A wave of debt restructurings across the developing world mean the best pickings are gone, the fund's managers say.

At first blush, stock trading this week is hardly a paragon of the market-efficiency theory, an oft-romanticized idea in Economics 101. After all, big equity gauges plunged on Monday, spurred by fears ...

The strategist, who coined the popular Magnificent Seven term to refer to the handful of tech stocks that powered the S&P 500’s 70% rally since late-2022, said investors have become overexposed to US ...