The New York-based hedge fund manager seeks $2 billion in IPO.
Fund managers are keeping their powder dry, saying "nothing is really cheap" right now.
Robert Rodriguez, CEO of First Pacific Advisors, wouldn’t touch high-yield bonds with “a 500- or a 1,000-foot pole.”
Commerce Bank N.A. of Cherry Hill, N.J. has announced the departure of chairman and CEO Vernon W. Hill.
AllianceBernstein’s chief investment officer warned today that investors must be prepared for lower returns in equities and bonds.
JPMorgan Chase & Co. plans to double its proprietary investments in Indian firms over the next six to 12 months.
Fidelity has bought back preferred shares from stockholders, possibly paving the way for a new ownership structure.
As Bear Stearns bails out its sinking hedge fund, another threat looms: lawsuits from angry investors, Reuters said.
On average, every dollar that funds spend on trading costs translates into a roughly 42-cent reduction in fund value, Virginia Tech Professor Gregory Kadlec said today.
LaSalle Bank is cutting 100 more jobs than previously announced, but none of the additional reductions will come from the Chicago area.
