How do institutional investors obtain accurate closing prices for thinly traded securities? What normally is an interesting question became a bit more compelling after the Wall Street Journal reported Oct. 13 that net asset values (NAVs) for high- yield bond funds did not immediately reflect a Columbus Day rout in the market for below-investment grade or "junk" bonds.
On Oct. 12, banks and the U.S. Treasury market was closed in observance of Columbus Day, but corporate bonds -- including jun
Should regulators take a more active role when it comes to AI oversight, or leave it to the professionals? What will M&A look like in 2018?Subscribe to Weekly Wrap emails