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Cliffwater’s retail-facing flagship private credit fund received redemption requests equal to 17% of the fund in Q2 and has imposed withdrawal limits, capping redemptions at 5% of outstanding shares for the quarter. The fund is about $31bn. The actio

2026-06-03

Cliffwater’s retail-facing flagship private credit fund received redemption requests equal to 17% of the fund in Q2 and has imposed withdrawal limits, capping redemptions at 5% of outstanding shares for the quarter. The fund is about $31bn. The action highlights accelerated investor exits from private credit after nine months of heavy redemptions amid asset-quality concerns in loan portfolios; selling has intensified recently as investors worry AI could disrupt heavily financed software companies in the sector.

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2026-06-03

Hong Kong technology stocks extended intraday losses: Meituan (03690.HK) down more than 6%, Kuaishou (01024.HK) and Bilibili (09626.HK) down over 5%, Tencent Holdings (00700.HK) and JD.com (09618.HK) down over 4%.

Hong Kong technology stocks extended intraday losses: Meituan (03690.HK) down more than 6%, Kuaishou (01024.HK) and Bilibili (09626.HK) down over 5%, Tencent Holdings (00700.HK) and JD.com (09618.HK) down over 4%.
2026-06-03

According to the Islamic Republic of Iran Broadcasting (IRIB): Multiple explosions have occurred in Erbil, Iraq.

According to the Islamic Republic of Iran Broadcasting (IRIB): Multiple explosions have occurred in Erbil, Iraq.
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