Facing outflows amid increasing trend toward passive management, firm says some fixed income managers can meaningfully add to returns
Today's <i>Breakfast with Benjamin</i> on hedge funds owning $16 billion in Puerto Rican muni bond debt, the scary similarities between advisers and psychics, why deep-water drilling looks like a bargain, and more.
Loaded up with goodies, gimmicks and hope
<I>Breakfast with Benjamin:</i> Quicker rate hike ahead? Plus: Top Republicans set agenda; greed, fear and fund flows; family offices riding growth of ultrawealthy; Schwab says its robo is no threat; and eating well after work.
Investors weighed prospects for economic growth and corporate earnings to help gauge the pace of the recovery.
Execs replaced over what firm calls intentional errors; REIT king says problems will not affect other related firms. <i>(Plus: <a href="http://www.investmentnews.com/article/20140917/INFOGRAPHIC/140919935" target="_blank">Untangling Schorsch's vast web</a>)</i>
Through ads, many of which he starred in, the salesman shared his belief that tax-free bonds were a sound investment.
Midweek <i>Breakfast with Benjamin:</i> Republicans ready to rule. Plus: What investors might expect, advice from Jack Bogle, the hits keep coming for Nick Schosch and Pimco's bad October.
<i>Breakfast with Benjamin:</i> Who's spending what on the election, what worries Vanguard's CEO, oil is cratering and here are stocks to consider, and JPMorgan is not out of the woods.
Purchases by foreign central banks, pension funds, prop up prices.
Approval of annuities in 401(k) target date funds, including as a default investment, will make lifetime-income features more popular.
<i>Bruce Kelly On Advice:</i> RCAP's acquisition of Cole Capital could pay dividends for Nick Schorsch's empire for years to come, though the transaction between two related companies raises questions.
As interest rates rise, triple-net lease nontraded REITs won't be able to sustain distributable cash, meaning asset values will drop.
RCS Capital seeks to pull out of a $700M deal to acquire two Cole companies from American Realty Capital Properties, which last week <a href="//www.investmentnews.com/article/20141029/FREE/141029902/nicholas-schorsch-downplays-arcps-23m-accounting-debacle"" target=""_blank"" rel="noopener noreferrer">revealed a $23M accounting error</a>.
On Monday's <i>Breakfast with Benjamin</i> menu: Fund managers in a bind. <i>Plus</i> more trouble for Nicholas Schorsch? And Republicans looking stronger going into Election Day, stocks to consider with a GOP-controlled Congress, it's time to think about taxes already.
On today's <i>Breakfast with Benjamin</i> menu, Bill Gross' Pimco exit is changing the way we look at star fund managers, Japan's latest stimulus plan triggers a market rally, watching out for those mutual fund tax burdens, and more.
Money manager scaling back investments in Asia in favor of Europe and the U.S.
Money manager looks to better reach advisers by selling the fast-growing funds, leveraging newly acquired VelocityShares.
<i>Breakfast with Benjamin</i> - The Federal Reserve's QE sleight of hand, cheap oil's winners and losers, Schwab bringing advisers premium Morningstar access, and more.
Weak economic numbers and an Ebola panic spurred a pullback, causing the S&P 500 to give back the year's gains.
