The world's largest bond manager hired Harley Bassman, who was a managing director at Credit Suisse Group AG's securities arm, as an executive vice president and money manager.
$115B in flows nearly double previous high; active takes in just $38B
Friday's menu: Already on edge, investors brace for Sunday's vote in Crimea. And will sanctions against Russia even work? Plus: riding the storm out by staying invested, going long in emerging markets and taking a fresh look at copper. Oh, btw, it's jellybean Friday.
Yields on 10-year Treasury notes climbed to the highest levels since September this week as the number of new jobs added in February surpassed expectations. Both developments point to a possible acceleration for the economy in spring.
Advisers should continue to monitor the situation at Pimco closely, explore other options for assets that are housed at the company and keep an open mind.
Employers are turning to a new kind of adviser to help their employees save for retirement, a new survey shows.
Combined company is the largest publicly traded net-lease REIT, with value of $21.5B
Fine print on older contracts leaves elderly clients in position of losing death benefits.
In an era of heightened scrutiny for alternatives fund managers, investors are demanding more accountability but there's little consistency in boards in the private-fund sector.
After 'garden variety' correction, shares rebound with the strength of resilient sector leadership, bolstered by better-than-anticipated earnings and ongoing Fed monetary accommodation.
S&P move was no surprise, but some managers see longer-term strains and are staying away.
Those who provide local governments with advice on derivatives won't have to register.
<i>Breakfast with Benjamin:</i> How investors are playing the markets. Plus: Kitces on the fee vs. commission problem; solving mysteries and who Facebook is leaving in the dust.
The Oracle of Omaha doesn't owe shareholders an apology for falling short of a performance goal at his Berkshire Hathaway Inc., Vice Chairman Charles Munger said at the company's annual meeting.
Warren Buffett won't pay a dividend to his Berkshire Hathaway shareholders but he sure welcomes them from companies he invests in. He stands to rake in $123 million more a year now that companies including Wells Fargo and American Express have been cleared to lift payouts.
A new policy simulation tool lets users design their own package of reforms to fully fund Social Security. If individual users can make these tough decisions, why can't elected officials?
Rules in favor of Fidelity employees who say they were fired for reporting fraud.
Deal finalized, creating the largest net lease REIT with an enterprise value of $21.5 billion.
