Bloomberg Jim McCaughan, who oversees more than $390 billion at Principal Global Investors, cautioned against betting on European stocks, even after they trailed US equities for years. “I see this as a value trap,” McCaughan said in an interview on Bloomberg Television. “I don’t see where the growth is coming from in Europe, and I see lots of risk. …

  Bloomberg South Africa’s antitrust investigators urged that a dozen banks be fined for colluding and manipulating trades in the rand, becoming potentially the latest in a string of penalties handed to lenders around the world for rigging currencies. The Competition Commission identified lenders including Bank of America Merrill Lynch, HSBC Holdings Plc, BNP Paribas SA, Credit Suisse Group AG, …

  Bloomberg When Rob Boardman is scouring Dublin to hire for his firm’s electronic broking and dark-pool business, it can take up to a year to find the right candidate. “It’s a question of quantity of talent, not quality,” said Boardman, Investment Technology Group Inc.’s European chief executive officer, who has been recruiting in the city since 2010. “It can …