Money Management News
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JPMorgan Chase & Co., Goldman Sachs Group Inc. and BNP Paribas SA have been gaining market share in European investment-banking fees as most Swiss and European securities firms retreat, Freeman & Co. reported.
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Stock investors would be better off focusing on the world’s worst-performing markets each year than spreading their money around globally, according to the results of a new study.
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Anthony Bolton will give up managing the Fidelity China Special Situations fund and return to retirement after it failed to match the returns of the U.K. trust that made his reputation.
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Treasury auctions of $66 billion of three-, 10- and 30-year debt this week drew lower-than-average demand for a third consecutive month amid speculation the Federal Reserve may slow its asset purchases.
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Anthony Scaramucci, the investment entrepreneur known as the “Mooch,” is teaming up with a restaurant owner and a former Morgan Stanley executive to open a Manhattan eatery catering to hedge-fund and private-equity professionals.
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William L. Clayton, an E.F. Hutton & Co. executive and board member who oversaw the brokerage’s advertising campaigns, including “When E.F. Hutton talks, people listen,” has died. He was 83.
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A gauge of U.S. corporate credit risk rose amid debate on when the Federal Reserve will reduce its unprecedented stimulus efforts. Duke Energy Corp. sold $500 million of debt.
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Treasuries fell for a sixth consecutive week as higher-than-forecast employment growth supported speculation the Federal Reserve will taper its bond- buying program with economic growth exhibiting momentum.
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UBS AG’s Chief Financial Officer Tom Naratil will meet next week with Knight Vinke Asset Management LLC, an investor that called for a spinoff of the lender’s investment bank, two people familiar with the matter said.
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JPMorgan Asset Management, the money management unit of the biggest U.S. bank by assets, said it’s starting the U.K.’s first investment trust dedicated to global convertible bonds.
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