Nuveen Investments Inc., the asset manager owned by Madison Dearborn Partners LLC, agreed to buy the stock and bond funds of U.S. Bancorp's FAF Advisors unit for $80 million in cash and a 9.5 percent stake in Nuveen.
Ms. Boesky will work on developing business with institutional investors and strengthening the bank's relationships with clients
To deal with a rising-rate environment, the fund manager has built a 44% position in bonds that have yields that adjust in relation to the London Interbank Offered Rate.
Mr. Wordell believes credit issues are declining and an improving economy will help financial firms develop more operating leverage, while the appeal of the industrial sector follows the theme of a “massive global infrastructure spend-out over the next 20 years.”
Both sovereigns are facing economic woes. Both are facing huge budget gaps. But only one is facing runaway borrowing costs
AllianceBernstein LP named Sharon Fay, a 20-year company veteran, chief investment officer of equities to replace Lisa Shalett.
Monthly sales of bank annuities have been declining steadily since climbing to a 2009 high last March.
The 2010 Moss Adams/InvestmentNews financial performance study of advisory firms officially launched today.
After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans.
