Private lenders are offering cheaper debt than Wall Street banks
June 29, 2022 12:25:47 PMPrivate debt is now the cheaper financing option for big-ticket leveraged borrowers than the ailing public market, upending industry norms.
CLO managers use ‘print-and-sprint' to profit from cheap loans
June 28, 2022 03:51:02 PMThe biggest buyers of leveraged loans are looking to repeat a strategy that generated gains of more than 60% during the early part of the pandemic.
Venture funding set to hit lowest level since 2020
June 27, 2022 02:48:41 PMVenture capital-backed startups raised far fewer rounds of funding during the past three months than late last year and early this year.
Forgotten ETFs that hedge currency risk making comeback
June 22, 2022 03:30:25 PMThe wild swings racing through foreign-currency markets are turning an obscure group of ETFs into a bulwark against stock-market losses.
Ariel's Mellody Hobson joins group buying Denver Broncos
June 20, 2022 12:00:00 AMAriel Investments' Mellody Hobson is part of a group that agreed to buy the NFL's Denver Broncos for $4.65 billion.
Banks face push to disclose how their lending leads to pollution
June 17, 2022 03:09:51 PMBanks should have to make public how their lending and investment activities impact pollution, according to a group of Democratic senators.
Private equity faces 'crisis of value' over inflated prices
June 16, 2022 01:20:12 PMPrivate owners of assets face a "crisis of value" after years of prices being driven higher by rock-bottom interest rates.
PIMCO warns U.S. Treasury that Russia sanctions will hit pension funds
June 14, 2022 11:53:21 AMPIMCO has warned the U.S. Treasury about the fallout on pension funds from the strict sanctions that are pushing Russia toward default.
Stocks crushed as recession jitters jolt trading
June 13, 2022 04:06:49 PMU.S. stocks hurtled toward a bear market, Treasury yields spiked and the dollar rallied as the fallout from a hot inflation reading continued.
Goldman Sachs facing SEC probe of ESG funds in asset management
June 13, 2022 01:20:37 PMGoldman Sachs Group is facing a U.S. investigation into its funds offering investments using environmental, social and governance criteria.
BlackRock gives clients greater voting choice amid ESG scrutiny
June 13, 2022 11:06:15 AMBlackRock is expanding efforts to give clients invested in index funds the ability to vote their own shares.
State Street says it's not seeking a deal with Credit Suisse
June 09, 2022 02:32:41 PMState Street Corp. said it's not pursuing any acquisition or business combination with Credit Suisse Group.
Crispin Odey hedge fund's 110% gain in 5 months wipes out years of losses
June 08, 2022 01:52:59 PMThe Odey European Inc. hedge fund made 14% in May, boosting returns for this year to 110%, while recouping years of losses.
Credit Suisse weighs new job cuts after loss warning
June 08, 2022 11:23:19 AMCredit Suisse Group is considering a fresh round of job cuts, part of a renewed push to slash costs after warning of a second-quarter loss.
Citadel Securities ready for crypto ETFs when regulators approve
June 07, 2022 03:20:36 PMKen Griffin's Citadel Securities is willing to make markets in exchange-traded funds that hold cryptocurrencies, if regulators allow it.
ESG insiders demand course correction to fix industry woes
June 07, 2022 12:20:55 PMWith ESG being increasingly maligned, some of the industry's early devotees said it's time for a course correction.
BlackRock debuts ad campaign to burnish image as it faces ESG scrutiny
June 06, 2022 03:36:28 PMBlackRock, facing political scrutiny over its stance on ESG investing and its outsize influence, is on a mission to reintroduce itself to Washington.
Allianz fund manager's lawyer says U.S. got privileged information in fraud case
June 03, 2022 03:22:12 PMGregoire Tournant pleaded not guilty to five criminal charges related to the collapse of Allianz hedge funds that cost investors billions.
Larry Fink sees elevated inflation for years due to supply shocks
June 03, 2022 12:33:00 PMBlackRock CEO Larry Fink said he expects inflation to remain elevated for several years primarily because of snarled global supply chains.
Fayez Sarofim, Texas investor known as ‘The Sphinx,' dies at 93
June 01, 2022 02:12:55 PMFayez Sarofim, the Egyptian-born Texas money manager known for his discerning taste in stocks and fine art, died at age 93.
Deutsche Bank, DWS raided over allegations of greenwashing
May 31, 2022 10:28:56 AMPolice raided Deutsche Bank and its asset management unit's Frankfurt offices, related to accusations of greenwashing at DWS Group.
Canada Pension Plan expands its growth-equity ambitions
May 27, 2022 02:02:28 PMCanada Pension Plan Investment Board is building an arm that focuses on buying minority stakes in closely held firms.
China opens exchange bond markets to overseas investors
May 27, 2022 11:50:41 AMChina will allow foreign institutional investors to trade bonds on its smaller exchange market in its latest step to attract more capital inflows.
U.S. official warns significant issues remain on China audit talks
May 26, 2022 12:19:24 PMAn SEC official said several hurdles remain in an impasse over audits on U.S.-listed Chinese firms to avoid forcing companies off U.S. exchanges.
Stocks can recover on $250 billion rebalance flow, J.P. Morgan says
May 23, 2022 02:24:16 PMJ.P. Morgan projects sovereign wealth and pension funds will tilt their portfolios in favor of equities in the coming weeks to meet allocation targets.