Michael Platt, who runs the $8 billion BlueCrest Capital Management, will return all client money and instead focus on managing his own wealth and that of his partners and employees.
Morgan Stanley, the investment bank that saw bond-trading revenue plunge 42 percent in the third quarter, is planning a significant reduction in its fixed-income staff, say sources.
A company strategist is warning asset managers that the efficient frontier -- the mix of stocks, bonds and other instruments that produces the best risk-adjusted return -- is about to collapse.
Even in post-Soviet Uzbekistan, an ancient crossroads where torture and bribery allegations are endemic, Gulnara Karimova, the president’s Harvard-educated daughter, stood out for her ruthlessness.
How much does the head of the company that unearthed the second-biggest ever diamond want for the gem? More than $60 million, that’s all he’ll say.
Below rolling farmland outside Bath, England, more than $1.5 billion worth of fine wine is stored in an old mine that during World War II was a munitions dump.
AIG, the insurer being pressured by activist investor Carl Icahn to boost returns, is considering the sale of blocks of life policies, according to sources.
CIOs and COOs also got median compensation of $500,000 or more, according to the study.
Some do get bigger paychecks if they meet environmental goals, including at least one who works for a big insurer.
Doctors wrote enough opioid prescriptions in 2012 to medicate every adult in the country. Drug overdoses are eclipsing car crashes as a leading cause of accidental death for American adults.