Brevan Howard Asset Management LLP, Europe’s second-largest hedge fund, hired 29-year-old Credit Suisse Group AG mortgage-bond trader Josh Bertman, according to four people with knowledge of the matter.
Seventeen years ago fund manager Michael F. Price spurred the merger of Chase Manhattan Corp. and Chemical Banking Corp., creating what was then the biggest U.S. bank and laying the foundation for JPMorgan Chase & Co.
The next decade will be as good for investors as the 1990s, said Ken Fisher , the billionaire chief executive officer of Fisher Investments Inc., dismissing notions that developed economies face below-average growth.
Ratings companies, whose scores have helped determine the cost of money for governments and businesses for more than a century, are no longer trusted by the world’s biggest investors, according to the former head of structured finance at Standard & Poor’s.
The Standard & Poor’s 500 Index may rally as much as 16 percent in the next six months because yesterday’s election will stymie legislative initiatives in Congress, billionaire investor Kenneth Fisher said.