Mark Walter, who sold his ownership stake in the Los Angeles Lakers and may be looking to unload his shares of Chelsea Football Club, continues to cut back amid a federal investigation. TWG Global, Walter’s holding company, said on Tuesday it had agreed to cut up to $6.5 billion of Delaware Life Insurance Co’s investments in his businesses. The billions in swaps would be related-party investments for an equivalent amount of assets classified as independent, according to Reuters. "The Group 1001 insurance companies are working with the Delaware Department of Insurance to address the identified...