Alternatives

• A Compelling Case for Investing in Law Firms

  Investors want to tap the legal industry’s impressive profit margins.

• Carving Up Commercial Mortgage Backed Securities

  Wall Street turns to resecuritization to meet growing demand for high-rated CMBSs.

• Franklin Local Managers Thrive in Emerging Markets

  Network of local fund managers help Franklin Templeton profit from the growth in emerging markets.

Asset Management

• What's Behind J.P. Morgan's Shuffle?

  CEO Jamie Dimon taps Jes Staley to run the bank’s lucrative investment banking business.

• Hard Times Humble the Eminence Grise of Emerging Markets

  Despite performance woes, Templeton Asset's Mark Mobius has been a leading fixture in emerging markets.

• Franklin Local Managers Thrive in Emerging Markets

  Network of local fund managers help Franklin Templeton profit from the growth in emerging markets.

Banking & Capital Markets

• Stefan Selig Has Grand Ambitions for BofA-Merrill

  Bank of America-Merrill Lynch's Stefan Selig looks to capitalize on the broader reach of his newly combined firm's investment banking franchise to make it one of the top-three players in equity, debt and M&A in the U.S. and globally.

• Kenichi Watanabe Aims to Transform Nomura Into Global Powerhouse

  Kenichi Watanabe hopes to finally transform Japan’s Nomura Holdings into a worldwide securities leader.

Green Investing

• Environmental Alpha

  In his new book, Angelo Calvello describes climate change as the “mother of all investment themes.”

• Effective Green Investments In Emerging Markets

  Investors are paying more attention to cleantech opportunities in emerging markets.

• Environmentally Friendly European Climate Exchange

  CEO Patrick Birley has positioned the ECX to profit from Europe's leadership position in cap-and-trade.

Investment Strategies

• Carving Up Commercial Mortgage Backed Securities

  Wall Street turns to resecuritization to meet growing demand for high-rated CMBSs.

• Passive Investments Squeeze Profits for Asset Managers

  A recent IBM survey suggests that an investor shift to more conservative options is pinching operating margins for asset managers.

• UPS Poised To Profit From Recovery

  CEO D. Scott Davis explains why UPS is positioned to profit as the economy recovers.

Exchanges & Trading

• Cashing In On Carbon Credits

  Commodities traders exploit inefficiencies in U.S. carbon trading. But what if Washington adopts federal regulations, can it last?

• Hedge-Like Mutual Funds For Joe Six-Pack

  A growing number of money management firms are launching hedge fund–like mutual funds.

• SEC OKs Clearly Erroneous Trade Rules

  SEC consents to new exchange rules for breaking “clearly erroneous” trades.

Global Markets

• Coming of Age in China

  Editor's Note: China seems to defy the economic rules that apply to the rest of the world.

• Saudi Scandal Lifts Veil On Gulf Finance

  A multibillion-dollar Saudi debt default generates pressure for corporate governance reforms in the Gulf.

• Franklin Local Managers Thrive in Emerging Markets

  Network of local fund managers help Franklin Templeton profit from the growth in emerging markets.

Pensions & Endowments

• San Diego CIO Outsources Job to Himself

  San Diego County CIO Lee Partridge farms out endowment management to himself.

• Barrett Wissman: The Go-Between

  First to roll over publicly in NY Attorney General's pension fund kickback investigation.

• Frank Foy: The Whistle Blower

  Former CIO of the New Mexico Educational Retirement Board files two "whistle-blower" lawsuits.

Regulation

• Alan Hevesi: The Politico

  NY state comptroller resigned in 2006 after pleading guilty to defrauding the government by using public employees for personal reasons.

• Saul Meyer: The Faustian Pact-Maker

  Aldus Equity co-founder charged with paying kickbacks to a political pal of former NY comptroller Alan Hevesi.

• What We Said About a Banking Crisis

  November 1990 — Institutional Investor audaciously called for a banking crisis in America.

Research

• China's Top Fund Managers Stay the Course

  China’s top fund managers work hard to retain investor loyalty.

• Is This Your First Time?

  2009 All-America Research Team Slideshow features some analysts who made their first appearance in the No. 1 spot.

• 2009 All-America Research Team: A Time To Rebuild

  Money managers want these top analysts to guide them through the economic recovery.