06/09/2014

Britain’s Man Group to Acquire Pine Grove Asset Management

Pine Grove, an employee-owned fund with offices in New York and Summit, N.J., has about $1 billion in assets under management. About two-thirds of its assets under management are from institutional investors, primarily based in America.

06/06/2014

BAML names new global credit chief

Bank of America Merrill Lynch has named a new head of global credit and special situations, based in New York, following the retirement of Merrill Lynch veteran Graham Goldsmith – the latest senior change at the top of a leading fixed-income busines

06/03/2014

Wall Street concerned over China's gold hoarding

The People's Bank of China, China's central bank, is the world's biggest gold hoarder and the bane of Wall Street traders, reports the Chinese-language financial news website BwChinese, citing a Hong Kong financial analyst.