The decision by the California Public Employees' Retirement System to leave hedge funds was not meant to send a message about that particular sector, the pension fund's new chief investment officer told CNBC on Wednesday.
A top firm CEO having a tough time.
A further restructure of fixed-income, commodity and currency business said needed.
A triplex penthouse at Zeckendorf Development Co.’s tower under construction on Manhattan’s Upper East Side will be offered for sale at $130 million, making it New York’s most expensive apartment listing.
Rosneft, Russia's biggest crude oil producer, may back out of a deal to buy Morgan Stanley's oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said.
Fixing the price of gold, oil, and other financial products will become a criminal offence by the end of the year, the government announced on Thursday as it published a consultation on extending rules already introduced for Libor rigging.
With plenty of media fanfare Apple recently launched Apple Pay, a payment system that allows you to use your phone as a digital wallet.
Tired of two weeks vacation a year? Perhaps you should work for Virgin, where boss Richard Branson believes in offering unlimited time off to staff.
A U.K. probe into Barclays Plc's dealings with Qatar’s sovereign-wealth fund during the financial crisis has shifted to look at whether transactions were properly disclosed, the Financial Times reported.
BNP Paribas Chairman Baudouin Prot plans to step down this week, according to two people with direct knowledge of the decision. He would be at least the second senior banker to resign since the bank’s $8.97 billion fine for violating U.S. sanctions.
The 10 largest U.S. hedge funds have made the most of the slide in the oil price, snapping up $1.5 billion in cheap energy stocks, making the sector the top buy of the last quarter of 2015.
European M&A activity totals $92.0 billion, up 4% compared to YTD 2015
A steady week for markets will not quash the volatility seen this year, Mohamed El-Erian said Friday.