Tesla Marks the Latest High-Profile Bet for Saudi Wealth Fund
August 21, 2018

Saudi Arabia’s purchase of a stake of about $2 billion in Tesla Inc. is only the latest high-profile investment by its sovereign wealth fund since 2016.

The Public Investment Fund built up a less-than 5 percent stake in the electric Continue reading

Rich Asians Give Deutsche Bank Crazy Growth Potential
August 21, 2018

In Deutsche Bank AG Chief Executive Officer Christian Sewing’s push to get back into growth mode, there’s one specific business in which there are pretty much no hiring limits.

The private bank in Asia is still recruiting, even after bringing Continue reading

As Tesla ConsidersGoing Private, Wall Street Wonders How
August 14, 2018

Elon Musk might have a clear plan for taking Tesla Inc. private. Analysts aren’t convinced.

Reactions to the chief executive officer’s tweet Tuesday that he was considering going private have widely varied on Wall Street. While some analysts say the Continue reading

Musk’s Go-Private Proposal to Be Pored Over by Tesla’s Board
August 12, 2018

Tesla Inc.’s board is forging ahead with its review of Elon Musk’s bold and ambiguous gambit to take the electric-vehicle maker private.

Directors plan to meet financial advisers next week and are likely to tell Chairman Elon Musk to Continue reading

Welcome to Waltonville, Where the Worlds Richest Family Reigns
July 10, 2018

The largest family fortune on earth is run out of two floors of unmarked suites in Bentonville, Arkansas.

The building is a discreet nerve center for the Walton family’s $152 billion hoard. There are plenty more overt signs of their Continue reading

$1 Trillion Fund Committed to U.K. No Matter What Brexit Outcome
March 28, 2018

The world’s biggest sovereign wealth fund will continue to invest in the U.K. no matter what the outcome of Brexit talks.

“We remain a long-term and committed investor in the U.K. in all asset classes,” Norges Bank Investment Management’s Chief Continue reading

For Chinas Wealthy, Singapore Is the New Hong Kong
February 11, 2018

When more than 80 of China’s wealth managers gathered recently at the Shangri-La hotel on Singapore’s resort island of Sentosa, the chatter during tea breaks kept returning to one theme: Hong Kong is starting to be eclipsed by Singapore as Continue reading