By David Randall NEW YORK (Reuters) -Loomis Sayles bond fund legend Dan Fuss will no longer manage several portfolios starting next year as he takes a significant step back in his duties, the asset
By Paulina Duran and Byron Kaye SYDNEY (Reuters) – Australia’s Macquarie Group said on Thursday it would buy U.S. wealth manager Waddell & Reed Financial Inc for $1.7 billion, its first major deal
By Julie Zhu and Scott Murdoch HONG KONG (Reuters) – JD Logistics has asked banks to pitch for the lead role in its Hong Kong initial public offering (IPO) of up to $3 billion as it moves towards
TORONTO (Reuters) – Toronto-Dominion Bank reported fourth-quarter profit that beat analysts’ estimates on Thursday, on lower-than-expected provisions for credit losses and as its Canadian retail
By Nichola Saminather and Maiya Keidan TORONTO (Reuters) – Canadian pension funds and insurers are facing a shrinking universe of higher-quality private debt investments to lift returns in a low-yield
By Svea Herbst-Bayliss BOSTON (Reuters) – A number of hedge funds sold positions in two drug companies leading the race to a coronavirus vaccine in the quarter before both announced breakthroughs that
By Svea Herbst-Bayliss (Reuters) – Hedge fund veteran William Ackman has the support of some of Wall Street’s top investors as he tries to pull off the biggest-ever deal carried out by a blank-check
LONDON (Reuters) – Crispin Odey is to step back from running his London-based hedge fund firm as part of an overhaul of the group and instead focus on managing money for clients, the firm said on
By Kate Duguid NEW YORK (Reuters) – Jeffrey Gundlach, the billionaire chief executive of DoubleLine investment firm, said in a pre-election webcast on Monday that he is bearish on long-dated bonds