Investors stick with $22.6 billion fund as famed manager calls reason for negative returns temporary phenomenon.
It's a diverse category not correlated to traditional asset classes, but high fees and lack of liquidity equate to too much risk.
<i>Breakfast with Benjamin</i>: China gets low marks for how it's trying to save its equity markets by preventing the sale of stocks.
As NYSE floor traders cooled their heels during the 3 1/2 hour halt, advisers worked the phones to reassure clients that stocks could be traded on other exchanges such as Nasdaq.
A 68-year-old widower claims wirehouse did insufficient due diligence on the troubled money manager.
Diametrically opposed firms find common ground on importance of manager selection, differ on value of hedge funds.
Professors offer an interesting take on the age-old question. Sorry, monkeys.
Advisers should communicate proactively with clients to ease their fears and solidify the bond.
<i>Breakfast with Benjamin</i>: The nation's biggest banks, like JPMorgan Chase, are lumping their broker-dealer units in with other 'non-essential' operations.
<i>Breakfast with Benjamin</i>: Which group is more nervous about the state of the markets? Advisers often misread their own tolerance for risk.
Data firms release only covers market orders, not limit orders, and as such there's not much room for price improvement anyway.
Not having access to the market has been protecting mutual-fund investors from fast declines.
Thomas M. Rampulla's return to the U.S. comes after the firm recast itself as a patron of an industry that once saw it as a threat.
<i>Breakfast with Benjamin</i>: The market bears are getting bolder as they start to come out from a long hibernation, which doesn't really bode well for the bulls.
The Global X FTSE Greece 20 ETF listed in the U.S. is just about the only way for investors to play the crisis. Be warned, however, it's volatile.
ETF holds up better than other funds that own riskier, lower-rated debt, which had their worst monthly outflows ever.
If the island can't pay back all of its debts, some fund holders could suffer haircuts.
<i>Breakfast with Benjamin:</i> An economist says Janet Yellen and the Fed are too chicken to raise rates, but at the same time the FOMC is trying to reassure markets that rate hikes will be slow and deliberate.
<i>Breakfast with Benjamin</i>: Greek voters opt for a collision course with the European Union over austerity. Go figure.
Greece isn't another Lehman Brothers. I am not worried about contagion as with subprime mortgages in 2007. I don't fear counterparty risk as with AIG.
