Investment bank fees from M&A and other deal making is on the mend.
PIMCO continues to expand its equities platform and hired several executives with expertise in emerging markets. [Press Release]
Hedge fund assets to hit record high, and 83% of sovereign wealth and 72% pension funds expanding hedge teams [Bloomberg]
SEC rule proposal won't restrict upfront bonuses. [InvestmentNews]
UBS lost several key execs, including one to B of A, which may shift the balance of power in prime brokerage. [WSJ]
Los Angeles-based investment bank Imperial Capital formed a high grade/hybrid sales & trading group, adding staff to manage it. [Marketwire]
Watch out big boys: RIAs are giving you a run for your money. [Bloomberg]