First-quarter earnings hit $1.07 billion, the second highest level ever, a gain of $993.3 million from a year ago.
American International Group could hold an emergency meeting this weekend to discuss the future of chief executive Martin J. Sullivan, CNBC reported Friday.
Two-thirds of asset managers surveyed are planning to develop blended alternative investments or products.
Total assets at the end of the month were $612 billion, according to State Street Global Advisors.
Inflation rose 0.6% in May as skyrocketing food and energy prices boosted inflation by the largest amount since November.
A former SAC Capital Advisors LLC trader accused of workplace harassment is looking to raise $500 million for his own hedge fund.
Ex-hedge fund manager Samuel Israel III disappeared Monday, hours before he was to begin serving a 20-year sentence.
“We’re not going to move [the bill],” said Rep. George Miller, D.-Calif. “We don’t see the president signing it.”
