Pimco Says Rally Sweeping Emerging Markets to Last ‘for Years’

For one of the world’s largest bond managers, the rally that swept through emerging markets last year was a prelude to a longer-lasting trend. “This is a playbook that will last for many years,” Pramol Dhawan, head of emerging markets portfolio management at Pacific...

Global Funds Turn to China Stocks, Yuan in Big Bets for 2026

Investors are ramping up bets on China’s stocks and currency as 2026 kicks off, signaling a more decisive shift into the country’s assets at a time of rising global uncertainties. Global investment firms from Goldman Sachs Group Inc. to Bernstein Societe Generale...

Wellington Hires Hamilton Lane’s Alex Behm for Secondaries Push

Wellington Management Co., the mutual fund giant best known for stock- and bond-picking, hired Hamilton Lane Inc.’s Alex Behm to lead its foray into the hot market of buying and selling private equity stakes. Behm, who previously worked as a deal lead at Hamilton...

AI Volatility Rattles Stock Traders Chasing Next Wave of Winners

Artificial intelligence infrastructure has been a solid stock market bet over the past year, with many of 2025’s best performers in the S&P 500 Index falling into the category. But the trade is getting volatile as some of the perceived winners start taking hits....