Dynamic Advisor Solutions LLC and other hedge funds have increased or established new positions in Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO), a closed-end fixed income mutual fund. The fund recently declared a dividend, with shareholders set to receive $0.122 per share. Key transactions include Dynamic Advisor Solutions LLC purchasing 56,864 shares valued at $658,000, and Ameriprise Financial Inc. increasing its holdings by 18.5%.

The Nifty 50 index rose 0.08% to 24,354.50, while the S&P BSE Sensex gained 0.11% to 80,371.67. Oil & gas shares advanced for the third consecutive day, with major players like Indraprastha Gas and Indian Oil Corporation posting significant gains. Bajaj Finserv and Bajaj Finance saw sharp declines, while UTI Asset Management fell due to declining profits. Bajaj Finance announced a special dividend and share split, with key financial details outlined.

A recent study highlighted that 85% of financial institutions (FIs) anticipate a return on investment (ROI) from third-party risk management (TPRM) programs, driven by cost savings from enhanced cybersecurity and vendor oversight. The study was released by a software company that specializes in TPRM.

In its Q4 2024 investor letter, River Road Large Cap Value Select Fund highlighted Lennar Corporation (NYSE: LEN), a US-based homebuilder, as one of the largest U.S. homebuilders. Despite strong long-term fundamentals driven by a severe housing supply deficit, Lennar's stock performance suffered in Q4 due to rising mortgage rates and sales stalling. The fund continues to hold Lennar despite near-term headwinds, emphasizing the company's strategic evolution and market dominance.

Bob Michele, global head of fixed income at JPMorgan Asset Management, predicts that the Federal Reserve may cut interest rates before its next meeting in May. This forecast is part of a special edition of 'Bloomberg Surveillance' and reflects the current economic outlook.