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Bogotá limits water use and Quito schedules daily power cuts to cope with historically low rainfall

Power outages in São Paulo reflect chronic underinvestment in country’s infrastructure

The glitz that once attracted the likes of Frank Sinatra has faded but now the town has a shot at reviving its fortunes

Deal is latest move by chief Larry Fink to accelerate group’s expansion into alternative assets

Launches go against the flow of money going into strategies intended to protect investors from overconcentration

Firms strike deal to offer model portfolios of alternative assets to rich individuals

Regulator’s rules are part of broader effort to rein in power of largest fund managers

Plus, the ‘Wild West’ of family offices, star traders’ succession issues, and Renaissance Siena at the National Gallery

Move to sweeten pay package comes as banks and asset managers have started to emulate private equity practices

The manager joins a list of more than 30 hoping to adopt the ETF-mutual fund structure that Vanguard invented