Investors’ search for higher yields and Wall Street’s shift to a new interest-rate benchmark powered a record year in sales of collateralized loan obligations—securities made of bundles of low-rated corporate loans. Asset managers including Ares Management and PGIM...
The Federal Government says it expects $40bn in private capital investments in digital infrastructure by 2025. The government disclosed this in its ‘National Development Plan 2021-2025: Volume I.’ It said, “To achieve the goals outlined in the sector, the estimated...
One of Britain’s most acquisitive insurance companies has struck a £400m deal to snap up the group which distributes policies for the likes of Marks & Spencer and the RAC. The price being paid by Markerstudy, which is expected to be funded in part by a...
The former chief executive officer of Sony Computer Entertainment America, who helped make the PlayStation a popular gaming console, is leading a $225 million special-purpose acquisition company that’s pursuing a deal in the video game industry. Jack Tretton, who...
Assets held by the world’s sovereign wealth and public pension funds rose to a record $31.9 trillion in 2021 thanks to rising U.S. stock and oil prices, and investments rose to their highest for several years, an annual report released on Saturday showed. The... 