Investments

In this newly created role, Philip Poole will lead research activity across the firm’s investment platform globally.

UBS AG, Switzerland's biggest bank, is considering a spinoff of its investment banking business as regulators’ demands for more capital thwart efforts to boost returns, according to Mediobanca analysts.

Emerging-market stocks rose for the first time this year after the International Monetary Fund said it will raise its forecast for world growth.

China’s stocks rose, led by energy companies after Offshore Oil Engineering Co. reported a jump in profit. A gauge of small-company shares headed for a record.

Pacific Investment Management Co.’s Bill Gross said investors should focus on shorter-maturity debt as the slow pace of U.S. inflation signals the Federal Reserve’s benchmark rate will remain at almost zero until at least 2016.

State Street Corp., the second- biggest provider of exchange-traded funds, plans to introduce its first actively managed stock ETFs in partnership with MFS Investment Management.

The IRS has concluded that $720 million of student-loan bonds issued by a New Hampshire authority are taxable, leading the issuer to move toward requesting an administrative appeal and asking the IRS to reopen its audits of the bonds.

It has been quite the ride for gold: from under $500 an ounce decade ago, to above $1,900 in 2011, gold gained more than 400%.

Investors prizing Princeton University bonds have fueled gains relative to top-graded municipal debt.

The Consumer Financial Protection Bureau could consider expanding exemptions for small lenders from its qualified mortgage rule after it goes into effect on Friday, according to Richard Cordray, the agency's director.

Deutsche Bank AG, Europe's biggest investment bank by revenue, will review whether to punish senior employees including Alan Cloete for their roles in the interest-rate rigging scandal, according to a person with knowledge of the matter.

Valuations in the Standard & Poor’s 500 Index increased by the most since the financial crisis last year as 460 stocks rose, more than any year since at least 1990.

William Kohli, the world’s top global bond fund manager, has made daring moves during his career from an early age.

Investors poured a record $191 billion into U.S.-registered exchange-traded products last year, topping the previous peak of $187.2 billion set in 2012.

With computers increasingly doing the bulk of the trading on Wall Street, correlation between asset classes have become more pronounced, says Lance Roberts, CEO of STA Wealth Management

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During a year in which Japan stocks were the top performers in the benchmark MSCI AllCountry World Index ex-U.S., the fund was light on that country as its managers took a wait-and-see approach to the Bank of Japan's aggressive (and, in the end, highly successful) asset-buying program.

The priority for mutual fund and ETF managers in 2014 will be operations and technology.

Legal & General Group Plc, the largest manager of U.K. pension assets, agreed to sell an office building in London’s Midtown district to Orchard Street Investment Management LLP for 85.1 million pounds ($140 million).

Concern about rate policy shifts is the factor most likely to drive changes to client retirement income portfolios in 2014, according to a new survey from GDC Research and Practical Perspectives.