The Dow Jones Industrial Average, which suffered a rocky third quarter with interest rate and inflation jitters, will rally by year-end to 11,500, predicted New York money manager David Alger, chief executive of Fred Alger Management Inc.
By Anna Robaton
The sexual harassment lawsuit saga at Salomon Smith Barney Inc. is about to take a bizarre twist.
By Jon Birger
Talk about a tease. The spring rally in value stocks melted as quickly as an April snowshower, and 1999 is shaping up to be another disappointment for value investors.
By Anna RobatonA combination of market and legislative conditions is squeezing Allstate Corp.'s life as an independent company.
By Steven R. Strahler
Last March, Joseph Park got the kind of phone call most entrepreneurs only dream about.
By Jon Birger
The E*Trades of the world may insist that someday we'll all invest on-line, but Jordan S. Berlin doesn't buy it.
By Jon Birger
Less than a year after its founder was killed in a plane crash, Robert R. Meredith & Co., a bond shop serving wealthy investors, has been acquired by Ascent Asset Management Advisory Services Inc., a fledgling firm just 4% of its size.
By Anna Robaton
While big investment banks concentrate on fancy schmancy deals in the burgeoning Israeli market, a fledgling money manager in New York is betting that American individuals and pension funds also want a piece of the action.
By Anna Robaton
When E*Offering - the investment banking affiliate of on-line broker E*Trade Group Inc. - set up shop last January, many observers thought the firm posed a serious threat to Wall Street's lucrative initial public offering business.
By Jon Birger
Chairman, Equity Office Properties, Equity Residential Properties Trust and Manufactured Home Communities Inc.
By Betsy Wangensteen
Financial planners rode the bull market to a 13% surge in income last year, earning a median $115,000 before taxes, according to a salary survey by InvestmentNews. They would have earned a lot more, though, had they spent more time on fewer, but more lucrative, clients, one consultant insists.
By Betsy Wangensteen
TCW Group Inc., a heavyweight asset manager for pension funds, is the latest to expand its business to retail investors through the increasingly crowded financial adviser market.
By Steve DanielsPurchasing a U.S. investment bank is far from a sure thing for offshore banks.
By Jon BirgerA Q&A with possibly the scrappiest money manager around.
By InvestmentNews