Calpers’ Hedge Fund Exit Stemmed From Challenge to Expand Assets
Pension plan's decision to divest $4 billion from hedge funds came after officials concluded the program couldn’t be expanded enough to justify the costs.
Roubini: ‘New Cold War’ Starting in Ukraine; Europe Recession Possible
Nouriel Roubini has a dark warning about what will happen if a "hot war" breaks out between Ukraine and Russia.
PIMCO’s Gross: ‘Era of Getting Rich Quickly Is Over’
Bill Gross talks to Bloomberg TV about bond-market tumult, why China is like "mystery meat" and what could be next for Mohamed El-Erian.
‘If You Want to Speculate, Don't Call Yourself a Bank’—TD Bank CEO
Bloomberg TV’s Erik Schatzker sat down with Edmund Clark, who calls himself “an old-fashioned banker.”
Goldman’s Blankfein Feels ‘Shame’ for Underestimating Firm’s Importance
The Goldman CEO believes firm is still ‘vampire squid’ is eyes of consumer.
BofA CEO Moynihan Rebuts Morgan’s Gorman Over Pay
In a direct rebuttal to Morgan Stanley CEO James Gorman's opinion that workers upset about pay and bonuses should leave, Bank of America CEO Brian Moynihan said that talks to cut employees' pay are 'honest and open' and that he doesn't share Gorman's opinion.
BlackRock’s Fink, PIMCO’s Gross Sound Off on Economy, Occupy Protests
Larry Fink of BlackRock and Bill Gross of PIMCO sat down on Thursday with Bloomberg Television's Erik Schatzker for a conversation at an alumni event hosted by UCLA Anderson School of Management. Both men are alums of the school, having graduated five years apart.