Pension funds and other institutions are considering investing in problem properties via KKR, Apollo, Blackstone, and other Wall Street players. The goal: turnarounds.
A surging China elbows others, the deficit-burdened US struggles, and Brexit is in the pits.
Multiemployer pension reform has been ruled eligible to be included in the $1.9 trillion COVID-19 relief package.
Some $2.9 trillion, hoarded by rich nations’ consumers, will fuel post-virus spending, Bloomberg Economics thinks.
A suffering economy, a generous Washington, the homebound blues—all have played a role in scrambling the field over the past 12 months.