East Greenwich

BlackRock Has Alternative to Money Funds: Credit Markets

BlackRock Inc. and Western Asset Management Co. are offering a new twist on traditional money- market funds as regulators are set to impose sweeping changes on the $2.58 trillion industry.

Tamerlan Tsarnaev’s Family Crumbled Before Boston Bombs

Tamerlan Tsarnaev attracted attention around the boxing rings he loved. In 2009, it was for showing up at a Golden Gloves tournament in leather pants and snakeskin boots. About a year later, it was for kneeling beside a gym treadmill on a prayer blanket.

Pimco’s Rising Stars Pull in Money for Future After Gross

Pacific Investment Management Co. is becoming less dependent on Bill Gross, preparing for an eventual future without the world’s best-known bond investor and adding pressure on its rising stars to live up to his legacy.

U.S. Stock Funds Have First Withdrawals Before Dow Record

Investors pulled money from mutual funds that buy U.S. stocks for the first week this year, just before the Dow Jones Industrial Average hit a record.

Western’s Leech to Succeed Walsh as Chief Investment Officer

Western Asset Management Co., the $462 billion bond unit of Legg Mason Inc., said S. Kenneth Leech will become chief investment officer next year to succeed Stephen Walsh, who will retire.

Artisan Partners Raises $332 Million Pricing IPO Above Range

Artisan Partners Asset Management Inc., the Milwaukee-based money manager that withdrew plans to go public in 2011, raised $332 million in an initial public offering, pricing the shares above the marketed range.

Performance Tops Pedigree in Money Managers’ Fortunes

Virtus Investment Partners Inc. and Artio Global Investors Inc. set out on their own in 2009 within nine months of one another. The paths of the two money managers couldn’t have been more different.

Janus Joins BlackRock to Goldman Marketing Low-Risk Funds

Janus Capital Group Inc., the money manager that made its name placing big bets on stocks, is trying something new to stem a five-year customer exodus.

Artisan Partners Jumped After Pricing Initial Offer Above Range

Artisan Partners Asset Management Inc., the Milwaukee-based money manager that withdrew plans to go public in 2011, jumped in trading after pricing its initial public offering above the proposed range.

Artisan Makes Second Run at IPO With Dow at Record

Artisan Partners Asset Management Inc., the Milwaukee-based money manager that withdrew plans to go public in 2011, is making a second attempt after a stock- market rally whetted investor appetite for equity funds.

New York

Investment Company Institute

Commuter Train Wreck Injures Dozens, Curbs Amtrak Service

North Korea Fires 3 Short-Range Missiles as South Watches

Republicans Unsatisfied by IRS Answers Press for More

Chiesi Swaps Cell for Halfway House After Insider Scandal

Tesla’s Musk Channels Iacocca With Early U.S. Repayment