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The Rockefeller Foundation is seeking to guide investors toward developments that will help economically distressed areas. → Read More
The billionaire industrialist and his brother for decades weaved a libertarian gospel of deregulation and free markets into the mainstream American psyche. → Read More
A newish type of leverage has been growing in popularity among private-capital funds—and a new study finds that if those funds overdo it, they may be able to inflate their returns and rankings. → Read More
Vista Equity Partners gets top ranking, as measured by the quality of covenants in new debt issued in the past 18 months, according to Xtract Research. → Read More
Alix has filed a motion to disqualify McKinsey from working on the Westmoreland Coal bankruptcy case. → Read More
The average number of lead banks running an company’s public listing has reached the highest ever, according to exclusive data from PitchBook. That reflects Wall Street’s waning influence, just as power for corporate issuers has surged. → Read More
Vanguard’s website showed huge daily losses for three big funds: Wellesley Income, Wellington, and Target Retirement Income. A spokesperson blamed faulty technology. Critics note this isn’t the first technology issue. → Read More
The insurer hopes BlueMountain Capital will be the anchor of its money-management business. As part of the deal, Affiliated Managers Group is selling its stake for $91 million in cash. → Read More
Hedge funds have been using credit default swaps to “manufacture” corporate defaults. But companies are fighting back, writing new language into the documents of recent loan and bond issues. → Read More
Einhorn’s hedge fund Greenlight Capital acts as weakening investor protections and too-generous credit grades combine as the economy shows signs of slowing. → Read More
The fund says investors get tax benefits and updates on how their “impact investing’’ is saving lives. → Read More
Jeffrey Gundlach’s DoubleLine Capital has seen a spate of departures in the past year, including two of its founding partners, according to people familiar with the matter. → Read More
The former New Jersey Governor and his wife are teaming up with Hampshire to pour $150 million into projects in the state, particularly the low-income areas federally designated as Qualified Opportunity Zones. → Read More
Owl Rock Capital Partners, one of the most closely watched new funds in the alternative investment industry, has listed a public vehicle for retail investors to access their direct-lending strategy. → Read More
Hedge funds saw inflows of $800 million in May after two straight months of redemptions, according to BarclayHedge. Even so, clients pulled $151 billion for the 12 months through the end of May. → Read More
Chase Koch, son of billionaire industrialist Charles Koch, launched Koch Disruptive Technologies 18 months ago. Why he’s investing in Israeli technology and lining up new partners to promote social justice programs. → Read More
Florida hospitals are no longer bound by so-called Certificate of Need regulations. Advocates of the change say it should help lower health-care costs and expand the number of hospitals in the state. → Read More
Some employees of the online furniture and home-furnishings retailer are planning to protest sales to outfit a migrant detention camp and to make Wayfair create a code of ethics for B2B sales. → Read More
Richard Sandor has created a market for Ameribor, derived from trades between small regional American banks and other financial firms. More than $1 billion now trades daily on his American Financial Exchange. Next up, futures contracts. → Read More
A financial crisis-era Ponzi scheme is creating a new headache for the chief executive of Toronto-Dominion Bank, as two U.S. senators have demanded he come up with a plan to help the victims. → Read More