Buyout heavyweights are increasingly resorting to the old-fashioned way of making money — actually running the companies they’ve bought.

Institutional investors have grown tired of paying fees to hedge funds for what they see as “skill-less returns.”

UBS Group AG agreed to buy Credit Suisse Group AG in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global financial markets.

UBS Group will offer sustainable investments as its preferred solution for wealth management clients worldwide as the Covid-19 crisis underscores the need for more responsible financing.

Volatile markets and the economic fallout from the virus could wipe out as much as $16 trillion of global wealth this year and hinder growth for the next five years, according to a study.