Tom James: Master of the Art of Collecting
Some people like to stay busy, even in “retirement.” The Raymond James executive chairman is building an art museum with 500 works from his collection.
Harvard’s Endowment Loses Nearly $2B in Latest Fiscal Year
The prestigious university just reported its worst performance for its endowment since 2009, with timber assets underperforming.
SEC Actions on Private Equity Fees Show Agency's Enforcement Aim
In limited partnership or subscription agreements, Form ADVs or elsewhere, the SEC scrutinizes differences between what managers say they'd do and what they actually did.
Financial Services Firms’ Reputation Still Shadowed by 2008 Crisis
The 2008 financial crisis continues to shape negative consumer views of the financial services firms.
Active U.S. Equity Funds Bled Cash in August: Morningstar
Active U.S. equity funds continued to hemorrhage assets in August while their passive counterparts persisted in performing well.
Bad News for Energy Bulls: Slowing Demand and Increasing Supply
The International Energy Agency says demand for oil is slowing more than expected while OPEC has produced “near record” supply.
Despite Weakening Art Market, These 4 Areas Show Strength
Sales at Christie’s fell sharply in the first half of 2016 compared to a year ago, but certain areas of the market are showing strength.
Liquid Alts Eked Out Gain in August
The Wilshire Liquid Alternative Index returned 0.1% in August, underperforming the HFRX Global Hedge Fund Index’s return by five basis points.
U.S. Justice Department Investigating Wells Fargo
The probe follows a $185 million fine levied by regulators who charged the bank with opening 2 million accounts without customers' approval.
Saudi Arabia Ousts U.S. as Biggest Oil Producer, IEA Says
U.S. output in August stood at 12.2 million barrels a day while Saudi Arabian production climbed to 12.58 million barrels a day the same month.