Scott Page , who manages the top- performing bank-loan fund over the past five years, said the debt is still attractive after a two-year rally. Investors pouring record amounts into funds like his just should just temper their expectations.
Macquarie Group Ltd., Australia’s largest investment bank, hired Mack Kazi for its fixed-income, currencies and commodities business in Asia.
Bank of America Corp., the second- biggest U.S. lender, hired Richard Yacenda from Deutsche Bank AG as chief operating officer for Asia-Pacific, according to a memo obtained by Bloomberg News.
Putnam Investments LLC named three money managers as co-heads of its fixed-income team, replacing Rob Bloemker, who is leaving the firm.
"Housing has been doing better and corporate balance sheets are pretty well positioned."
- Paul Scanlon on Apr 17, 2013