The firm's settlement with the states was reminiscent of how broker-dealers handled various settlements in paying clients who bought auction rate securities.
Cerulli sees ETF assets more than doubling to $6T by 2020
Fund closure could put the spotlight on fixed-income ETFs, which are vulnerable because they are more liquid than their underlying assets.
<i>Breakfast with Benjamin</i>: This week's rate hike could hit the markets in a half dozen, mostly bad, ways.
Some advisers swear by it, while others shun it as useless legalese.
The carnage unfolding in the high-yield bond market has paved the way for serious gains in some managed futures funds.
<i>Breakfast with Benjamin</i>: The bond market selloff has sparked fears that the Fed might not hike rates today.
Plus: JPMorgan's David Kelly second-guesses the Fed, MLP investors hang on for dear life, and Joe Montana gets his VC groove on
<i>Breakfast with Benjamin</i>: More than a third of the outstanding U.S. high yield and leveraged loan universe is at risk in a rising-rate cycle.
A deficit of transparency and liquidity often leads to high costs and low returns.
Making the case for alternatives is less about the absolute returns they can deliver, but their potential over full market cycles.
<i>Breakfast with Benjamin</i>: Security guard/waiter/travel agent posing as a hedge fund manager has been convicted of stealing more than $800,000 from 17 investors.
Legion M offers hope for a Hollywood-level debut.
A commitment that can make investment performance a lesser priority.
New fund offers 11% yield, no fees, two-year lock-up to accredited investors, but it's risky.
<i>Breakfast with Benjamin</i>: The trend of redemptions could mark a turning point for pricey hedge fund strategies that sometimes underperform.
Three mutual funds just the start for Pzena Investment Management.
<i>Breakfast with Benjamin</i>: According to the COP21 conference in Paris this week, global warming is on a pace to eventually hurt the economy.
Standouts from Vanguard, Pimco and American Funds top the list. Did your favorite make the cut?
Firms would be wise to embrace a fuller mix of services to satisfy today's investors and differentiate themselves.
