Virtus Investment Partners Inc. and Artio Global Investors Inc. set out on their own in 2009 within nine months of one another. The paths of the two money managers couldn’t have been more different.
Larry Boswell sat slumped in a wheelchair. His sweatpants were soiled, his T-shirt soaked in saliva. Flies buzzed around his head.
Hedge funds are preparing to muscle in on the riskiest part of the $550 billion commercial mortgage bond market, where a handful of firms control the fate of deals.
MetLife Inc., the largest U.S. life insurer, slipped as Raymond James Financial Inc. lowered its rating on the company after the shares rallied for two weeks.
MetLife Inc., the largest U.S. life insurer, regained the top spot in variable-annuity sales in the first half of the year, leading a group of five firms expanding their dominance in the industry.
Variable-annuity sales in the U.S. rose for the fourth straight quarter amid gains by the two biggest U.S. life insurers, MetLife Inc. and Prudential Financial Inc. , as stock markets advanced.
StanCorp Financial Group Inc., the seller of disability insurance, rose the most since August as profit surged, beating analysts’ estimates.
Sales of commercial mortgage-backed securities aren’t likely to increase much next year as borrowing costs remain high and lenders back off making new loans, according to CMBS executives.
"The growth is going to be in the international business."
- Steven Schwartz on Jul 30, 2014