<i>Breakfast with Benjamin:</i> Janet Yellen takes the helm (and the heat). Plus, data breach at Barclays, Pimco's guide to reducing volatility, investing when you're really scared, and investing when you're in love.
The fund giant also eliminating the $10K minimum investment required for advisers and institutions to qualify for Admiral Shares of 14 index funds.
Today: What hedge funds fleeing the market means. Plus, buck up, investment banker bonus week is here; building your own mutual fund; clean energy stocks; getting the most out of Siri; and more.
In today's Breakfast with Benjamin: Two big investment houses recommend exiting emerging markets. Also: Credit Suisse offloads risky assets, investment gurus get nervous about 2014, cold weather and a weak economy, and what will cost more this year.
Live from the <i>IN</i> Alternatives Conference: 'But 20% will start to make a difference,' she says
The search for new portfolio ballast
Advisers are debating why Pimco's co-CIO unexpectedly resigned but most agree that with Bill Gross in charge of investment strategy, the firm is not likely to take a hit to its reputation or suffer major fund outflows.
The problem is complex: With bonds in the dumps, many advisers are cutting their clients' allocations to fixed income. But they have to figure out where to put that money, because it's not a slam-dunk “toss it into stocks” decision.
Today: How Pimco misread the Fed's tapering plan, plus: Gold starts to shine, the dollar rallies and ETFs are on track to overtake hedge funds. Also: Oops, Obamacare forgot to include an option for adding babies to insurance.
