Eagle Asset Management announces leadership changes

There are no changes to the ownership or control of Eagle or the Eagle Family of Funds resulting from Riess’s retirement, or any material change in investment advisory or portfolio management services provided by Eagle.


Wealth, Presidents, and Being "Out of Touch"

Throughout the decades, Americans have elected very wealthy men to the White House without any fanfare. Yet with record rates of unemployment that many are experiencing over a period of years, the issue of class in the U.S. has gained a new significance.


Hedge fund managers rush to set up new firms

Managers including ex-Gartmore employee Guillaume Rambourg, former Barclays Capital commodities trader Todd Edgar and Sutesh Sharma, a senior proprietary trader at Citi are amongst those trying to raise capital for new businesses.


More cuts at Bank of America — including wealth management

Moynihan, 52, is relying on cuts after mortgage losses and U.S. regulation drained revenue last year. In the first part of his plan, dubbed Project New BAC, the CEO announced 30,000 job cuts from consumer banking, credit-card, home loan and support operat


Citadel's main hedge funds clear high-water mark

Hedge funds typically promise investors that they will return to their highest levels after a fall before they can resume charging performance fees, which typically amount to about 20 percent of all gains.