal)
- Gen Zers Are Buying Homes. Here’s Where They’re Looking. “According to a report from LendingTree, the online lending marketplace based in Charlotte, N.C., members of Generation Z — identified by the platform as people born between 1997 and 2012 — accounted for 10 percent of home buyers across America’s 50 largest metro areas in 2021. Researchers scanned mortgage offers to more than 890,000 users of the LendingTree platform and isolated borrowers ages 18 to 24 as a percentage of the total number of offers. The larger the share of requests from Gen Zers in a particular metro, the higher its ranking.” (The New York Times)
- Angelo Gordon Raises $3.1B for Credit Solutions Fund “The massive fund just closed by Angelo Gordon is the latest in a years-long series of initiatives that position the alternative investment fund to serve challenging liquidity situations. Over the past three years, the alternative investment firm has raised more than $11 billion for its all-weather distressed and special situations platform. The most recent milestone, announced earlier this week, was the final close of its AG Credit Solutions Fund II LP with $3.1 billion of equity commitments.” (Commercial Property Executive)
- There’s ‘No Right Answer’ on Hybrid Working, Leaders at World’s Top Staffing Firms Warn “The world's top staffing firms — the Adecco Group and ManpowerGroup — have warned against the risk of generalizing hybrid work. In interviews with Insider at the World Economic Forum in Davos, Switzerland, leaders from both companies said hybrid working is not a one-size-fits-all policy and there is no real "right answer" on how to implement it.” (Insider)
- How Common Is Supply Chain Disruption? “A new survey of senior executives reveals the extent to which businesses are facing supply chain disruption. The 2022 Blue Yonder Supply Chain & Logistics Executive Survey of senior execs across manufacturing, retail, third-party logistics (3PL), transportation, and warehousing reveals almost all (88%) respondents faced disruption over the last year. More than one-quarter (26%) faced significant disruption.” (Chain Store Age)
- First Look: Amazon’s First-Ever Physical Clothing Store Opens “The approximate 30,000-sq.-ft., two-level store — Amazon’s first brick-and-mortar location dedicated to apparel and accessories — is located at The Americana at Brand, an upscale lifestyle center in Glendale, Calif. Featuring a sleek, modern design, Amazon Style offers men’s and women’s apparel from a wide assortment of popular and premium brands that range from Calvin Klein and Levi’s to Vince, Equipment and Theory. The selection also includes brands never before featured in a physical store, such as CRZ Yoga, and top Amazon brands including Amazon Essentials, The Drop, Amazon Aware and more.” (Chain Store Age)
- Workers Are Winning the Return-to-Office Tug of War “Businesses are desperate to get employees back in the office. But workers don't want to go back — and their resistance is reshaping what the office looks like.” (Bisnow)
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