Tobacco

Tobacco stocks have traditionally performed strongly as defensive equity assets, but some big investors are now starting to divest from the industry.

Investment managers have long used a variation of the martial art of aikido to take advantage of asset owners. It’s time for the latter to turn the tables.

It’s eight straight years on top for Morgan Stanley’s David Adelman, who wins praise from clients for “thinking beyond the quarters” and for being “the first call on tobacco.”

Naomi Takagi rises one rung to finish on top for the first time.

Morgan Stanley’s David Adelman, in the winner’s circle for a seventh straight year, “is quite possibly the most thoughtful and insightful tobacco.

Tobacco giant rides out the recession by selling $4.2 billion in bonds.