Trusts and fund management

FILE - In this Aug. 11, 2019, file photo, Democratic presidential candidate and businessman Tom Steyer waits to speak at the Des Moines Register Soapbox during a visit to the Iowa State Fair in Des Moines, Iowa. Tax records released by Steyer show he made well over a billion dollars over the last decade. (AP Photo/Charlie Neibergall, File)
August 29, 2019 - 7:29 pm
WASHINGTON (AP) — Democratic presidential candidate Tom Steyer made well over a billion dollars over the last decade from holdings that not only include the hedge fund he founded, but also investments in Chinese private equity firms, tech startups, pharmaceutical companies and nursing homes, his...
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Founder of the Baring Vostok investment fund Michael Calvey looks through a cage's class in the court room in Moscow, Russia, Saturday, Feb. 16, 2019. A Moscow court has ordered Baring Vostok's founder Michael Calvey to be kept in custody until April 13, 2019. (AP Photo/Alexander Zemlianichenko)
February 21, 2019 - 11:29 am
MOSCOW (AP) — The United States Embassy in Moscow has called on Russian authorities to allow its staff to visit a U.S. investment fund manager who has been jailed pending a fraud investigation. Michael Calvey, founder and senior partner at the Baring Vostok equity firm, was detained last week and...
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February 15, 2019 - 6:46 am
MOSCOW (AP) — A veteran U.S. investment fund manager was detained in Moscow on Friday and faces fraud charges. Michael Calvey, founder and senior partner at Baring Vostok equity firm, was detained alongside two other fund managers in the morning, and a Moscow court is expected to rule on their...
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FILE- This Aug. 17, 2010, file photo shows William H. Gross founder and Managing Director of PIMCO at the Conference on the Future of Housing Finance at the Treasury Department in Washington. Janus Henderson Investors says that "Bond King" William H. Gross is retiring to concentrate on his personal assets and private charitable foundation. The 74-year-old Gross will retire on March 1. (AP Photo/Pablo Martinez Monsivais, File)
February 04, 2019 - 2:39 pm
DENVER (AP) — William H. Gross, the famed and colorful bond investor who once controlled the world's largest mutual fund, is closing his professional career of more than 40 years and retiring to focus on managing his personal assets and private charitable foundation. Gross, 74, was nicknamed the "...
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FILE - In this Tuesday, May 20, 2008, file photo, John Bogle, founder of The Vanguard Group, talks during an interview with The Associated Press, in New York. Vanguard announced Wednesday, Jan. 16, 2019, that John C. "Jack" Bogle has died at the age of 89. (AP Photo/Mark Lennihan, File)
January 16, 2019 - 8:39 pm
VALLEY FORGE, Pa. (AP) — When he lost his job running a mutual fund company after stocks tanked in the early 70's, John C. Bogle decided that money managers knew very little about predicting the market — and charged way too much for that lack of knowledge. He founded a new fund company, Vanguard,...
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FILE - In this Tuesday, May 20, 2008, file photo, John Bogle, founder of The Vanguard Group, talks during an interview with The Associated Press, in New York. Vanguard announced Wednesday, Jan. 16, 2019, that John C. "Jack" Bogle has died at the age of 89. (AP Photo/Mark Lennihan, File)
January 16, 2019 - 6:31 pm
VALLEY FORGE, Pa. (AP) — John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89. Bogle did not invent the index fund, but he expanded access to no-frills, low-cost investing in 1976 when...
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In this Nov. 2, 2018 photo, a sign in the window at Sears promises that "This isn't goodbye," at the Livingston Mall in Livingston, N.J. Sears is closing 80 more stores as it teeters on the brink of liquidation. The 130-year old retailer set a deadline of Friday, Dec. 28, 2018 for bids for its remaining stores to avert closing down completely. (AP Photo/Ted Shaffrey)
December 29, 2018 - 1:03 am
NEW YORK (AP) — Sears Chairman Eddie Lampert's hedge fund said it submitted a last-minute bid Friday valued at $4.4 billion to keep the struggling retailer from being liquidated. Transform Holdco LLC, an affiliate of the ESL Investments hedge fund that Lampert heads, said it hoped to keep 425...
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FILE - This August 2010 file photo shows a sign for Moody's Corp. in New York. Concerns are building from Washington to Wall Street about the trillions of dollars in debt that U.S. businesses have racked up, particularly by companies with relatively weak finances. (AP Photo/Mark Lennihan, File)
December 14, 2018 - 12:36 pm
NEW YORK (AP) — Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn't get the message. For much of the past decade, companies have borrowed at super-low interest rates and used the money to buy back...
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October 25, 2018 - 3:08 pm
ATLANTA (AP) — Georgia Gov. Nathan Deal says a technology solutions provider that's the world's largest asset management firm will open a new innovation center in Atlanta and create roughly 1,000 jobs. Deal tweeted Thursday morning that BlackRock's newest Innovation Hub will offer the career...
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FILE - In this Tuesday, July 24, 2018, file photo, from left, Republican candidates for governor Mark Boughton, Tim Herbst, Steve Obsitnik, Bob Stefanowski, and David Stemerman face off in a Hearst Connecticut Media sponsored debate at Sacred Heart University in Fairfield, Conn. Democrats and Republicans go to the polls in the most crowded primary field in Connecticut's recent history, on Tuesday, Aug. 14, 2018. (Brian A. Pounds/Hearst Connecticut Media via AP, File)
August 14, 2018 - 10:58 pm
WASHINGTON (AP) — The Latest on primaries in Connecticut, Minnesota, Vermont and Wisconsin (all times local): 10:55 p.m. Madison businessman and political newcomer Bob Stefanowski has won the Republican primary for Connecticut governor, defeating four fellow GOP contenders. The 56-year-old former...
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