Bloomberg News

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Gabelli Gets Top Ranking By Picking Value With Mighty Mites

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His $1.3 billion Teton Westwood Mighty Mites Fund achieved the best risk-adjusted performance among U.S. equity funds over the past decade.

Morgan Stanley Broker Charged In Grand Central Insider Scam

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A Morgan Stanley broker and the managing clerk at the law firm Simpson Thacher & Bartlett LLP were arrested today for an insider-trading scheme that authorities said netted $5...

N.C. Union Seeking Probe Of 400% Rise In Money Management Fees

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An investigator for North Carolina’s public employees’ union asked the state auditor to look into what it called hundreds of millions of dollars of undisclosed fees paid by the government’s...

Corporate Bonds Pass ’07 Mortgage Peak As Risk Grows

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Corporate debt is accounting for the biggest portion of the U.S. bond market ever, with the level surpassing the 2007 peak of the mortgage-securities boom that triggered the financial crisis.

Junk Bonds At $2 Trillion As Gundlach Pulls Back

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The junk-bond bonanza that’s doubled the market to almost $2 trillion since the credit crisis has Jeffrey Gundlach heading toward the exit.

Credit Suisse Vying For Africa Millionaire Clients

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Credit Suisse is deploying investment bankers to woo African entrepreneurs as it tries to build its wealth-management business on the continent.

Toy Store Owner Among Youngest Women Billionaires

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Amy Wyss, the daughter of Switzerland’s second-richest man, surfaced as a billionaire in a U.S. Senate report released last month on offshore tax evasion and accounting violations.

Bugatti-Driving 26-Year-Old Tied To $3 Billion Stock Promotions

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A Bugatti-driving 26-year-old is believed to have operated one of the largest penny-stock Web sites, whose e-mails allegedly were used for pump-and-dump schemes and generated enormous stock buying.

Fund Firms Say Too-Big-to-Fail Labeling Would Hurt Investors

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U.S. mutual fund companies say that subjecting a few large money managers to more regulation would hurt competition and ultimately fund investors.

Axa Fined $20 Million By N.Y. Regulator For Annuity Changes

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Axa SA’s U.S. unit was fined $20 million by a New York regulator for making changes to a retirement product without fully informing the watchdog.

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