Matt Ackermann
Director of Digital Content at InvestmentNews. Twitter: @acketyack
Director of Digital Content at InvestmentNews. Twitter: @acketyack
Private equity funds are probably too complicated for the average investor's retirement account, according to Principal Financial Group Inc., which provides the plans to 3.8 million people.
Seven of the 15 U.S. takeover bids worth more than $10 billion since January 2013 were initiated by firms founded and controlled by one of the 200 wealthiest men in the world, according to data compiled by Bloomberg.
Warren E. Buffett, in his annual letter to shareholders of Berkshire Hathaway Inc. last week, said the best investment he ever made was buying a copy of “The Intelligent Investor” by Benjamin Graham. The billionaire isn't the only prominent investor who considers that purchase money well spent.
Deutsche Bank AG's asset management unit has started the first U.S.-based exchange traded fund that allows investors to buy Chinese stocks trading in both the domestic and foreign markets.
Lazard Ltd., the largest independent financial-advisory firm, reported a surge in first-quarter profit that beat analysts' estimates as revenue from advising on mergers doubled.
