Changes to money-market funds would hike costs dramatically, decimate business, says professor
Low volatility offerings designed to minimize volatility; 'lot of risk aversion from advisers right now'
Bad allocation zaps payback; alternatives a logical alternative to bonds
None of the legendary names of the investment world -- not Bill Gross, not Warren Buffett, not Kenneth Heebner -- come close to matching the performance of James Wang, a little-known portfolio manager who oversees the OceanStone Fund. How hot is he? $10,000 invested with Wang in 2007 would be worth $65,000 today.
The normally low-profile fund family plans to bring its portfolio managers to the small screen
It's now almost three years since the fund giant has recorded net inflows
There are at least three channels through which Greece's troubles could spread throughout the Euro Zone; and the difficulties in Europe would likely have a substantial impact on the U.S. and global economies.
Billionaire buying up shares in SPDR Gold Trust; iShares' version cheaper, though
ETF plans to capitalize on growing trend of tech stocks that are paying dividends
Buys an additional $571 million of money-market fund assets from Trustmark Investment
Michael Hasenstab can crunch numbers with the best of them. And the lead manager of the Templeton Global Bond Fund has a doctorate in economics to prove it.
Attracting too much money can lead to poor decisions -- and poorer investors
Tells fund industry executives she still sees problems with current backstops; leaning towards floating NAV
A bit of advice to SEC Chairman Mary Schapiro, who has made it abundantly clear that she intends to make further changes to regulations governing money market funds: Quit while you are ahead.
In the last 48 hours, Eileen Rominger, the new director of the Division of Investment Management at the Securities and Exchange Commission, has appeared before a congressional committee and addressed an investment advice industry group.
