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RIA NEWS SEP 02, 2015
First crowdfunded condos in Manhattan to be unveiled

Crowdfunding for commercial real estate will more than double to $2.57 billion this year.

Flash crashes make headlines but have little economic impact: Citigroup
EQUITIES SEP 02, 2015
Flash crashes make headlines but have little economic impact: Citigroup

Researcher cites four examples of extreme market moves that failed to derail the recovery.

Pimco stops offering equity in firm to top managers
RIA NEWS SEP 02, 2015
Pimco stops offering equity in firm to top managers

New long-term incentive plan replacing the M shares tilts compensation away from growth and toward guaranteed payouts.

UBS agrees to settle hedge fund's lawsuit over asset-backed securities
REGULATION AND LEGISLATION SEP 01, 2015
UBS agrees to settle hedge fund's lawsuit over asset-backed securities

Pursuit Partners sued the wirehouse in 2008, accusing it of selling it $40.5 million of collateralized debt obligations that some of the bank's employees referred to as “vomit” and “crap” in e-mails.

Berkowitz's Fairholme Fund beating its peers amid rising volatility
EQUITIES SEP 01, 2015
Berkowitz's Fairholme Fund beating its peers amid rising volatility

Big gains in Sears, St. Joe help $5.9 billion fund avoid heavy losses as stocks drop.

RIA NEWS SEP 01, 2015
Low-volatility ETFs can protect you from stomach-churning market swings

The price for a smoother ride is lower returns.

BlackRock, Vanguard, Fidelity push back on DOL fiduciary
REGULATION AND LEGISLATION AUG 27, 2015
BlackRock, Vanguard, Fidelity push back on DOL fiduciary

BlackRock says rule favors index funds, Vanguard finds 'serious problems' and Fidelity wants proposal simplified.

PRACTICE MANAGEMENT AUG 26, 2015
Wall Street is losing talented executives to cities like Cleveland and Pittsburgh

Regional banks lure half of new executives from biggest rivals — an ex-Goldman manager said: 'We could give our daughter a better life.'

RIA NEWS AUG 26, 2015
Art collectors scramble to find liquidity during stock-market tumble

Some have asked about borrowing against their art collections, while others want to sell works.

RIA NEWS AUG 25, 2015
Investors pull another $1.8 billion from Pimco Total Return

Assets drop below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013 peak.