Trading firm Tower Research to launch fund for outside investors
High-frequency market makers are seeking new avenues for growth as competition rises
High-frequency market makers are seeking new avenues for growth as competition rises

Trend puts pressure on brokerages and investment banks

Volatility is keeping market-making desks active at a time when mergers and issuance have slowed

The three lessons I learned as a professional money manager

Bankers and lawyers cautiously optimistic that investor confidence is returning

Flood of money into evergreen vehicles has meant 7.5% share carved out in fund terms no longer sufficient

Record haul surpasses investment banks which once dominated Wall Street