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Mutual-fund-to-ETF conversions fail to wow investors
INVESTING MUTUAL FUNDS FEB 14, 2023
Mutual-fund-to-ETF conversions fail to wow investors

More than a third of converted funds have posted net outflows since they made the switch, according to data compiled by Bloomberg.

State Street using AI as a ‘forward-looking approach' to portfolio construction
YOUR PRACTICE FINTECH FEB 13, 2023
State Street using AI as a ‘forward-looking approach' to portfolio construction

AI can give you a deeper breadth of opportunities and broaden your scope of companies that may be considered innovative, according to State Street’s Matt Bartolini.

Fears that a comfortable retirement may be unattainable continue to grow
RETIREMENT RETIREMENT PLANNING FEB 10, 2023
Fears that a comfortable retirement may be unattainable continue to grow

Prior to the expansion of state pension systems in the 20th century, it was only the rich who could reasonably expect comfortable leisure time at the end of their lives.

Vanguard's tax-busting fund design may face competition   
INVESTING ETFS FEB 09, 2023
Vanguard's tax-busting fund design may face competition   

PGIA has filed to replicate Vanguard’s model, which if approved, could potentially apply to 20 products with about $100 billion spread across the mutual fund issuer's 5 US subsidiaries.

Labor Secretary Marty Walsh expected to step down to take job as head of NHL players union
RETIREMENT RETIREMENT PLANNING FEB 08, 2023
Labor Secretary Marty Walsh expected to step down to take job as head of NHL players union

When Walsh will officially step down has not yet been announced but Deputy Secretary Julie Su is expected to become acting head of the agency.

White House criticizes proposed GOP commission as 'death panel' for Social Security
RETIREMENT RETIREMENT PLANNING FEB 07, 2023
White House criticizes proposed GOP commission as 'death panel' for Social Security

House Republicans had suggested negotiations on the debt limit could include an agreement to set up a commission to negotiate later changes to Social Security and Medicare to extend the programs' solvency.

Pimco's Daniel Ivascyn closes in on his next big trade
INVESTING MUTUAL FUNDS FEB 06, 2023
Pimco's Daniel Ivascyn closes in on his next big trade

After making a killing by scooping up speculative mortgage debt on the cheap in the wake of the financial crisis, Ivascyn expects the next big opportunity to come in corporate debt.

JPMorgan asks judge to throw out lawsuit over Jeffrey Epstein
NEWS REGULATION AND LEGISLATION FEB 02, 2023
JPMorgan asks judge to throw out lawsuit over Jeffrey Epstein

U.S. Virgin Islands claims the bank turned a blind eye to Epstein sex-trafficking, calling the allegation a 'masterclass in deflection.'

Federal Reserve raises rates by a quarter point
NEWS INDUSTRY NEWS FEB 01, 2023
Federal Reserve raises rates by a quarter point

Chair Jerome Powell and fellow policymakers lifted the Fed’s target for its benchmark rate to a range of 4.5% to 4.75%.

Blackstone's BREIT hit monthly redemption limit in January
INVESTING ALTERNATIVES FEB 01, 2023
Blackstone's BREIT hit monthly redemption limit in January

Blackstone Real Estate Income Trust told investors that it fulfilled repurchase requests for 2% of its net asset value.