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The market for CDOs continues to boom. But which of these products suit which types of investor? And which developments are genuine innovations?

How do fund managers aim for long-term performance when they are assessed over the short term? Henry Blodget offers an answer.

As US takeover activity booms again, corporate executives and their advisers are spending as much time weighing the legal implications of their decisions as the strategic benefits of bids. Welcome to M&A post Enron and Sarbanes-Oxley. Ted Kim reports.

return to San Francisco retells the growth story

return to San Francisco retells the growth story

US smaller-cap growth companies lost much of their investment banking support after the tech boom collapsed in 2000. But three firms with a solid research base and San Francisco roots are working hard to fill the gap. Antony Currie reports.

Leonel Fernández, the Dominican Republic's new president, is a man with a thankless task. After overhauling the Caribbean nation's economy during his first presidency in the late 1990s and laying the groundwork for rapid growth from 2000 onwards, he watched as his work was undone by his successor, Hipolito Mejía, who led the country into economic collapse and default in 2003.

Analysts were scrambling for their atlases last month after Khelb Altaya (Altai Bread), floated on the RTS. The small flotation, even by Russian standards, of the federation's biggest grain processor is the latest of a wave of "no name" corporates to pop up on investment bankers' radar from the flourishing ranks of second-tier companies.

Latin Americans learned long ago that they should not put too much trust in their currencies. Since the 1970s, hyperinflation, capital flight and economic collapse have been commonplace and many businesses have realized that holding their assets in US dollars was the only sure way to protect them. Currencies have been more stable in recent years, but even so between 2000 and 2003 they lost about half their value against the US dollar and Argentines still hold billions of dollars in savings abroad.

The drop in stock prices last month had some people wondering whether it was time for Alan Greenspan and the Federal Reserve to call a halt to raising interest rates.

Okinawa was always a rather improbable place to hold April's annual meeting of the Inter-American Development Bank (IDB), so perhaps it was not so surprising that this year's event had such an Alice In Wonderland feel to it. The role of Alice was played by hundreds of Japanese and Korean delegates, who took the opportunity to take their families to the beach while learning about the opportunities of trade with Latin America. Most had never been to an IDB meeting before, which probably made the whole event even curiouser to them than it was to those of the repeat delegates.

return to M&A's new dealmakers set to take the stand