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To hedge against inflation, wealthy stock up on hard assets
Although it is debatable whether inflation will become a problem for the U.S. economy, wealthy investors aren't taking any chances and are piling into tangible assets.
Apocalypse no more: Portfolio managers turn bullish on equities
Optimism among portfolio managers reached a six-year high this month, causing them to dip into cash reserves and buy more equities, according to the results of a survey released today.
T. Rowe launches Strategic Income Fund
T. Rowe Price Group Inc. is banking on a growing appetite for income with its new Strategic Income Fund (PRSNX), the money management firm said today.
The largest managers
BS AG remained the world’s largest money manager in terms of assets under management, with $2.45 trillion, to lead the Pensions & Investments/Watson Wyatt Worldwide ranking of the world’s 500 largest money managers in 2006.
