Jana Partners Adds to AIG and Hertz Holdings

Jana Partners LLC, the $10 billion hedge-fund firm run by Barry Rosenstein, bought shares of FMC Corp. and exited stakes in Sirius XM Holdings Inc. and Juniper Networks Inc. during the second ...

Derivatives Are Returning, With a Makeover

Derivatives that helped inflate the 2007 credit bubble are being remade for a new generation. JPMorgan Chase & Co. is offering a swap contract tied to a speculative-grade loan index that makes it ...

Assurant Names New Chief Investment Officer

Assurant Inc., an insurer of consumer electronics and foreclosed homes, promoted Eric Greenman to oversee a $16 billion investment portfolio. Greenman was named chief investment officer, effective ...

Allianz’s Pimco Plans For More Democratic Future

When Bill Gross eventually retires as chief investment officer of California-based asset manager Pimco, his "Bond King" crown will go with him. Allianz, the German insurer which owns Pimco, wants to ...