BlackRock, T. Rowe Skirt Fund Blowups to Win Clients as Legg Mason Shrinks BlackRock Inc. and Franklin Resources Inc. won the most new assets among publicly traded U.S. fund managers last year after limiting losses during the financial crisis that drove clients away from Legg Mason Inc. and AllianceBernstein Holding LP.

Pimco’s El-Erian Favors Brazil Bonds, Yuan Forwards; Says Greece Needs Aid Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, favors investments in emerging markets on expectations they’ll outpace developed economies in growth and wealth.

Galleon Tipper Goel Pleads Guilty to Insider Trading, Names Rajaratnam Rajiv Goel, a former managing director in Intel Corp.’s treasury group, will plead guilty in the Galleon Group LLC insider-trading case, his lawyer said.

Corporate Bond Yield Spreads Widen the Most Since November: Credit Markets Corporate borrowing costs are rising at the fastest pace in more than two months on concern that worsening government finances will slow the global economy and make it harder for companies to meet debt payments.

Macquarie Says Second-Half Profit May Rise 10% as Markets, Economy Recover Macquarie Group Ltd., Australia’s largest investment bank, said fiscal second-half profit may be higher than forecast amid a recovery in global markets.

Blackstone, Frank Quattrone Return to IPO Market as Offerings Falter Blackstone Group LP and Frank Quattrone are returning to the U.S. initial public offerings market after half of this year’s IPOs were postponed or delayed and stocks posted their longest slump since July.

Fund Losses of $2 Billion in Emerging Markets Signal Repeat of ’04 Profits The biggest tumble in developing- nation stocks in 11 months is making investment strategists at Morgan Stanley, Credit Suisse Group AG and Goldman Sachs Group Inc. as bullish as ever.

Indian Insurers May Pump Record $21 Billion into Nation’s Stocks Next Year Indian insurance companies may increase investments in the nation’s stocks by 24 percent to a record $21 billion next fiscal year as premium collections rise, according to India’s largest private insurers.

S&P 500 Plunge Fails to Shake Gabelli in Bet Technology Leads U.S. Economy The combination of record earnings growth and the fastest withdrawals from mutual funds since before credit markets froze is creating opportunities for Mario Gabelli.

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