The sovereign-debt crisis in Europe has opened the door for contrarian investing in global fixed income, according to Michael Hasenstab, co-director of fixed income at the Franklin Templeton Fixed Income Group and manager of the $30 billion Templeton Global Bond Fund Ticker:(TPINX).
A federal judge has upheld a $1.47 million arbitration award given last fall to former NBA star Horace Grant for losses he sustained on investments in failed Regions Morgan Keegan Select bond funds.
Traxis Partners LLC's Barton Biggs sold almost all his U.S. technology shares last week.
Based on evidence that has always and only been observed during or immediately prior to U.S. recessions, the U.S. economy appears headed into a second leg of an unusually challenging downturn.
Legg Mason Inc.'s Bill Miller said the U.S. stock market, which has dropped 12 percent from its April high on concerns Europe's debt crisis may spread, will rise after the region's banks complete stress tests.
Bank of New York Mellon Corp. named Lawrence Hughes head of its wealth-management unit, replacing David Lamere, who resigned.
Legg Mason Inc. plans to eliminate 350 jobs to cut costs and buy back $1 billion in shares after suffering the biggest losses among publicly traded money managers during the credit crisis.
U.S. stocks could jump as much as 20 percent, led by technology companies, as the global economy rebounds from Europe's debt crisis, said Barton Biggs.
Matthew Gelfand, former Fed hand, signs on with family office firm
Critics say plan to treat all life settlements as securities will shrink the industry – or worse; others say that's hooey
