Institutional investors are bearish about market prospects in 2020, while many expect another global financial crisis within three years.
Although banks' credit profiles have improved since the global financial crisis, systemic risk has not been reduced.
President Donald Trump has closed both the Strategy and Policy Forum and Manufacturing Council.
New York Life Investments agrees to acquire a majority stake in Credit Value Partners, a boutique investment firm specializing in opportunistic and distressed debt and high-yield corporate credit.
The largest money managers will benefit from benign market conditions in 2015, said an outlook report released Wednesday by Moody's Investor Service.