Julius Baer surprised investors on Wednesday morning by saying it would split its private banking and fund management activities into two separate listed companies.
Investors question performance at Renaissance fund (Fund News)
Investors in a hedge fund run by James Simons are questioning why a fund held by the mathematics professor-turned-investor and his colleagues has made big gains while another held mostly by outside investors has lost money, The Wall Street Journal reported.
Private equity firm Carlyle Group on Thursday agreed to pay $20m following an investigation by Andrew Cuomo, New York attorney-general, into alleged corruption at the stateâ??s biggest public pension fund.