A special meeting to elect a new board will be called on or before May 23, according to a statement by the Newton, Mass., real estate investment trust.
Hedge funds seeking to participate in Puerto Rico's planned bond offering are asking that the commonwealth raise enough money to meet its needs for two years, two people with knowledge of the preliminary talks said.
Stocks dropped amid disappointing results at JPMorgan Chase & Co. and signs hedge funds were dumping the bull market's best performers.
Investors are pouring more money into stock mutual funds in the U.S. than they have in 13 years, attracted by a market near record highs and stung by bond losses that would deepen if interest rates keep rising.
Bill Gross is taking investors in his $232 billion Pimco Total Return Fund for a rough ride.
Hedge fund manager Steven A. Cohen's SAC Capital Advisors won partial approval of its $1.8 billion settlement with the U.S. as a federal judge signed off on an agreement to resolve a civil money-laundering case.
Money is flooding into exchange-traded funds focused on health care at the fastest rate in at least six years, driven by booming biotechnology and pharmaceutical sectors bringing new products to market.
Bill Gross' firm and Western Asset pulled as subadvisers from Mercer fund with $1.1 billion.
Pacific Investment Management Co., the envy of the bond world when it tripled assets following the financial crisis, is finding itself in an unusual role: Playing catch up to competitors in the growing market for exchange- traded funds.
