Top Earners Back Clinton After Decades With GOP: Bloomberg Poll
In the poll, conducted days before the first Clinton-Trump debate, top earners favored Clinton over Trump by 41% to 37%.
Cornell Endowment Posts 3.3% Loss, Worst Among Ivies So Far
Harvard, Dartmouth and Penn also posted losses for the latest fiscal year but they were 2% or less. Yale’s endowment gained 3.4%.
OPEC Agrees to First Oil Output Cut in 8 Years
OPEC agreed to drop production to a range of 32.5 to 33 million barrels per day, said Iran’s Oil Minister.
UBS Settles With SEC Over Sales of ‘Complex Products’
SEC says the wirehouse must repay 8,700 investors over $8 million and pay a fine for not reasonably training its advisors.
Nationwide Says DOL Rule Behind Jefferson National Deal
Nationwide said it struck a deal to buy the Louisville-based Jefferson National, a firm with about $4.7 billion in client assets.
A Tool to Hedge Against the Next Market Downturn
MPT didn’t benefit client portfolios during the financial crisis, but using a single inverse fund can reduce the risks of market volatility.
Andy Friedman: Is Clinton or Trump Better for Economy?
The economic impact of a Clinton or Trump presidency are weighed by Andy Friedman of Washington Update.
Harvard Does a Trade You Should Never Make
It looks like Harvard Management Co. may have sacrificed billions of dollars in investment returns by hiring less-capable asset managers.
Farmland: An Increasingly Popular Alternative Investment
A report found that more investors are buying agricultural/farmland assets to diversify and profit from growing global demand for food.
Can Public Equity Investing Have Impact?
To have impact, we must recognize that equity investing can actually involve companies not found within traditional benchmarks.