TCW Group Inc., the $128 billion asset manager bought by Carlyle Group LP in February, is expanding its alternative offerings under new head Jess Ravich with the purchase of Craton Equity Partners. Terms of the transaction weren’t disclosed.
Bud Selig’s retirement as Major League Baseball commissioner after next season will end two decades of stewardship that included recovery from a steroid scandal and an era of labor peace after losing the 1994 World Series to a players strike.
Mark Attanasio’s Crescent Capital Group LP, known for investing in junk debt, is for the first time buying preferred shares at companies such as KKR Financial Holdings LLC and Goldman Sachs Group Inc. in a search for higher yields.
Ryan Braun will miss the final 65 games of the season after becoming the first in a potential group of Major League Baseball players to be banned for their connections to a clinic accused of distributing performance- enhancing drugs.
Ryan Braun, the National League’s Most Valuable Player, has the backing of Milwaukee Brewers owner Mark Attanasio as he challenges a drug test result that may land him a 50-game suspension should the findings be confirmed.
The top-selling T-shirt inside Milwaukee’s Miller Park doesn’t carry the name of Prince Fielder, whose 38 home runs were second in the National League, or Ryan Braun, whose .332 batting average trailed only Jose Reyes of the New York Mets.
Bank of New York Mellon Corp., targeted by New York for allegedly violating state law while representing mortgage-bond investors, was accused by Knights of Columbus of damaging its investment in mortgage securities.
DoubleLine Capital LP’s Jeffrey Gundlach told a jury he and other group managers at TCW Group Inc. opposed the appointment of Marc Stern as chief executive officer in June of 2009, six months before Gundlach was fired.