In an age of automation, broker-dealers interested in alternative investments -- hedge funds, LLPs,, non-traded REITs and the like -- still rely on phone calls and faxes to conduct transactions. A new platform could change all that.
In a commentary two weeks ago, I rebutted dangerously silly arguments put forward by New York Times columnist Paul Krugman about how the United States should pressure China to drop its support for the U.S. dollar.
In his latest weekly New York Times column, Nobel Prize-winning economist Paul Krugman put forward arguments that were so nonsensical that the award committee should ask for its medal back.
Boone Pickens bullish on BP -- the oil company, that is; 'a little more heat' to come
Depressions, and recessions, are even more difficult to predict than the stock market. Yet, most economists agree the recession ended around this time last year.
Why is highly rated fund manager David Ellison buying up bank stocks? It all goes back to something he learned from his former boss, Peter Lynch.
Forget a recovery: the U.S. economy is in a deep deep hole, says the Nobel Laureate. And without more stimulus programs, digging out may take years.
Sees 20% to 30% returns on clean tech; 'small base' a big plus
Dennis Stattman is a senior portfolio manager of the BlackRock Global Allocation Fund.
MetLife Inc., the biggest U.S. life insurer, agreed to pay the government $13.5 million to resolve an investigation into “improper” payments to a San Diego-based broker that sold the company's coverage.
Insurance regulators state legislators plan to tackle the thorny issue of insurable interest with regard to annuity sales, preparing the groundwork for changes that could discourage stranger-originated-annuity transactions.
These investments — wherein a third party purchases an annuity with a death benefit and assigns a sickly person as the annuitant — came up at the group's 2010 Spring Meeting this week.
Goldman Sachs Group Inc. has retreated even further from the life settlements arena, shutting down Longmore Capital, its life settlements provider, according to reports.
Watches, chocolate, cheese. Switzerland is famous for quality on all three, but perhaps more attention should also be paid to the many high-quality, blue-chip, large-cap companies which are based there, such as Novartis, Roche, and Nestle.
Financial market volatility has increased over the past several weeks amid growing investor concern over happenings in Europe, the prospect of increased financial market regulation in the United States and, more generally, worry that the economic recovery has hit a rough patch.
Whether they earn the league minimum or a superstar's salary, football players have to know the basics of handling money to succeed financially.
Christopher C. Davis is a portfolio manager of the Davis Large Cap Value Portfolios.
In signing off last Friday on the most sweeping overhaul of financial regulation since the Great Depression, congressional negotiators took a major step toward empowering the SEC to decide whether stockbrokers should be more accountable to individual investors.
In 2009, only 59% of the millionaires said they had regained trust in their financial advisers, while 56% said they had the same feelings about their wealth management firms and financial institutions.
Joseph Fortuna, Timothy Prete and Salvatore Tartaglione have left UBS for MSSB in Hartford, Conn.
