Ukraine’s benchmark dollar debt gained for the first time in four days after Franklin Resources Inc., the biggest holder of the notes, said it was encouraged by the government’s policies to deal with an economic crisis.
Conning & Co., the money manager controlled by Jeff Greenberg’s Aquiline Capital Partners LLC, is adding about $6 billion in assets from Brookfield Asset Management Inc. as the seller exits the business of overseeing funds for insurers.
Seven years after selling shares to the public at the height of the buyout boom and then watching them slump, Stephen Schwarzman’s Blackstone Group LP is rewarding investors with the top gains among money managers.
Kyle Bass says there’s still money to be made lending to Argentina, a deadbeat country with few peers in history. The hedge-fund manager is the latest example of international investors pursuing riches where crises over 200 years ruined most of its citizens.
The largest holders of Puerto Rico bonds are betting that a planned debt sale by the commonwealth will fuel a rally in its securities by alleviating doubts the U.S. territory can raise funds in the capital markets.
Franklin Resources Inc.’s biggest funds purchased Ukrainian bonds in the fourth quarter, adding to holdings that made the asset manager the country’s largest debtholder before growing violence spurred unprecedented losses.
Franklin Resources Inc. , manager of the Franklin and Templeton mutual funds, raised its quarterly dividend 14 percent to 25 cents per share, its 30th straight year of boosting its payout to shareholders.