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...
The chairman of UK giant BAE Systems says defence spending will keep rising around the world, as he also defends the reputation of private equity. One of private equity giant KKR’s senior global advisers says it’s wrong to besmirch the reputation of...
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...
Amazon isn’t the only force disrupting consumer goods and retail companies. Consumers, especially millennials and Generation Z, are putting a higher priority on sustainability and social issues when they shop. A handful of companies stand out on this front, which...
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...
