Investing

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Steve Cohen strikes deal to buy New York Mets
ALTERNATIVES SEP 15, 2020
Steve Cohen strikes deal to buy New York Mets

The billionaire hedge fund manager rooted for the team while growing up on Long Island

By Bloomberg
Retirement advisory firms must adapt or face attrition
OPINION SEP 15, 2020
Retirement advisory firms must adapt or face attrition

National aggregators are forcing independents to act

By Dick Darian
SEC settles with charter-school operator over muni bond offering
FIXED INCOME SEP 14, 2020
SEC settles with charter-school operator over muni bond offering

The agency said Arizona’s Park View School misled investors about its financial condition

By InvestmentNews
Goldman, Deutsche say stock sell-off may be nearing an end
EQUITIES SEP 14, 2020
Goldman, Deutsche say stock sell-off may be nearing an end

The magnitude of the recent slide matches a 'typical' sell-off in the S&P 500 since the financial crisis

By Bloomberg
Closed B-D means more unpaid investor claims
ALTERNATIVES SEP 11, 2020
Closed B-D means more unpaid investor claims

Capital Financial Services is shutting down, leaving clients on the hook

By Bruce Kelly
America’s $20 trillion debt pile is getting cheaper
FIXED INCOME SEP 11, 2020
America’s $20 trillion debt pile is getting cheaper

The U.S. deficit has ballooned in recent months, but the decline in interest rates has cut the cost of servicing the debt

By Bloomberg
401(k)s were considering annuities -- then COVID-19 hit
RETIREMENT PLANNING SEP 10, 2020
401(k)s were considering annuities -- then COVID-19 hit

The pandemic has shifted plan sponsors' priorities, according to a survey from T. Rowe Price

By Emile Hallez
Doubleheader: Nicole Casperson on free robo-platforms and Todd Rosenbluth on semitransparent ETFs
FINTECH SEP 09, 2020
Doubleheader: Nicole Casperson on free robo-platforms and Todd Rosenbluth on semitransparent ETFs

This week’s podcast includes a discussion of the proliferation of free robo-platforms at large financial institutions and a look at the odd evolution of semitransparent ETFs

By InvestmentNews
Congressman wants to slow mutual fund fee litigation
MUTUAL FUNDS SEP 09, 2020
Congressman wants to slow mutual fund fee litigation

Plaintiffs would face a hurdle in filing 36(b) claims against fund providers

By Emile Hallez
People of color feel ready for retirement but may not be, study finds
RETIREMENT PLANNING SEP 09, 2020
People of color feel ready for retirement but may not be, study finds

Allianz says their potential misinterpretation of the situation may put retirement at risk

By InvestmentNews
BlackRock strategists cool on credit
FIXED INCOME SEP 09, 2020
BlackRock strategists cool on credit

The firm's research arm sees investment-bond bonds hampered by frothy valuations and rising interest-rate risk, but are somewhat bullish on junk-rated debt

By Bloomberg
Gundlach says high-yield bond defaults may almost double
FIXED INCOME SEP 09, 2020
Gundlach says high-yield bond defaults may almost double

The fund manager criticized the Fed's emergency actions as buoying asset prices and spurring unsustainable corporate borrowing

By Bloomberg
MassMutual 401(k) deal wins Empower valuable clients
RETIREMENT PLANNING SEP 08, 2020
MassMutual 401(k) deal wins Empower valuable clients

Empower will also get its foot in the door with one big broker-dealer

By Emile Hallez
Former GPB compliance chief pleads guilty to misdemeanor
ALTERNATIVES SEP 08, 2020
Former GPB compliance chief pleads guilty to misdemeanor

The former SEC examiner was charged with obstruction of justice, a felony, last year

By Bruce Kelly
2020 puts emergency funds on the front burner
PRACTICE MANAGEMENT SEP 08, 2020
2020 puts emergency funds on the front burner

Advisers are pushing their clients to prepare for the worst

By Jeff Benjamin
Hybrid adviser managing $150 million joins LPL from MML
INDEPENDENT BROKER DEALERS SEP 08, 2020
Hybrid adviser managing $150 million joins LPL from MML

Forrest Williams Jr. of The Opus Group of Virginia spent 27 years at MML

By InvestmentNews
Money markets have a problem in zero-rate world
MUTUAL FUNDS SEP 08, 2020
Money markets have a problem in zero-rate world

Some fund companies are moving away from prime funds as low rates limit the edge the funds are designed to provide over more conservative alternatives

By Bloomberg
SEC orders advisory firm to pay $356,580 over fee disclosures
MUTUAL FUNDS SEP 04, 2020
SEC orders advisory firm to pay $356,580 over fee disclosures

Signature Financial Services is the latest adviser to be caught in the regulator's 12b-1 fee dragnet

By Mark Schoeff Jr.
ERISA lawsuit filed against Nvidia; suit against Cornell settled
RETIREMENT PLANNING SEP 04, 2020
ERISA lawsuit filed against Nvidia; suit against Cornell settled

Law firm Capozzi Adler filed its latest 401(k) suit and Schlichter Bogard & Denton reached a deal in a case against an Ivy League school

By Emile Hallez
Stocks fall, led again by big tech
EQUITIES SEP 04, 2020
Stocks fall, led again by big tech

Equities ignore the upbeat jobs report to focus on whether tech stocks have become overvalued

By Bloomberg