The gathering of hedge fund chiefs at a luxury hotel in the United Arab Emirates came against the backdrop of tariff-driven turmoil that’s roiled global markets and triggered losses at firms that, just weeks earlier, had been staunchly bullish on President Trump’s economic agenda.

The investment office for Brazil’s Moreira Salles family has hired Paul Levi as head of trading at a newly created division.

Amid market volatility, tariff tensions and a weakened dollar, family offices are increasingly turning to gold as a haven in their portfolios. 

Junjie Zhang’s Chagee Holdings Ltd. is set to list on the Nasdaq on Thursday. The initial public offering raised $411 million.

President Trump’s eldest son and daughter-in-law took a stake in a right-wing Christian radio network, spurring a sharp rally in the stock and involving the family in a market associated with opaque, buyer-beware companies.

With markets in chaos and tariff threats upending the global economy, family offices are increasingly drawn to alternative investments — including the small credit niche of venture debt.