SoftBank founder Masayoshi Son will join a board overseeing construction of Indonesia’s new capital. Indonesia is embarking on a massive project to build a new capital on the island of Borneo to ease congestion in Jakarta, the old capital that is literally sinking. Bloomberg reported that Abu Dhabi Crown Prince Mohammed Bin Zayed Al Nahyan will chair the panel which will also include former...
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Where Did All the Traders Go? Investment Funds Lean on Outsourcing to Cut Costs
More and more investment funds are outsourcing their trading, a move that cuts costs and aims to boost returns but also poses risks for the funds’ portfolios and underlying investors. Once a niche Wall Street business that catered to young hedge funds, outsourced trading has now attracted mutual funds, pension funds and other asset managers, including some of the biggest firms on Wall...
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