Putnam Investments LLC, in its fifth year of a turnaround effort by CEO Robert L. Reynolds, introduced six new mutual funds, including two aimed at investors weary of stock swings.
Even after U.S. stocks more than doubled in the four-year bull market, companies in the S&P 500 Index are cheaper than at any record high since 1980 as individual investors shun equities.
Rents for single-family homes are rising slower than property prices as firms such as Blackstone Group LP flood the market with homes for lease, posing risks to investors betting billions on the...
Advent Software Inc., a maker of popular software used by financial advisors, fell as much as 12 percent in New York trading after deciding not to pursue a sale of the company.
The Federal Reserve’s record monetary stimulus has compelled central banks from Mexico to Japan to follow suit, said Mohamed El-Erian, chief executive officer of Pacific Investment Management Co.
Bain Capital LLC, which has $67 billion in assets under management, doubled down on specialty retailers several years ago, just as they were about to be pummeled by the likes of Amazon.com Inc.
