Britain's Schroders gains on potential Lloyds wealth deal

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Britain's Schroders gains on potential Lloyds wealth deal

A wealth management tie-up between Schroders and Lloyds would give the asset manager access to the distribution network of Britain's biggest bank, which would gain investment skills and greater diversification, analysts said.

Emerging market stocks' descent to 17 month lows entices U.S. investors

The steep decline in emerging market stocks since early this year are attracting some U.S. fund managers who think they may find long-term bargains amid the sell-off.

Gulati's Antara Capital launches with Blackstone money

Hedge fund manager Himanshu Gulati, who received startup capital from Blackstone Group LP, launched Antara Capital Partners this week with roughly $200 million in assets, people familiar with the matter said on Friday.

Under fire from Musk, top fund firms defend securities lending

Accused by Tesla Inc Chief Executive Elon Musk of making "excessive profit" by lending shares to short-sellers, top index fund companies shot back on Friday that they are only looking out for their investors.

U.S. debt markets hold few bargains: Oaktree's Marks

U.S. fixed-income markets are nowhere near ripe for bargain-hunting, even after two days of losses that have knocked bond prices to multiyear lows, a leading value investor said on Thursday.

Fidelity's asset management chief Morrison to retire

Fidelity Investments said on Friday that its asset management chief, Charles Morrison, is leaving the company and that it plans to name a replacement in "the near term."

Eyes on the Prize: First jobs of famous photographers

A photograph can capture the mood of a nation or seminal moments in history in a single frame.

BNP Paribas Asset Management goes short U.S. tech stocks

BNP Paribas Asset Management is shifting its exposure across U.S. equities away from banks and positioning for a decline in technology stocks, citing concerns over the maturing cycle in the world's largest economy.

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