The wife of tech billionaire Forrest Li is set to acquire a mansion in one of Singapore's most coveted residential areas, even as the luxury property market remains in a lull.
BlackRock Inc. laid out plans for its first mutual fund-to-ETF conversion this week, joining a growing list of asset managers who have made the jump amid a one-way flood of cash between the structures.
Bond powerhouses including Pacific Investment Management Co., BlackRock Inc. and Capital Group are dangling the prospect of 5% yields to convince investors it's time to plow more assets into actively managed fixed-income funds. Clients are paying ...
Steep increases in wealth and dividend taxes by Norway's left-leaning government have prompted dozens of the Nordic nation's rich to move to another prosperous, mountainous country to the south.
Joe Lewis' superyacht is on the move again after spending most of the past year holed up in a Mediterranean port while the British billionaire faced insider-trading charges in the US.
Ken Griffin's Citadel and Citadel Securities will move their London base to a new office tower on the edge of the City of London, a major expansion of their space in the latest sign of the firm's growing heft.
Some of the richest people in South Korea may be among the biggest losers from elections last week that all but ended a proposal to cut one of the highest inheritance tax rates in the developed world.