Bloomberg Ares Management Corp. has raised its largest European real estate fund yet, with plans to target distressed and poorly managed assets. Ares EF V gathered 1.78 billion euros and will be managed by the firm’s property unit, Ares Real Estate Group, headed by Bill Benjamin, company executives said. About 40% has already been committed to nine investments including a ...

Bloomberg Fallout from a deadly wildfire that swept across Northern California in 2017 and pushed PG&E Corp. towards bankruptcy has returned to once again haunt the utility giant, pummeling its shares. A US Bankruptcy judge lifted a freeze on $18 billion in legal claims tied to the blaze, which killed 22. While state investigators cleared PG&E of responsibility for the ...

Bloomberg British manufacturers recovered slightly in August but export demand remains weak, according to a survey by the Confederation of British Industry. Small to medium businesses suffered more than large ones. Around half of those with fewer than 500 employees said order numbers were below par, compared to just 6% of larger companies. Industrial output was dragged heavily by paper, ...