Active managers who briefly looked like they might finally have their moment earlier this year are once again confronting a familiar problem: a market rally driven by a tiny group of tech megacaps that diversified portfolios simply can’t keep up with.
Brookfield Asset Management Ltd. is close to securing a $935 million loan to back its purchase of air cargo specialist World Freight Co., according to people familiar with the matter, the latest in a recent spate of acquisition financings in Asia.
Providence Equity Partners is among suitors exploring an acquisition of Gamma Communications Plc, the London-listed telecommunication services company, people with knowledge of the matter said.
Wall Street securities dealers and money managers are increasingly relying on algorithms to execute even the biggest corporate-bond trades, the latest sign of movement toward electronic trading in a $12 trillion market that was long one of the biggest…
An unexpected pause in Colombia’s interest-rate hikes is threatening to upend local markets, with skepticism over the central bank’s credibility building weeks before a pivotal presidential election.
