BlackRock’s Fink Opposes `Socialized’ Money-Fund Plan Backed by Goldman Laurence Fink, chief executive officer of BlackRock Inc., stands alone among the biggest U.S. money-market fund providers in publicly opposing a proposed safety net for the industry that manages $3 trillion for investors.
Gartmore Shows U.K. Financial Firms More Cautious as FSA Pursues Traders Gartmore Group Ltd.’s suspension this week of hedge-fund manager Guillaume Rambourg underscores heightened caution among U.K. companies as the Financial Services Authority cracks down on illegal trading.
Sternlicht’s Starwood Said to Raise $2.8 Billion for Two Real Estate Funds Starwood Capital Group LLC, the investment firm founded by Barry Sternlicht, finished raising capital for two funds totaling about $2.8 billion that will invest in real estate.
CLOs Demand Is Set for Revival as `Green Shoots’ Emerging, Citigroup Says Demand for collateralized loan obligations is reviving, according to Citigroup Inc., as leveraged loan prices surge to the highest in almost two years.
BlackRock Downgraded by Citigroup, Deutsche Bank on Outlook for Earnings BlackRock Inc., the world’s biggest money manager, was downgraded by analysts at Citigroup Inc. and Deutsche Bank AG, who said investors were overestimating the company’s future profit.
Stanford Seeks Investment Chief to Fill Endowment Job Vacant for Two Years Stanford University’s endowment, the third-richest among U.S. colleges, is searching for a chief investment officer after leaving the post vacant for more than two years as markets plunged and rebounded.
KKR Said to Hire Deutsche Bank’s Edward Law for Capital Markets Division KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, hired Edward Law, Deutsche Bank AG’s head of western European equity capital markets for its team arranging initial public offerings, said three people familiar with the move.
Nigeria Beats BRICs as Mobius Expects Rally in Frontier Markets to Persist Stocks in the smallest developing markets are beating their larger peers by the most in almost five years and Templeton Asset Management Ltd.’s Mark Mobius says they will keep rallying as consumer demand picks up.
Nasdaq OMX Grabs Largest Share of Stock, ETF Options Volume for First Time Nasdaq OMX Group Inc. for the first time grabbed the largest share of options volume on stocks and exchange-traded funds last month, according to the Options Clearing Corp. in Chicago.
Wealth Managers Will Have More Competition for Clients in 2010, Gould Says Wealth managers will have to work harder for business this year now that the financial crisis has stabilized, said Robert Gould, head of investment and wealth management for Brown Brothers Harriman & Co.