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‘Panic Is Palpable’ as Markets Swoon on Brexit Vote Few Expected

As the U.K.’s historic vote to leave the European Union jolted markets around the world, investors responded with a mix of shock, fear and excitement.

Blackstone Buys Stake in $13 Billion Distressed Fund Marathon

The investment "helps with institutionalizing our firm," said Andrew Rabinowitz, Marathon Asset Management's newly appointed president.

Performance Is Trumping Safety in the Low-Volatility ETF Craze

Investors are flocking to low-volatility, where nearly all ETFs are outperforming their respective markets — be it large-caps, small-caps or international equities.

Pimco Cuts Jobs After Decline in Assets Since Gross's Exit

Pimco's $1.5 trillion in assets under management are down 25% from a high of $2 trillion in the first quarter of 2013.

Visium Future in Limbo as Hedge Fund's Star Manager Charged

Sanjay Valvani was one of four people accused of insider trading and reaping more than $32 million from trades in drug companies using secret tips, according to federal prosecutors.

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