The world’s second-largest sovereign wealth fund is playing a dangerous game. China Investment Corp. aims to have as much of 50% of its portfolio in alternative assets by the end of 2022. That means the $941 billion fund is diving deeper into illiquid investments including real estate, infrastructure, hedge funds and private equity just as such trades are becoming increasingly ...

With crowds taking to the streets to call for action on climate change and activists haranguing the United Nations, the issue of global warming is once again front and center. The equivocation of former years seems belatedly to be giving way to a general realisation that something must be done. The effort will be sweeping and global, and starting now ...

Fear has taken control in the bidding war for German lighting group Osram Licht AG. A raised bid of 4 billion euros from AMS AG is well above what the target’s shareholders appeared happy to accept and what rival bidders had put on the table. Osram shareholders win. For AMS’s investors and staff, the risks have substantially increased. The sweetener ...