Feb 27- Fund managers in the United States raised their recommended exposure to North American debt to the highest in nearly four years in February, but made minor changes to their overall global model portfolios, a Reuters poll showed. "The U.S. economy will continue to grow but probably not at as fast a pace as in the last two quarters I think the Fed will be very...
NEW YORK— Stifel Financial Corp. is buying rival financial services firm Sterne Agee for $150 million, boosting its presence in money management and fixed income. It's the latest move by Stifel, whose other large purchases include the investment advisory unit of Legg Mason last year, the investment bank KBW in 2013 and Thomas Weisel in 2010..
BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...
Some of Tuesday's midday movers
BOSTON, Dec 2- Collapsing energy prices have hit hard U.S. corporate junk bond funds, putting them on track for their worst performance in six years by squeezing the exploration and drilling companies that have been among most active issuers of high-yield debt. Last week's decision by the Organization of the Petroleum Exporting Countries to refrain from...
Dec 1- Activist investor Nelson Peltz resigned from the board at Legg Mason Inc to focus on other commitments, the asset manager said on Monday. Peltz, Chief Executive and a founding partner of Trian Fund Management LP, was chairman of Legg Mason's corporate governance committee. Under Chief Executive Joseph Sullivan, who took charge in February 2013, Legg Mason...
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Stifel Financial said it would buy asset manager Legg Mason's investment advisory unit to expand its wealth management business.
Legg Mason's Bill Miller may have lost 20 percent of his investment in bitcoin, but he's still bullish on its potential.
Treasurys rose on month-end buying and lingering concerns about EM economies, putting safe-haven bonds on track to notch strong gains in January.
U.S. stock index futures signaled a steep drop at the start of trading on Wall Street Friday, ahead of fourth quarter earnings from Chevron and MasterCard.
A unit of asset manager Legg Mason will pay more than $21 million to settle civil cases with that accused the company of hiding losses from investors.
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Some of Monday's midday movers:
The "Fast Money" traders share their final trades of the day.
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