Marc Filippino

It's an Emirati company that's a big player in container shipping and port terminals.

This is all according to sources familiar with the matter.

The U.S.

president set up the Board of Peace earlier this year to oversee rebuilding the Gaza Strip.

Israeli strikes raised it and killed over 70,000 people in Gaza, according to health authorities in the Strip that was in response to Hamas's attack on Israel in October 2023.

Rebuilding Gaza will cost more than $70 billion over the next 10 years, according to a joint report by the EU, UN, and the World Bank.

But since the ceasefire between Israel and Gaza began last fall, the humanitarian situation in the Strip is still dire.

Israel continues to restrict essential goods from entering, and no reconstruction has begun.

Banks and other wealth managers have reaped big benefits from the private credit boom.

That's according to an FT analysis of the industry's regulatory filings.

Funds managed by Blackstone, Blue Owl, Apollo, and others have generated more than $2 billion in servicing fees since 2017.

And they've done it by steering wealthy individual investors into private market funds.

It's a place many retail investors are now trying to flee.

I'm joined by the FT's Antoine Garra to talk more about this.

Hi, Antoine.

Doing well.

So, Antoine, what does this data tell us?

Okay, so why are retail investors the ones that are being pushed into these funds?

What are the groups, the ones that manage these funds, have to say about this trend?

Antoine, what would you say is the one big thing that you've taken away from this story?