SEC proposes performance fees for retail funds in private markets push
US securities regulator seeks to widen access to alternative assets and overhaul fund fee rules
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AI voice start-up ElevenLabs doubles valuation to $22bn
Existing investors and employees at speech-generation software company sell $300mn worth of stock
Bond markets steady after sell-off despite strong US data
Oil prices rise after falling earlier in the day
Private sector jobs rose by 90,000 in September, better than expected, ADP reports
Private job creation picked up in September after a brief slowdown.
AI debt surge raises risk of sharp market correction, warns Bank of England
Governor says regulators ‘cannot stand aside’ and assume AI industry will resolve the risks it presents to financial system stability
KKR warns of growing credit market risks from AI borrowing spree
Investment firm wary of risks of ‘overexposure’ and ‘concentration’ and predicts broader volatility if there is a downturn in booming sector