Insights
Perspectives on wealth, markets and structure
Occasional, considered commentary from the Tigris team. For general information only — nothing here is investment advice.
The AI investment cycle is entering a more demanding phase
The AI Boom Is Becoming a Balance-Sheet Test For much of the artificial intelligence boom, capital expenditure was interpreted as a signal of strength. The companies buying the…
Asia Private Credit’s Fundraising Slump Is Not the Same as an Opportunity Slump
Asia private credit Asia private credit fundraising has collapsed to its weakest level in more than a decade, but a fall in capital raised is not evidence that…
Private Credit PIK Loans Were Underwritten for a Rate Cut. The Market Is Now Pricing a Hike.
Private credit PIK loans are increasingly created by amendment rather than at origination, and almost all of those amendments were underwritten on the assumption that interest rates would…
When the Price of Intelligence Falls: What Cheap Chinese AI Would Mean for US Growth
The Fear, Stated Plainly Cheap open-weight Chinese AI models are unlikely to cause a US recession by destroying subscription revenue. That channel is too small. The genuine risk…
Euphoria or Exhaustion? S&P 500 and Nasdaq Hit New Highs — But for How Long?
The Market’s High-Flying Moment On July 24, 2025, both the S&P 500 and Nasdaq Composite closed at all-time highs. For many investors, this milestone is cause for celebration…
U.S. debt and de-dollarization
The Dollar Is Cracking: War, Debt, and the End of U.S. Financial Dominance? In 2025, the world is watching a dangerous convergence: U.S. debt and de-dollarization, with…
Will the U.S. Back Israel? Market Implications of a Defining Choice
The unfolding decision on whether the U.S. backs Israel in escalating tensions with Iran is reverberating across global markets. With former President Trump signaling that his judgment could…
Crypto Confidence Cracked: Can the Industry Survive Its Own Dark Side?
The Largest Crypto Seizure in U.S. History In 2024, the U.S. Department of Justice carried out the largest digital asset seizure in American history, confiscating over $225.3 million…
Hawkish June FOMC Meeting: What It Really Means for Markets
Hawkish June FOMC Meeting: What It Really Means for Markets Meta description: The hawkish June FOMC meeting surprised markets with inflation concerns and reduced rate cuts. What does…
Oil Shocks, Missiles, and Market Crossroads: Why This Week May Redefine Risk
Oil Shocks, Missiles, and Market Crossroads: Why This Week May Redefine Risk The sudden escalation between Israel and Iran over the weekend has thrust global markets into a…
Articles are published for general information only and do not constitute investment, legal or tax advice. Tigris Asset Management Pte. Ltd. holds a Capital Markets Services Licence (CMS101520) issued by the Monetary Authority of Singapore for fund management.