- Invesco's scrambling efforts to prevent a money market fund from breaking the buck has come back to haunt the asset manager in the form of a $10.3 million settlement agreement with the Department of Labor. DOL says Invesco used a number of undisclosed measures to keep the money market fund shares from falling below $1. One measure included having an affiliate enter into a series of support agreements without adequately informing fund investors.
- Warren Buffett says Berkshire will continue to do fine under either a Donald Trump or Hillary Clinton presidency. Taking the long view.
- Heads up business travelers, here's a simple way to determine if you're getting a good deal on airfares. Just multiply to total roundtrip miles by .032.
- The Goldman Sachs gym where membership works like a progressive tax. Lowly analysts pay $43 a month, VPs pay $71, but managing directors have to pay $114.
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Invesco pays $10M DOL settlement for ERISA violation
Plus: Warren Buffett isn't sweating the election outcome, find out if you're getting a fair price for airfares, and a Goldman Sachs gym with progressive membership dues
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