Bloomberg Shake Shack Inc., which has tantalized investors with promises of rapid growth, may have its expansion plans hindered by weaker real estate skills. The burger chain doesn’t have the management experience or information needed to pick prime locations, according to a Bloomberg Intelligence study from analytics provider Fishbowl. Newer Shake Shack locations were in areas that scored lower ...

  Bloomberg The University of Michigan’s endowment has bolstered its alternative assets with more than $100 million in commitments to venture capital and real estate funds. Michigan also plans a new commitment of $50 million, subject to approval, to CD Capital Natural Resources Fund III, a London-based pool that will invest in early-stage mining opportunities, according to the agenda for ...

  Bloomberg The unexpected rebound in China’s steel market this year is set to keep rolling because record output by mills has so far failed to replenish inventories as the government cranks up stimulus to boost growth. Stockpiles of steel reinforcement bar, used in construction, sank for a sixth week, contracting 6.8 percent in the period to April 18 in ...