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Janus portfolio manager sees more biotech gains on Trump

A man uses an umbrella to guard against snowfall as he walks past the Nasdaq MarketSite in Times Square, Midtown New York March 20, 2015. REUTERS/Adrees Latif Biotech stocks still have room to rise after the election of Donald Trump as U.S. president, which re... More »

Fund managers boost bets on health care even amid high prices

NEW YORK Last July, when Federal Reserve Chair Janet Yellen spurred a sell-off in healthcare stocks by saying that valuations in shares of biotech companies looked “stretched,” portfolio manager Graham Tanaka saw an opportunity. After a year-long buying spree,... More »

Banks see talent flee amid healthcare M&A boom

NEW YORK (Reuters) – Several high-ranking bankers have left their jobs at major investment banks in the last 13 months amid a surge in U.S. healthcare deal activity to seek better compensation at boutique investment banks as well as to participate in the growt... More »