<i>Breakfast with Benjamin:</i> Janet Yellen takes the helm (and the heat). Plus, data breach at Barclays, Pimco's guide to reducing volatility, investing when you're really scared, and investing when you're in love.
After struggling for years in the wake of the 2008 financial crisis, Improved performance and a rising tide is helping American Funds reverse years of outflows.
Dan Fuss, whose Loomis Sayles Bond Fund is trouncing almost all of its peers, says he's preparing for rising rates and focusing on 'improving credits' by cutting his long-term debt position. He's on the same page as another big bond manager.
The fund giant also eliminating the $10K minimum investment required for advisers and institutions to qualify for Admiral Shares of 14 index funds.
Index champ has $652 billion in actively managed mutual funds.
Today: What hedge funds fleeing the market means. Plus, buck up, investment banker bonus week is here; building your own mutual fund; clean energy stocks; getting the most out of Siri; and more.
Money managers reduced their net-long position by 2.8%.
I love when readers with whom I consult about tricky Social Security-claiming strategies report back to me with results.
Details are incomplete, but it is clear that the filing point to the growing bifurcation in the variable annuity pool of offerings: There will continue to be traditional variable annuities with living benefits, but more and more, carriers will be bringing out products that are largely investment-focused.
In today's Breakfast with Benjamin: Two big investment houses recommend exiting emerging markets. Also: Credit Suisse offloads risky assets, investment gurus get nervous about 2014, cold weather and a weak economy, and what will cost more this year.
As more retail alternative investments hit the market, financial advisers are doing more due diligence and seeking out firms that provide the most transparency and have solid performance.
Goldman Sachs Asset Management is giving its fixed-income alternatives fund lineup a boost by converting its nontraded Credit Strategies Fund into a new liquid-alternatives-bond fund. Goldman plans to fold the $448 million fund, which offers only limited, quarterly share repurchases, into the yet-to-be launched open-end Goldman Sachs Long Short Credit Strategies Fund, pending shareholder approval, according to a filing with the Securities and Exchange Commission.
Live from the <i>IN</i> Alternatives Conference: 'But 20% will start to make a difference,' she says
The demand for liquid alternatives has never been higher, and it is drawing in a pack of money managers who are all vying to be leaders of the pack.
The search for new portfolio ballast
The Miller Income Opportunity Trust, to be run by the famed Legg Mason money manager and his son, seeks high income from a “wide array of sources” by identifying “mispriced” investment opportunities.
Advisers need to watch that clients do not inadvertently inflate their income and Medicare costs
