Stanley Druckenmiller, the hedge- fund icon who boasts one of the best long-term trading records and the distinction of having made $1 billion for George Soros by forcing a devaluation of the British pound in 1992, is closing his firm after 30 years.
Global financial market returns stand at the threshold of mediocrity. With bonds priced not for recession but near depression, most major global bond indices now yield less than 3%, surely a forerunner of returns to come.
With plenty of cash, private-equity funds are on the prowl; 'deal activity accelerating'
Chairman of Hodges Capital Management contends that change in fund's category cost firm $83 million in outflows
AllianceBernstein Holding LP, Franklin Resources Inc. and Waddell & Reed Financial Inc. are the three publicly traded mutual fund companies with the most at stake pending the SEC's 12(b)-1 reform.
Default, dear Brutus, is in Pennsylvania, as capital city will miss payment on bond; Ambac to cover
Bill marks first attempt to update law since 1986; would likely lead to fewer amended returns
Chalk up another hard-earned lesson from the financial crisis: Investors in limited partnerships, the structure of choice for most alternative investments, discovered that giving up liquidity in exchange for higher returns wasn't such a good idea after all.
Over the past 30 years, investors have achieved diversification through a blend of stocks, high-quality bonds and cash.
Real estate money managers are still losing assets, but the outflows look to be slowing from the massive hemorrhage of 2008-09.
Put off by the paltry yields on Treasuries, many investors are turning to emerging-markets sovereign debt for better returns.
SunTrust Banks says it's reached a deal with Federated Investors for a partial sale of its RidgeWorth Investments subsidiary.
John Henry, principal owner of the Boston Red Sox, made his fortune buying and selling commodities — one of the most volatile plays in the investment universe. But with his surprise investment in Liverpool Football Club, the buttoned-down billionaire has entered a whole new realm of ups and downs.
Access to the public-equity and debt markets continues to boost performance among real estate investment trusts, according to the latest report from the National Association of Real Estate Investment Trusts.
Financial advisers continue to work overtime to steer clients through the biggest housing slump in decades.
Citigroup Inc.'s private bank will triple the number of hedge funds such as Paulson & Co. that its wealthy clients can invest in, under a push to increase money-management revenue.
When it comes to municipal bond defaults, investors need to be careful about a few specific types of bonds. For most other munis, problems can be neutralized with good old-fashioned research and diversification.
Russell Investments still needs to figure out what it wants to be when it grows up.
The securities industry hopes that the Supreme Court will reverse a lower-court decision that it fears could put all mutual fund companies and financial advisers who sell their funds at a greater risk of being targets of class actions, observers say.
