Portfolio

Bruce Berkowitz isn't the kind of manager whose moves make headlines, but they've paid off remarkably well for his investors.

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The euro zone doesn’t look as scary today as it did a few months ago. It’s not that austerity measures are fully developed. It’s not that the stress test convinced everyone that the banks are sound. It’s not that the bailout is filled with shock and awe.

While Build America Bonds have limited the supply of tax-exempt issuance, strong demand from retail investors is also playing a vital role in lowering issuers’ borrowing costs to historic lows.

Bernie Madoff and financiers of his ilk have changed the landscape for hedge fund managers forever.

Managers of startup hedge funds who think they won't have to register with regulators because of their size had better think again.

Buoyed by the strength of the long-term municipal market over the past 18 months, mutual fund assets have climbed to record levels, and portfolio managers have had little need to make major changes to their current investment strategies.

Issuance of Build America Bonds fell precipitously last month, but overall volume still managed to outpace market issuance in July 2009, according to preliminary data from Thomson Reuters.

High yield bond funds took in nearly $1 billion for the week ending July 28 for the third largest weekly inflow of the year, according to a report published by Lipper FMI.

Janus, a fund shop known for nurturing growth-fund talent, turned to its value-oriented subsidiary, Perkins Investment Management, to co-manage a new fund targeted to risk-averse retiring Baby Boomers.