The UK Local Government Pension Scheme (LGPS) is the nation’s biggest steward of public sector retirement savings by membership, responsible for nest eggs almost 6 million members worth 275 billion pounds. So the revelation that it’s under pressure from the government to shift more of its money into passive products should be a wake-up call to a stock-picking industry still ...

They built him up. And now they want to bring him down. SoftBank Group Corp.’s sudden turn against WeWork CEO Adam Neumann highlights how the Japanese conglomerate has wielded far more dollars than sense in its investment strategy. Officials tied to SoftBank want Neumann to step down as CEO, according to reports over the weekend. SoftBank and its Vision Fund ...

Bloomberg US equity-index futures dipped while stocks slumped in Europe and Asia as investors weighed the deepening political gridlock in Washington against prospects for reduced trade tension between America and China. The dollar advanced and oil fell. Contracts for all three main equity gauges signalled more declines at the New York open as traders grappled with the impeachment investigation into ...