Bloomberg The Kuwait Investment Authority, which describes itself as the world’s oldest sovereign wealth fund, is targeting global infrastructure projects after taking part in a consortium that bought the London City Airport this year, Chairman Anas Al-Saleh said. The fund has shied away from purchasing trophy assets, focusing on deals that “give us our targeted returns,” Al-Saleh, the country’s ...

  Bloomberg Brigitte Blackman, a real estate agent in inner Sydney, says her property listings have slumped 20 percent from a September peak, and the phones at her Potts Point office are no longer ringing off the hook. As Australia barrels toward elections on July 2, political uncertainty is weighing on the nation’s A$6.4 trillion ($4.7 trillion) housing market. With ...

  Bloomberg New York’s financial regulator has issued subpoenas to two companies with ties to Apollo Global Management LLC as part of an inquiry into housing transactions for low-income buyers. The New York State Department of Financial Services subpoenaed ARM Manager LLC, an indirect Apollo subsidiary, and the real estate investment trust it manages, Apollo Residential Mortgage Inc., asking for ...