Fund performance sagged as assets ballooned and performance sagged – but the manager says his bad bets were the culprit.
Testing the assumption that mutual fund managers focus on gathering assets to boost their compensation rather than on generating excess returns.
<i>Breakfast with Benjamin:</i> BlackRock calls Ukraine a market threat. Plus: JPMorgan gets a slap on the wrist from Finra, Yellen ponders fuzzy unemployment data, where the gold rally is headed from here, and the emergence of subprime business loans.
Nick Schorsch's RCS Capital is building the second-largest independent broker-dealer network &mdash; 9,000 registered reps and financial advisers &mdash; through several acquisitions it announced last year.
Bank loans, business development companies, REITs and options strategies are just some ideas.
Strategy seeks to take advantage of rising rates; performance solid.
Hedge funds had a decent year in 2013, with an average gain of 7.4%. But they still fell short of the S&P 500's advance by 23 percentage points last year, the biggest gap since 2005.
First of all, there's no evidence that professionals make better investment decisions than individual investors.
Only 1/3 of investors see providers acting in their best interest
Houston radio host George Jarkesy charges the regulator denied him due process in a fraud case.
It isn't crazy to consider the potential of marijuana stocks as investments. But as weed's legality remains in flux, investors might want to steer clear.
Former AIG Life and Retirement executive to oversee nonfinancial operations at alternative investment shop.
<i>Breakfast with Benjamin:</i>Oil spikes as Iraq's stability crumbles. Plus: Hedge funds bristle at Obama's latest executive order, the significance of the Dow at 17,000, how active managers are helping index investors, and quantitative analysis is being applied to golf scores.
<i>Breakfast with Benjamin:</i> Buffett doubles down on green. Plus: ECB stimulus gains traction, Apple shares at less than $100, Alibaba IPO risks, when prostitutes become currency traders, and how to buy Scotch for your dad.
<i>Breakfast with Benjamin:</i> Bill Gross' controversial new strategy. Plus: BlackRock CEO Fink calls out leveraged ETFs, nobody can agree on the gold-price decline, dealing with lump-sum pension offers, a solar company that makes sense, and the various forms of a caffeine addict.
<i>Breakfast with Benjamin:</i> LPL's Jeffrey Kleintop on how to spot a bear. Plus: Challenges of a bond bull, being a hedgie, Millennials hate stocks, roads into solar panels and Chicago's airport nightmare.
Surprising comments by Fed chief Janet Yellen on rate hikes gave bond markets a bad scare.
Tapering is too far away to drive yields up, repercussions from Detroit and Puerto Rico fade.
