Turmoil in financial markets may slow the U.S. economic expansion. But it probably won't kill it.
Cerulli sees ETF assets more than doubling to $6T by 2020
Third Avenue Management LLC received approval from U.S. regulators to temporarily suspend redemptions from its $788.5 million high-yield bond fund.
Fund closure could put the spotlight on fixed-income ETFs, which are vulnerable because they are more liquid than their underlying assets.
SEC cites lax oversight of subadviser data.
<i>Breakfast with Benjamin</i>: This week's rate hike could hit the markets in a half dozen, mostly bad, ways.
After peaking way back in 2014 and declining ever since, the high-yield bond market finally has made national news over the past week with the very high profile blow up of the Third Avenue Focused Credit Fund.
Some advisers swear by it, while others shun it as useless legalese.
The Federal Reserve raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of subsequent increases will be “gradual” and in line with previous projections.
Third Avenue Management is parting ways with Chief Executive Officer David M. Barse after he announced plans last week to freeze redemptions in its troubled high-yield mutual fund, the Wall Street Journal reported.
Economists have given Federal Reserve Chair Janet Yellen a mission for next week's press conference: Explain what gradual means.
Firms are the latest targets in another class-action lawsuit alleging breach of fiduciary duty due to excessive 401(k) fees.
<i>Breakfast with Benjamin</i> It took the bank just 12 minutes after the Fed's rate hike announcement to bump its prime rate to 3.5% from 3.25%.
The firm founded in 1986 by Martin Whitman has been shedding assets since before the 2008 financial crisis, hurt by poor performance and an exodus of managers.
The carnage unfolding in the high-yield bond market has paved the way for serious gains in some managed futures funds.
Activist investor to push for a measure that would enable shareholders to communicate directly with the board and possibly seek the addition of a director.
<i>Breakfast with Benjamin</i>: The bond market selloff has sparked fears that the Fed might not hike rates today.
DoubleLine CEO Jeffrey Gundlach points to fragile economy, crumbling credit market as signs the time is not right for an increase in interest rates, a move the Fed could come to regret.
Stocks retreated with government bonds, as investors looked past an unprecedented boost to European stimulus to focus on rising anxiety that central banks have lost the ability to boost global growth.
<i>Breakfast with Benjamin</i>: Just when the Fed felt it was safe to move off a zero-rate policy, all kinds of heck is busting loose in the high-yield bond market.
