Love exchange-traded funds or hate them, one thing is clear: The biggest investors are increasingly using them as a way to dabble in inefficient and opaque bond markets.
Their study shows that due to inherent biases in the way hedge-fund databases compile results, the industry's returns have been about half as strong as they appear.
The Federal Reserve Bank of Dallas has named Robert Steven Kaplan, a former Goldman Sachs Group Inc. executive who left to teach at Harvard in 2006, as its new president.
Billionaire Gennady Timchenko almost doubled his charitable donations last year even as the value of his holdings tumbled with the selloff in oil that eroded wealth across Russia.
A developer of luxury condominiums in one of Mumbai’s popular business districts is seeking private equity funds to buy distressed assets from rivals reeling under record debt.
