The recent release of Institutional Investor Alpha’s hedge-fund survey has everyone asking how the fund managers continue to make so much money. Academics and journalists alike point out that hedge funds, as a class, haven’t delivered above-market after-fee returns for quite some time.
Much has changed since Barrington resident Maria F. Barry started in the commercial-credit department of Fleet Boston Financial in 1987, starting with the regional bank’s acquisition by national lending giant Bank of America. Twenty-seven years later, Barry is now community-development-banking national executive for Bank of America Merrill Lynch, in charge of the bank’s affordable and mixed-income housing investments. With demand for rental housing soaring across the country and government-housing subsidies static at best, affordable developers and their lenders are struggling to fill financing gaps. more
Senior vice president and regional sales manager at Webster Bank talks about his recent recognition from Bank Investment Consultant, which named him to the list of Top 20 Program Managers for 2014.
Providence Equity Partners LLC is scrapping a plan to sell Brazilian mobile-phone tower operator Grupo TorreSur after bids fell short of its expectations, people with knowledge of the matter said.
By Alex Sherman, Jonathan Levin and David Carey Bloomberg News
Here’s something that puzzled me when I was the chief investment officer of New York City’s pension plan: Only 5 percent of the investment firms that managed the city’s $160 billion, and only 15 percent of the products the city invested in, were managed by women. The numbers plummeted when counting women of color or asset classes other than public equities.
NEW YORK – Fitch Ratings last week assigned an “AA+” rating to two Massachusetts general-obligation bonds totaling nearly $680 million. The bonds, both issued in 2014, were scheduled to sell through negotiation last week.
Argentina is in default again, but its latest predicament is far from your garden-variety sovereign debt crisis. This time South America’s second-largest economy has been tripped up not by new borrowing, but by a lawsuit from American hedge funds blocking settlements with bondholders over a 2001 default. more
Ali...who? One company dominated the conversation about initial public offerings in the third quarter, and for good reason: Alibaba Group Holding Ltd. raised a record-breaking $25 billion in the U.S. this month.
By Leslie Picker, Ruth David and Fox Hu Bloomberg News
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.