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Moore Capital Management LP, the hedge-fund firm run by billionaire Louis Moore Bacon, offered positions to money managers at SAC Capital Advisors LP, according to a person with knowledge of the matter.

Fidelity Investments, the world’s second-biggest mutual-fund company, said Ramona Persaud on Jan. 1 will take over management of two dividend growth funds that collectively manage almost $10 billion.

Municipal debt tied to real-estate development is set to be the best-performing part of the $3.7 trillion state and local-bond market this year as an improving housing market boosts the securities’ earnings.

Treasuries Reach Cheapest Level Relative to Stocks on Fed Prospects

Gold Swings as Investors Weigh Economy Against Physical Buying

JPMorgan Defies Biggest Cash Exodus to Beat Rivals: Muni Credit

Hedge Funds Cut Gold Bull Bets Amid Record Outflows: Commodities

U.S. Stocks Advance on Apple’s China Deal, IMF Economic Outlook

Nasdaq Price System May Take Years for Structured Note Progress

Ex-Morgan Stanley Fund Manager Must Pay Back $31 Million

Invesco’s Woodford to Join Oakley to Set Up Asset Manager

Deutsche Bank Forfeits 221 Million Euros From Monte Paschi Deal

High-Speed Trading, Interest Rates Pose Risks, Treasury Says

CFTC Opens Probe Into Fees Charged by Managed Futures Funds

Leading Indicators in U.S. Rose More Than Forecast in November

Pimco Says Growth Abroad May Lift ‘Not Stellar’ Asia Economy

Treasuries Snap Advance Before Fed Announces Decision on Taper

John Bogle on Founding Mutual Fund Giant Vanguard

Omers Pension Names Michael Latimer New CEO as Nobrega Retires

Goldman Wins Record Deposits Into Bond Fund Defying Higher Rates