Schneider Electric SA, the world’s biggest maker of low- and medium-voltage equipment, reported first-quarter sales that beat analyst estimates, helped by acquisitions and demand in China and emerging markets.
Discovery Capital Management LLC, the $15 billion macroeconomic hedge-fund firm run by Robert Citrone, slumped in April to bring its losses this year to 12 percent, according to an e-mail the firm sent to investors.
Emerging Sovereign Group LLC, the $5 billion hedge-fund firm owned by Carlyle Group LP, posted losses this year in two of its funds after wrong-way bets on emerging markets, Europe’s recovery and U.S. Treasuries.
Ares Management LP, the asset manager whose private-equity investments include Neiman Marcus Group Ltd. and Jacuzzi Brands Corp., is seeking to raise as much as $418.4 million in its U.S. initial public offering.
Anheuser-Busch InBev NV’s $5.8 billion purchase of Oriental Brewery Co. has vaulted Deutsche Bank AG to the top of South Korea’s merger league table, putting the firm on course for a record advisory year in the country.