The U.S. Department of Justice is expected to brief state attorneys general this week on its plan to bring an antitrust lawsuit against Google, according to a report on Monday by The Washington Post, signaling that the case could be filed as soon as next week. Previous reports have said the case was expected before the end of September. Reported disagreements between Attorney General William...
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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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