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Breakingviews notes another reason to think that the worst of the credit crisis may have passed. Credit default swaps on collateralized debt obligations and leveraged loans have staged impressive... Read more...
Until last year's stumble, Bill Miller, of the Legg Mason Value Trust fund, had beaten the Standard & Poor's 500 for 15th straight year, establishing himself as a industry luminary. People were... Read more...
Blackstone Group's earnings took a hit but not for the reasons you might think. The firm's private equity business reported strong enough revenues, $227.3 million, up 42 percent from a year ago. The... Read more...
Professors Veronika Pool of Indiana University and Nicolas Bollen of Vanderbilt University studied monthly returns of more than 4,200 hedge funds between 1994 and 2005 and have concluded that "hedge... Read more...
The IPO market staged something of a rebound this year, and financial services companies led the way. Overall, IPOs gained 24 percent as of early December, compared with a 13 percent gain for the... Read more...