Will Calpers’ Hedge Fund Flight Spook Other Public Pensions?
Most investors appear unlikely to follow suit in the near term, according to hedge fund experts.
PIMCO’s ‘Secret’: Its Managers, Including Bill Gross, Still Trade Daily
PIMCO’s Jerome Schneider told Morningstar ETF conference attendees that the bond giant's portfolio managers, even CIO Gross, still spend much of their time trading.
Will Portland Always Be a Retirement Community for the Young?
Like many residents of Northwest Portland, Matthew Hale doesn't own a car. Instead, he prefers to walk or ride the bus to the city's innumerable coffee shops and breweries and live-music spots. On weekends, he and his wife have no problem hitching rides to the Pacific Coast or the Cascade...
Tech Titan Departs: Larry Ellison Steps Down From CEO Position at Oracle
After 37 years running the company he founded billionaire Larry Ellison is leaving the top job at Oracle. The long time CEO will become the chairman of Oracle's board and the software company's chief technology officer. Current presidents Safra Catz and Mark Hurd will take over as chief executives.
Schwab Adds 65 ETFs to Fee-Free Platform
Investors can now trade more than 180 ETFs online through Schwab with no charge.
Morgan Stanley to Absorb Customer Losses After Mutual Fund Snafu
Morgan Stanley will offer to swallow some losses incurred by customers who bought mutual funds after failing to make fund prospectuses accessible online.
Passive Beats Active in August Fund Flows: Morningstar
The research firm releases ETF data for the first time, saying the funds represent a growing portion of investors' net worth.
IRS Finally Answers After-Tax IRA Rollover Question
Can after-tax money in 401(k)s be converted to a Roth IRA tax-free? The IRS has the answer in a just-published guide.
How to Connect With (and Keep) Female Clients: Kathleen Kingsbury
Advisor coach and former therapist Kathleen Burns Kingsbury talks to ThinkAdvisor about the gender differences many advisors don't understand.
Schorsch’s RCAP to Take Big Stake in E-Document Firm Docupace
The Docupace investment is intended to help affiliated independent advisors streamline workflow while bringing RCAP a recurring revenue stream.