Synergy Set To Sell Gateway Property In Seaport District
Boston-based Synergy Investments has agreed to sell an 8-story office building overlooking Boston’s Fort Point Channel for a big windfall after five years of ownership.
Boston-based Synergy Investments has agreed to sell an 8-story office building overlooking Boston’s Fort Point Channel for a big windfall after five years of ownership.
Morgan Stanley, the largest U.S. brokerage by salesforce, said on Wednesday it is dropping mutual funds from Vanguard Group, the largest U.S. mutual fund firm.
Morgan Stanley reported a 74 percent jump in quarterly profit on Wednesday, topping analysts’ estimates as revenue from bond trading nearly doubled following interest rate hikes by the Federal Reserve.
Senior Morgan Stanley executives collectively earned about $10.5 million over the past week by exercising options and selling shares, with most of them profiting from an election-fueled rally in bank stocks, according to securities filings.
State officials have charged Morgan Stanley with dishonest and unethical conduct, saying it ran high-pressure sales contests.
ValueAct Capital Management’s newly acquired stake in Morgan Stanley underscores how tempting big bank stocks are for activist investors, but also how difficult it can be for them to move the needle in terms of performance.