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  • Maureen Farrell

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What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained

Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities.

Blackstone Still Bullish on A.I. Data Centers Despite DeepSeek

Blackstone, a major global investor in data centers that run A.I. systems, expects use of the technology to rise as the cost of computing power...

BlackRock Acquires HPS, a Major Lender of Private Credit

The world’s largest investor is buying HPS, a major provider of private credit, for $12 billion.

Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.

Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.

The Secretive Dynasty That Controls the Boar’s Head Brand

The deli-meat company made its owners fabulously wealthy. But they have remained silent, even as the company faces the biggest scandal in its history.

Carl Icahn, Activist Investor, Faces Intense Scrutiny From Wall Street

The 88-year-old activist investor’s stake in his own company has fallen by nearly $20 billion. Mr. Icahn said that he was “absolutely not selling.”

Two Sigma Hedge Fund Replaces John Overdeck and David Siegel as Co-C.E.O.s

The multibillion-dollar trading firm said that its billionaire co-chief executives, John Overdeck and David Siegel, would step down.

Private REITS Were a Hot Investment Trend, but They’ve Lost Some Appeal

Drawn by the opportunity to invest with private equity firms, small investors rushed into real estate investment trusts. But the funds have lost some appeal...

Bill Ackman Abruptly Withdraws Planned I.P.O.

The announcement came a day after he had scaled back the expected size of the offering.

Bill Ackman Scales Back Multibillion-Dollar Fund I.P.O.

An investment fund from William Ackman aims to raise around $2 billion, according to a regulatory filing, a fraction of what was originally envisioned.