New York City Retirement Systems, TIAA-CREF join group of investors alleging ARCP misrepresented the company's business, "engaged in a scheme to deceive the market and a course of conduct that artificially inflated prices of American Realty securities.”
Thanks to attractive levels of income and distinctive market exposure, publicly traded business development companies are gaining a foothold among mainstream investors. But are they right for you and your clients?
The vast majority of these funds are new, and they require scrutiny in context of other assets.
<i>Breakfast with Benjamin</i>: A stronger dollar and record valuations for global stocks have kicked the precious metal to the curb.
<i>Breakfast with Benjamin:</i> Real estate might not deliver as expected. Plus: This week, we'll really know how the drop in oil affected companies and consumers; in currencies, it's not all about the Swiss franc; it's budget day in Washington; and all the Super Bowl ads, in case you missed them.
Today's <i>Breakfast with Benjamin</i> includes gold hitting its highest level since September. Plus: Obama wants to tak 529 plans to fund free community college, emerging-market-debt managers emerge from the wreckage of 2014, and it's time to change some passwords.
The solid relative performance of alternatives makes the case for diversification of portfolios in 2015.
<i>Breakfast with Benjamin</i>: Pension funds never factored in that people would live as long as they're living. Plus: Fake hedge funder goes to extremes to cover his tracks, Congress to the rescue, and IRA missteps you can avoid
Former compliance officer alleges fraud at nontraded REIT helmed by Jacob Frydman.
Hedge fund manager tops most peers in January with an 8.3% gain.
Investors continue to see domestic stocks as the best thing going: Legg Mason survey.
<i>Breakfast with Benjamin</i> Despite beating 94% of its peers since Bill Gross left the company, Pimco's Total Return Fund still dropped $11.6 billion in January. Plus: Crude oil drives the markets, unbelievable unemployment data, and finding some investments buried beneath the winter snow.
Lifted advertising ban and pressure from liquid alts drive secretive managers into the open.
The wirehouse plans tools to explain the risks and benefits of hedge fund strategies to advisers whose allocations have been low.
<i>Breakfast with Benjamin</i>: Thousands of paintings by Pablo Picasso might be about to hit the market. Plus: Where to start to get a million bucks in your 401(k), never assume when it comes to retirement saving, and how Obama's budget targets big banks.
Meanwhile, ARC Healthcare goes liquid at $13.12 per share.
Finding precious few opportunities, some active portfolio managers are sitting on big piles of cash
'There's value to be found out there, but you have to look very carefully'
<i>Breakfast with Benjamin</i>: Warren Buffett wants President Obama to approve the Keystone pipeline. Plus: Rocky Mountain high tax revenues, ECB puts Greek debt in the doghouse, and institutional investors are bullish and careful.
In an open letter to ARCP, Corvex decries the board's track record and calls for its resignation.
