European Stocks Little Changed as Espirito Santo Declines

European stocks were little changed as investors awaited minutes from the Federal Reserve’s most recent meeting and as Banco Espirito Santo SA led Portuguese stocks to this year’s low.

Swiss equity haven may lose out as risk appetite rises

LONDON: Signs of an impending retreat from buoyant Swiss stocks may signal the start of a new hunger for risk among investors.

KKR Hires Morgan Stanley’s Henry McVey to Advise on Macro-Economic Trends

KKR & Co., the leveraged-buyout firm led by Henry Kravis and George Roberts, hired Morgan Stanley’s Henry McVey to advise it on macro-economic trends.

McVey, who will be head of global macro and asset allocation, will help KKR and its clients assess global economic issues across the firm’s businesses, including private equity and hedge funds, New York-based KKR said today in a statement. Cyril Moulle-Berteaux, a founding partner of hedge fund Traxis Partners LP, is replacing McVey as head of the global asset- allocation team at Morgan Stanley, the New York-based bank said in a separate statement.