Ant Financial to Raise a $1 Billion Startup Investment Fund

Ant Financial to Raise a $1 Billion Startup Investment Fund

Billionaire Jack Ma’s Ant Financial is planning to raise about $1 billion for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said. The...
Carlyle, T&D Buy Majority Stake in AIG Firm for $1.8 Billion

Carlyle, T&D Buy Majority Stake in AIG Firm for $1.8 Billion

Carlyle Group LP is doubling down on insurance assets, increasing its stake in an American International Group Inc.-owned firm. Carlyle and T&D Holdings Inc., the parent of one of Japan’s largest life insurers, agreed to buy the majority of Fortitude Group Holdings...
A $130 Billion Portfolio Is Under Review at Top Nordic Fund

A $130 Billion Portfolio Is Under Review at Top Nordic Fund

The biggest pension fund in the Nordic region may rejig its $130 billion portfolio to help it cope with long-term negative interest rates. ATP, which is based north of Copenhagen, says it’s doing a “comprehensive” review, and there are “big decisions” ahead, Chief...