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.
Insurers have debuted products that allow for change in payout rate, rider fees and roll-up rates under certain conditions.
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.
Investors continue to migrate to fixed indexed annuities and shy away more from variable annuities amid low interest rates and market volatility.
<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.
The initiative, signed into law in January, can't get off the ground until the president nominates members to the registry's board.
As signs of stress mount in credit markets, a $788 million mutual fund is blocking clients from pulling their money to avoid fire sales.
Most analysts and advisers expect a gradual climb tempered by economic performance.
Since 2011, their sales growth has eclipsed variable annuities. What's behind their meteoric rise?
Plus: JPMorgan's David Kelly second-guesses the Fed, MLP investors hang on for dear life, and Joe Montana gets his VC groove on
<i>Breakfast with Benjamin:</i> The price of oil dropped to levels not seen in more than six years amid fears the global glut will be with us for a while. But there is an upside for some.
<i>Breakfast with Benjamin</i>: More than a third of the outstanding U.S. high yield and leveraged loan universe is at risk in a rising-rate cycle.
Rules proposed by Finra and MSRB would require brokers to detail the price differences they and the clients pay for corporate and municipal bonds.
With funeral and burial costs easily in the five digits, it makes sense to discuss expenses and wishes ahead of time to ease the burden on those left behind.
It's easy to see why many advisers and investors are concerned as asset values — from stocks to bonds to real estate — have soared, but that doesn't mean cash should be king.
Low interest rates could cause many other insurers to follow suit.
