It was late November 2016, and my Chinese counterpart, Vice Premier Wang Yang, was visiting Washington, DC. Over the course of my tenure as US Secretary of Commerce, the vice premier and I had developed a warm and candid relationship. Since this was to be our last official meeting, I decided to do something a bit different: take him to ...

GAM Holding AG should be applauded for moving swiftly to resolve the crisis engulfing its 7.3 billion Swiss francs ($7.3 billion) of unconstrained absolute return bond funds. But investors are about to learn how easy – or hard – it is to find buyers for such a large group of investments at acceptable prices. It could deliver a costly lesson ...

John Studzinski’s departure from Blackstone Group LP says something about the buyout firm and the value of rainmakers in the second half of their career. He’s among the finance industry’s most successful, best-connected dealmakers, with a global network and wide-ranging interests. Yet that didn’t make him invaluable to Blackstone, and suggests that advisers add most value when they work for ...