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....

BNY CEO Calls Attacks on Federal Reserve ‘Counter-Productive’

Bank of New York Mellon Corp.’s top executive called the US Justice Department’s attacks on the Federal Reserve “counter-productive” to the Trump administration’s goals of boosting the US economy and prioritizing affordability. The US central bank’s independence has...

Citi Says Europe Could Also Face Central Bank Independence Risk

Central bank independence could come under threat in Europe over the coming years, should an ongoing move toward issuing shorter-dated bonds tempt politicians to push for lower interest rates, according to Citigroup Inc. Monetary policy is already under pressure in...