Hedge Fund Managers Expect ‘Massive’ 34% Pay Cut: Survey
Odyssey Search surveyed 500 hedge fund professionals; firms with outflows expected to pay less in bonuses.
Galvin Sweep of BDs With ‘Bad Brokers’ Leads to Charges
After finding cases of elder abuse connected to reps with disciplinary records, Galvin moves to end their work in the securities business.
Technology Integration Critical to Compete With Wirehouses
Integrated Wealth Management built a more attractive technology offering to draw talented advisors away from wirehouses
Vanguard Sees Flood of Advisor Assets, Now at $1.3 Trillion
Money from brokers and independent advisors now account for about one-third of Vanguard’s total assets and about 50% of this year’s inflows.
El-Erian Holds 30% in Cash as Central Banks Distort Markets
The former co-CEO of Pimco sees "enormous risk" in financial markets due to distortions caused by central bank policies.
Sen. Warren Probes Wells Fargo Board on Stumpf Compensation, New CEO
Warren says in letter, Stumpf resignation is “not enough to assure proper accountability at Wells Fargo, raises additional questions.”
L Bonds: The High-Yield Alternative Asset You Probably Never Heard Of
GWG Holdings’ L bonds are yielding 5.5%-8.5% for maturities from two to five years, but the bonds are unrated and illiquid.
ETFs Gather Record Assets in Q3: ETFGI
Assets invested in exchange-traded funds and products hit new highs at the end of the third quarter, ETFGI reported.
Bernanke: Americans Better Off Today Than 10 or 20 Years Ago
However, the former Fed chairman and Brookings analyst Peter Olson note that the pace of economic growth has slowed.
Wells Fargo Probed for Criminal Identity Theft in California
Attorney general serves search warrant on lender; the bank says it’s cooperating, providing requested information.