The fees with Blackstone Group's nontraded fund of hedge funds make 2 and 20 not so bad. Are the returns strong enough to justify the stiff cost structure?
Economists say initial cut sets the mold as Bernanke emphasizes flexibility.
Long-awaited first step in program to cut back monthly purchases to support recovery
From futures to derivatives, traders don't see the Federal Reserve raising its benchmark interest rate from a record low until nine months after policymakers end their monthly bond purchases of $85 billion, or late 2015.
Private capital flows into emerging markets forecast to drop $153B to $1.1T in 2013.
Subpar performance prompted investors to pull money for the 18th consecutive quarter.
CEO Laurence D. Fink said BlackRock has the potential to increase its asset base by about 5% annually by developing new ETFs and expanding its reach among individual investors.
Today's Breakfast with Benjamin features BlackRock's settlement with the N.Y. attorney general. Plus: Stock futures looking up, activist hedge funds rock, a look at 4Q earnings, the myth of cybersecurity, retirement mistakes to avoid and the upside of office relationships.
Fund comes with no sales load but 12(b)-1 fee, performance fee and expense ratio.
The BlackRock Global Long/Short Equity Fund is a computer nerd's dream and, with its ability to zig when the rest of the market zags, a potentially valuable addition to a portfolio.
Real estate investor is joining forces with Chesapeake Energy's former CEO to raise up to $2B.
The $1.7 billion American Realty Capital Healthcare Trust Inc., headed by REIT mogul Nicholas Schorsch, will list its common stock on a national stock exchange in one of the first of what one analyst expects to be up to $20 billion of liquidity events of nontraded REITs over the next two years.
Contrafund manager tops S&P 500 (and his peers) over just about every time period.
“It's a very large source of demand” from the pension funds, said Jeffrey Gundlach, chief executive officer of DoubleLine Capital LP.
Edward Jones is launching a proprietary fund. The bigger question is why?
Today: What to expect from Davos ... but remember how Davos big-thinkers whiffed last year. Also: Time to worry about deflation again, hedge funds go for the gold, a Super Bowl market indicator, and Happy MLK Day.
Fees eliminated altogether for large accounts as part of a rebranding of the funds to make them more attractive to advisers.
Elimination of the tax break is unlikely amid Washington political divide.
