CalPERS’ market value has reached $500bn for the first time, a new landmark for the nation’s largest pension fund. Pension plan statistics show the retirement plan reached $501.63 billion as of Monday night, following a 1.4% increase in the S&P 500 stock index and...
Institutional investors are expressing confidence in the projected market conditions of 2022, but they also think individual investors are carelessly speculating on high-risk investments. In fact, nearly half of institutional investors expect economic growth to return...
Chris Nassetta, Hilton President and CEO, reflects on how Blackstone Inc. brought him on to run the hotel chain in 2007 just before the Great Recession. Blackstone bought the company for about $26 billion. He is interviewed by David Rubenstein, Co-Founder and former...
Long-standing supporters of Chelsea FC are more than familiar with the vicissitudes of billionaire ownership. Roman Abramovich, the Russian energy tycoon and former friend of Vladimir Putin, has been at the helm for almost two decades during which managers and coaches...
Raids on British defence companies have sparked fears a crucial industry will be hollowed out. The UK has the second-biggest aerospace and defence sector in the world. But swoops on firms including Ultra Electronics and Meggitt have increased fears that this is in... 