A tentative stabilization of oil prices and USD, as well as further stimulus from the European Central Bank (ECB) should help support risk appetite and the search for yield.
A tentative stabilization of oil prices and USD, as well as further stimulus from the European Central Bank (ECB) should help support risk appetite and the search for yield.
(Bloomberg) -- BlackRock Inc., the world’s largest money manager, said first-quarter profit fell 20 percent as a global stock-market slump early in the year crimped revenue and the firm cut jobs...
(Bloomberg) -- Fidelity Investments is seeking permission to offer exchange traded funds that track customized indexes, providing the firm with an entree into the fastest growing sector of the ETF market...
(Bloomberg) -- Blackstone Group LP, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fund managers following a large redemption by the vehicle’s main backer, Fidelity Investments...