Investing

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Federal appeals court questions SEC's decision to reject Grayscale bitcoin ETF proposal
ALTERNATIVES MAR 07, 2023
Federal appeals court questions SEC's decision to reject Grayscale bitcoin ETF proposal

Grayscale sued, asking the DC Circuit Court to overturn a decision the firm called arbitrary and discriminatory because the agency had already approved ETFs that track bitcoin futures.

By Bloomberg
Advisors flock to ETF that upends traditional value investing metrics
RIA NEWS MAR 07, 2023
Advisors flock to ETF that upends traditional value investing metrics

Pacer's COWZ ETF has grown to $13 billion by screening for free cash flow yields to identify intangible assets.

By Jeff Benjamin
Morgan Stanley ESG ETFs get the cold shoulder
RIA NEWS MAR 03, 2023
Morgan Stanley ESG ETFs get the cold shoulder

Critics say Morgan Stanley's big launch of six Calvert ETFs was poorly timed in an environment where ESG has become a political football.

By Jeff Benjamin
Investors keep dumping Blackstone REIT shares
ALTERNATIVES MAR 03, 2023
Investors keep dumping Blackstone REIT shares

But investors looked to redeem fewer BREIT shares in February than in January, potentially a positive sign for the company.

By Bruce Kelly
Gensler steps up warnings to money managers
ALTERNATIVES MAR 02, 2023
Gensler steps up warnings to money managers

The SEC chairman said using predictive data technologies may create 'inherent conflicts' of interest for investment advisors.

By Bloomberg
SEC charges Virginia advisor with fraud
RIA NEWS MAR 02, 2023
SEC charges Virginia advisor with fraud

The advisor, Ryan R. Riley, also pleaded guilty in a criminal manner and was ordered to pay restitution of at least $434,000.

By Bruce Kelly
New ETFs let investors bet for or against Jim Cramer's picks
MUTUAL FUNDS MAR 02, 2023
New ETFs let investors bet for or against Jim Cramer's picks

The funds are the brainchild of the manager behind anti-ARK ETF, which gave investors an easy way to wager against Cathie Wood's flagship strategy.

By Bloomberg
Wealthfront introduces individual stock picking
EQUITIES MAR 01, 2023
Wealthfront introduces individual stock picking

Investors can now buy and sell stocks and fractional shares with zero trading commissions, marking a shift from the company's previous emphasis on the value of passive investing.

By Ryan W. Neal
Annuity risk transfer sales soared in 2022, Limra says
RETIREMENT PLANNING MAR 01, 2023
Annuity risk transfer sales soared in 2022, Limra says

There were 562 buy-out contracts last year, 34% higher than the number of sold in 2021 and breaking the previous record set in 2019.

By Gregg Greenberg
Institutional investors lean into active management, despite trend toward passive
EQUITIES MAR 01, 2023
Institutional investors lean into active management, despite trend toward passive

A Cerulli report shows how the so-called smart money is generally increasing exposure to active strategies.

By Jeff Benjamin
January was worst month for retail nontraded REITs sales since 2009
ALTERNATIVES FEB 28, 2023
January was worst month for retail nontraded REITs sales since 2009

According to investment bank Robert A. Stanger & Co. Inc., January nontraded REIT sales to retail investors totaled just $596 million.

By Bruce Kelly
Nearly $2.5 billion flows into cash-like ETF
MUTUAL FUNDS FEB 27, 2023
Nearly $2.5 billion flows into cash-like ETF

Last week, the iShares Short Treasury Bond ETF had the biggest weekly influx since the depths of the pandemic in March 2020.

By Bloomberg
Insured Retirement Institute seeks to build on SECURE 2.0 wins
RETIREMENT PLANNING FEB 27, 2023
Insured Retirement Institute seeks to build on SECURE 2.0 wins

The annuity sector trade association is advocating for legislation that would mandate retirement plans for small employers that don't have them, as well as bills that would increase the use of annuities.

By Mark Schoeff Jr.
Focus Financial Partners says it's being bought, as expected
RIA NEWS FEB 27, 2023
Focus Financial Partners says it's being bought, as expected

The firm, which has been a dealmaking machine since it launched in 2004, will go private as a result of its acquisition by private equity manager Clayton Dubilier & Rice.

By Bruce Kelly
Bond yields offer chance to fix the 40 in 60/40, BlackRock says
FIXED INCOME FEB 27, 2023
Bond yields offer chance to fix the 40 in 60/40, BlackRock says

Stephen Laipply, US head of fixed-income ETFs at BlackRock, explains why now is a once-in-many-years opportunity to rebalance 60/40 portfolios.

By Bloomberg
Thomas H. Lee bought RIAs before anyone else
RIA NEWS FEB 24, 2023
Thomas H. Lee bought RIAs before anyone else

After leaving Thomas H. Lee Partners in 2006, he started another firm, Lee Equity Partners, that made a handful of significant transactions in wealth management shops.

By Bruce Kelly
Real estate isn't an alternative — it's a core investment
OPINION FEB 24, 2023
Real estate isn't an alternative — it's a core investment

In 2020, the global real estate market had a value of more than $326 trillion, which is more than the value of all the stocks and bonds in the world.

By Andrew Corn
US sustainable fund flows drop to lowest level in 7 years
FIXED INCOME FEB 24, 2023
US sustainable fund flows drop to lowest level in 7 years

A net total of $3.1 billion flowed into the country’s sustainable investments last year, and these funds shed nearly $6.2 billion in the final stretch of 2022.

By Laura Miller
Private equity pioneer Thomas Lee dies at 78
ALTERNATIVES FEB 24, 2023
Private equity pioneer Thomas Lee dies at 78

Lee invested more than $15 billion in hundreds of transactions as of 2020, which included his best-known transaction, the 1992 purchase of Snapple Beverage Corp.

By Bloomberg
Retirement experts advise staying nimble regarding 4% rule
RETIREMENT PLANNING FEB 23, 2023
Retirement experts advise staying nimble regarding 4% rule

While the popular guideline is a good starting point, inflation and rising interest rates are factors that change the game when it comes to retirement withdrawals.

By Jeff Benjamin