Howard Chen

Apollo Beats KKR to Carlyle After Rally: Riskless Return

Apollo Global Management LLC is the top-performing stock among publicly traded alternative-asset managers as Chief Executive Officer Leon Black demonstrates that reaping gains from buyout holdings while raising new investment funds is the key to pleasing stockholders.

Carlyle First-Quarter Profit Rises 0.5% on Markets Gains

Carlyle Group LP, the world’s second- largest manager of alternative assets such as private equity and real estate, said first-quarter profit rose 0.5 percent as the firm collected more fees from investors for managing their money.

Morgan Stanley Shares Fall as Trading Revenue Declines

Morgan Stanley fell to a three- month low in New York after the firm reported the biggest drop in trading revenue among the largest U.S. banks.

KKR Profit Falls 8.2% as Buyout Portfolio Trailed Markets

KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, beat analysts’ estimates as fee-related earnings rose and gains from the firm’s investments increased.

Goldman Shares Fall as Trading Revenue Misses Estimates

Goldman Sachs Group Inc., the Wall Street bank that generates the highest percentage of revenue from trading, dropped as much as 3 percent after revenue from that business fell more than its rivals.

Morgan Stanley FICC Cuts May Go to 2017, Chen Says

Morgan Stanley may continue cutting assets in its fixed-income business for another five years as it seeks higher returns, said Howard Chen, a Credit Suisse Group Inc. analyst.

U.S. Stocks Advance on Earnings as Housing Starts Jump

U.S. stocks rallied, with the Standard & Poor’s 500 Index rebounding from its biggest drop since November, as housing starts and earnings from Coca-Cola Co. to Johnson & Johnson topped estimates.

Morgan Stanley Seeks Rebound in Fixed-Income After Missing Target by 40%

Morgan Stanley, which last year missed an internal trading-revenue target by more than 40 percent, is under pressure to show improvement after a two-year effort to turn around the firm’s fixed-income trading business.

Credit Suisse Says Nasdaq May Bid for TMX, CBOE Holdings

Nasdaq OMX Group Inc. may bid for TMX Group Inc. to block London Stock Exchange Group Plc’s agreement to buy the Toronto bourse, or pursue a deal with CBOE Holdings Inc., according to Credit Suisse Group AG.

Regulators May Miss Swaps Reform Deadline, Credit Suisse Says

U.S. regulators may miss the deadline for some new regulations in the $583 trillion private derivatives market because of the number and complexity of the required rules, according to Credit Suisse Group AG .

"It takes time for investor mindshare and knowledge to fully develop."

- Howard Chen on May 21, 2013

New York

Federal Reserve

James Gorman

Standard & Poor's

Bernanke Says Premature Tightening Would Endanger Recover

Apple Tax Grilling Becomes Cook’s Latest Testing Crisis

Oklahoma Victims Named as Survivor Search Nears Its End

Stocks Rally as Treasuries Fall, Gold Erases Gain on Fed

Boeing CEO Sees 5-Year Edge On Airbus in Twin-Aisle Jets