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Financial services and insurance, most read


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Financial services and insurance, most read

Most read stories for theweek include the departure of Piper Jaffray's head of FIG equity sales andMetLife's plan to downsize its hedge fund portfolio.

1.Head of FIG equity sales leavingPiper Jaffray

AdamAspes, head of equity sales for Piper Jaffray Cos.'s financial institutions group, isleaving the firm.

2.MetLife to drastically reducehedge fund portfolio

plans toconsiderably downsize its hedge fund portfolio. The company expects to reducethe portfolio by another two-thirds from where it stands currently, said StevenGoulart, MetLife's chief investment officer and executive vice president, on aMay 5 earnings call.

3.Apollo Global busy on privateequity capital deployment despite volatility in Q1

'sfirst quarter was one of the busiest periods for capital deployment in thealternative asset manager's history.

4.Berkshire Hathaway hails itssuccess, assails business world's bad actors

Theworldwide debut of BerkshireHathaway Inc.'s annual meeting featured a heavy dose of blunt talkfrom its star, Warren Buffett, who sought to pitch his company as thecommon-sense alternative in an increasingly fraught business world.

5.UnitedHealth's exchange marketexits signal growing faith in Optum

exits from stateexchanges emphasize the company's shift away from its core insurance businessand toward an Optum-driven future as a health care conglomerate.