Quantitative easing by central banks has made it harder to pick winners from losers in the stock markets, managers say

Hedge Funds

Stock-picking hedge fund managers running around $850 billion would have been better off just tracking the markets last year.

This is according to analysts at Morgan Stanley, who found that - stripping out gains from tracking markets in 2016 - this group of hedge funds lost money for their clients for the first time since at least 2010.

Stock-picking hedge funds left desperately seeking alpha

FN Staff

Morgan Stanley

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Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business.

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Julius Baer’s Net Profit Falls on Higher Loan Provisions, Brazil Unit Sale

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