“Investors are not yet ‘max bearish.' They have yet to accept that we are already well into a normal, cyclical recession/bear market,” says BofA Merrill Lynch's Michael Hartnett.
Natixis boosts marketing team with Santander hire
The appointment of Natalia García Martín-Andino aims at boosting Natixis’ Iberian and Latin American business.
Excel Capital, Chile’s newest distributor, hits ground running with Aberdeen, Henderson and Aviva Investors as clients
The firm is headed by three executives with years of combined experience dealing exclusively with global asset managers. At Excel, they plan to treat distribution as a core activity and give it the focus and resources necessary to keep the business growing.
Merrill Lynch installs ex-Fiduciary Trust CEO in Coral Gables office
Teresa Valdés-Fauli Weintraub left Fiduciary Trust International of the South, an investment-management and private-wealth firm owned by Franklin Templeton, to join Merrill Lynch as a managing director at its Coral Gables office.
Nuveen’s Bob Doll predicts tough road for S&P and better year for global stocks
For more than 25 years, Robert C. Doll’s annual predictions have taken a deep and thorough look at key factors he believes are positioned to meaningfully shape the economy and markets for the coming year. They further lay the foundation for the noteworthy portfolios he and his team run in the Nuveen Large Cap Equity Series.
BlackRock: Cresting of easy-money tide puts strong recovery in doubt
“We expect little or no price appreciation in fixed income and only muted gains for most equity markets in 2016," said the authors of the outlook from BlackRock.
Natixis: Institutional investors bullish on global stocks and alternatives in 2016
Fifty percent of those surveyed said they will increase private-equity holdings, 46% said they will increase private debt allocations, and 41% responded that they plan to increase allocations to hedge funds.
Morgan Stanley makes play for Credit Suisse’s US offshore team
The early-December announcement ends a month of uncertainty for the Miami and New York-based CS brokers, who were not included in a recruitment arrangement with Wells Fargo that covered US onshore advisors.
State Street sees volatility spilling over into 2016, challenging returns
"Disappointing growth results in emerging economies leads us to forecast low and slow global growth for 2016,” said Rick Lacaille, executive vice president and global chief investment officer at SSGA.