Long maligned as the debt-addicted corporate raiders of Wall Street, private equity firms are resorting to an unusual maneuver to get deals done as borrowing costs spiral. They’re taking the leverage out of leveraged buyouts.

Well-timed greed is a long-standing American tradition.

Warren Buffett is famous for saying, "Be fearful when others are greedy, and be greedy when others are fearful." But before Buffett, there was J. Paul Getty, an oil tycoon and the patriarch of the Getty family who got his start buying shares of distressed oil companies during the Great Depression. And in the aftermath of the mortgage meltdown of 2008, while foreclosures were piling up, a new generation of well-capitalized players — from Blackstone to Steve Mnuchin — made their fortunes diving into troubled waters

The sector’s investment trusts have suffered a setback recently, but the long-term outlook remains compelling, says Max King. He assesses the performance and prospects of the industry’s key players

Canada’s economy lost momentum, supporting expectations a first cut to interest rates could come before summer,