The number of U.S. stocks in Berkshire's $51 billion stock portfolio slipped to 33 as of March 31, compared with 39 a year earlier and 37 in 2008. Here are some of the notable reductions —and eliminations— Berkshire's portfolio.
Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that accused the Wall Street giant of misleading buyers of mortgage-related investments.
Gitterman & Associates, a 10-person team in Georgia, has found a new home.
Fixed-income fund managers likely will face heightened margin requirements when trading privately negotiated derivatives under the new financial services reform bill.
Bank of America Corp. and Wells Fargo are pushing their customers to buy more brokerage, savings and banking services from them as the weak economy and new regulations make it harder to earn money from loans and investment banking.
With the euro under pressure during May 2010 and concerns about slower growth in Asia, S&P Equity Research believes that choosing a global mutual fund based solely on a fund's track record comes with risks as most funds that outperformed in 2009 underperformed in 2008.
Growth and value investors think of themselves as proud rivals, writes John Dorfman, chairman of Thunderstorm Capital. But the best stocks usually are ones that show characteristics of both styles.
Why hedge fund portfolios are defined to a far greater extent by the simple avoidance of a series of classic mistakes.
Clearing firms, facing declining revenue and increased competition, have something new to worry about: More and more broker-dealers are seeking loans as an incentive to sign on with a new firm.
