Bloomberg News

Looking For Goldilocks

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Three bears see some positive signs in the outperforming U.S. economy.

Munis Will See Losses, Morgan Stanley Warns

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After the biggest rally in U.S. local bonds in more than a decade, investors should prepare for the first year of losses since 2008, says Morgan Stanley.

New Grocery REIT Forms In Canada

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Loblaw Cos., Canada’s largest grocery chain by market value, will create a real estate investment trust and sell units in the REIT in an initial public offering.

Citigroup Unit Said To Advise Clients Against SAC Funds

Citigroup Inc.’s private bank is advising clients not to add money to Steven A. Cohen’s hedge fund SAC Capital Advisors LP, according to two people with knowledge of the matter.

Republican Defectors Ready To Back U.S. Tax-Rate Compromise

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A few dozen Republicans have joined a bipartisan call to break the impasse between President Barack Obama and House Speaker John Boehner over taxes for the highest-earning Americans.

Nobel Prize Seeks Hedge Fund Boost After Awards Sink 20%

The Nobel Foundation’s equity stake is down––and its stake in alternative investments is up––during the past five years.

Citigroup To Eliminate 11,000 Jobs, Take $1 Billion Charge

Citigroup's new CEO is cutting more than 11,000 jobs, scaling back operations in some emerging markets and will take a $1 billion charge this quarter in a effort to drive down costs.

Vanguard Emerging-Market ETF Loses $887 Million To Redemptions

Investors withdrew money last month from Vanguard's emerging-markets ETF, the industry’s largest, after the firm said it would replace the fund’s index.

Nobel Prize May Get Boost From Hedge Funds After Awards Sink 20%

The Nobel Foundation, which this year lopped 20 percent off its cash prizes, is planning to invest more money through hedge funds to boost its returns and restore the award to its previous size.

Pimco’s Gross Wins U.S. Patent For Global Bond Index Methodology

Bill Gross, who runs the world’s largest mutual fund at Pacific Investment Management Co., received a U.S...