Move comes on heels of record withdrawals from Pimco Total Return after Gross exit
Central banks' efforts to fuel inflation have pushed up financial assets, rather than prices in the real economy.
After Nicholas Schorsch's giant traded REIT, American Realty Capital Properties, <a href="http://www.investmentnews.com/article/20141029/FREE/141029916">revealed a big accounting debacle</a>, one large broker-dealer network temporarily put a stop to sales of one of Mr. Schorsch's nontraded REITs.
The chief financial officer and chief accounting officer of the Nicholas Schorsch-controlled real estate giant are out after company uncovers $23M in accounting errors in recent financial statements that it says were intentionally not fixed.
Head of the agency's Division of Investment Management will leave before the end of the month
Chances high for a year-end rally but if bears take control, longer-term bets could be at risk.
The revelation of accounting errors at Nick Schorsch's flagship REIT, American Realty Capital Properties, could not have come at a worse time. Here's why. <i>(Also: <a href="http://www.investmentnews.com/article/20141030/FREE/141039985/national-planning-holdings-puts-kibosh-on-arc-nontraded-reit-sales" target="_blank">BD puts kibosh on ARC nontraded REIT sales</a>)</i>
SEC official tells alternative mutual funds to define principal strategies for investors.
Pattern of investors moving out of stocks could be set for balance of the year and into 2015.
<i>Breakfast with Benjamin</i>: The bitter economic costs of cheap oil, plus notes on taking advantage of the rising dollar, avoiding bond funds like the plague, and running toward market volatility.
One upside to the stock market carnage of the past week or two is that the wildly popular alternative-strategy mutual funds, better known as liquid alts, have finally been tested on the open road.
Nicholas Schorsch's own broker-dealer joined the wave of B-Ds bailing out of the REIT czar's products.<i>(Also: <a href="http://www.investmentnews.com/article/20141105/FREE/141109966/with-stock-off-sharply-schorschs-rcs-capital-says-were-not-arcp" target="_blank">Schorsch's RCAP to investors: 'We're not ARCP.'</a>)</i>
Bank of Japan unexpectedly boosts monetary expansion and equity investors cheer; yen drops sharply.
Economy on stable track but investors will watch economic reports on growth, unemployment, consumption.
Claims over the firm's Puerto Rican bond funds exceed $900 million, three times as much as in the first quarter, and plaintiffs' attorneys say the number will probably climb higher.
Recent global economic and political turmoil leads to doubt about forecasts from Federal Reserve officials &mdash; and most Wall Street economists &mdash; that the Fed will begin to lift its benchmark interest rates in mid-2015.
Money manager instituted or lowered voluntary caps on share classes of its Low Duration, Core Bond and Total Return funds.
<i>Breakfast with Benjamin:</i> What will Janet Yellen and the other Fed policy makers say, and how will investors react? Plus: Why focus on the Fed at all? And traps to avoid on the way to success, Facebook earnings, private equity risks and Game 7
50-basis-point intraday swing Oct. 15 caused by investors betting on rising rates - and bailing out
