Bruce Berkowitz's Fairholme Capital Management will hold a 90-minute conference call with BofA CEO Brian Moynihan on Aug. 10 during which investors in the Fairholme Fund, which holds 92.6 million shares of the bank, will get to ask about its sagging share price.
Investors should buy Fannie Mae and Freddie Mac mortgage-backed securities, which have slumped in response to planned changes to the government-supported companies' refinancing rules, according to Pacific Investment Management Co. LLC
Frank A. Barbera Jr., co-portfolio manager of the Sierra Core Retirement Fund, tracks a staggering number of jobs reports and other economic indicators. They all say the same thing, he says.
Fed head criticizes rater's proposal to reveal which funds might be bailed out during market panics
UBS AG, Switzerland's biggest bank, will pay $12 million to resolve Financial Industry Regulatory Authority claims that a brokerage unit allowed millions of short-sale orders to be placed without reasonable grounds to believe that the securities could be delivered.
Junk bonds are becoming as attractive as stocks as relative yields on the debt soar to a two-year high and a U.S. recession becomes likelier, according to JPMorgan Chase & Co.
If you need another sign that investors are completely spooked by the stock market, consider this: The Roosevelt Investment Group Inc., a $5 billion asset management and advisory firm known for its hefty stock allocations, is moving into the fixed-income space
Barton Biggs, a hedge fund manager who bought stocks when the market bottomed in March 2009, recently boosted bullish bets on equities in his Traxis Global Equity Macro Fund, citing improving U.S. economic data
The supercommittee charged with putting together a deficit reduction package by Thanksgiving isn't likely to find the seven votes it needs to trim the tax exemption for investing in municipalities.
The Clare at Water Tower missed $229m payment this month
Morgan Keegan & Co. Inc. won a small victory last week when a class action brought by investors in a Tennessee state court was dismissed by a federal judge. But it doesn't look as if the troubled securities firm is any closer to being sold than when its parent company, Regions Financial Corp., put it up for sale three months ago
Turbulence is where this hedge fund manager thrives
Nassim Nicholas Taleb, author of the best-selling book “The Black Swan,” said the current global market turmoil is worse than it was in 2008 because countries such as the U.S. have larger sovereign-debt loads.
A survey by Natixis found that about 47% of some 463 investors said they are worried about losing money due to volatility, but most still aren't interested in alternative products and strategies.
The top fund hawkers generally take the same approach to winning over advisers
BlackRock Inc., which controls 42% of the exchange-traded-fund market, is calling on its peers and regulators to raise their standards in terms of transparency and oversight of ETFs
Morningstar Inc. will begin ranking exchange-traded-fund managed portfolios, the company said last week in Chicago at its ETF Invest Conference
Raymond James Financial Inc. aims to have a no-fee ETF program up and running within six months.
