Pacific Investment Management Co.'s Bill Gross said asset markets from stocks to real estate are not overpriced because the Federal Reserve's long-term policy rate will be half of what policymakers are forecasting.
Global regulators face a backlash from some of the world's largest asset managers including Pacific Investment Management Co., Fidelity Investments, and BlackRock Inc. over plans that could single them out for tougher regulation.
Carolyn Kaufman, a former president of a Prim Capital Corp. advisory services unit, was sentenced to 3 years' probation, including 6 months under house arrest, for lying to a grand jury investigating a fraud against the National Basketball Players Association.
U.S. fund companies are pushing back against claims that some firms may be too big to fail, saying that singling out a few large money managers and subjecting them to more regulation would hurt competition and ultimately fund investors.
Ben Pace, Deutsche Bank AG's chief investment officer for wealth management in the Americas, is leaving, according to two people with knowledge of the matter.
Jordan Belfort, whose memoir was turned into a film by Martin Scorsese, expects to earn more from his story than he did as stockbroker, allowing him to repay the victims of his financial fraud. 'Greed is not good. Ambition is good, passion is good,' he says.
The duo, who claimed Mark Zuckerberg stole their idea for a social-networking website, are seeking to open the Winklevoss Bitcoin Trust as the first ETF tracking a virtual asset.
Premature withdrawals from retirement accounts have become America's new piggy bank, cracked open in record amounts during lean times by people such as Cindy Cromie, who needed the money to rent a U-Haul and start a new life.
The duo are seeking to open the Winklevoss Bitcoin Trust as the first ETF tracking a virtual asset. The SEC, meanwhile, has issued an alert warning investors about the dangers of such investments.
David Einhorn, manager of the $10 billion Greenlight Capital Inc., said he found a recent dinner conversation with former Federal Reserve chairman Ben S. Bernanke scary.
