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...Bets against technology, healthcare and consumer discretionary stocks were among the most costly for hedge funds, S3’s data shows....
...And, thus, hot springs, including the great McCauley, Jemez, Spence, and perhaps the most dramatic of them all, San Antonio....
...That is probably at the heart of it,” says Mr McCauley, whose institution manages $178bn in assets. “But some investors are also very deferential to management....
...As of May, the roles were combined in 53 per cent of S&P 500 companies, according to ISS QuickScore data. Among BofA’s closest peers, only one — Citigroup — has an independent chair....
...Since Mr Moynihan, a gruff former lawyer, took the top spot in January 2010 shares in the bank have risen about 5 per cent, lagging behind both the S&P 500 (+75 per cent) and the broader banks index (+57...
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