AXA Moves to Sweat the Asset Managers in U.S. IPO Plan
The author says managers were careful not to say how much of the U.S. operations they might sell.
Active Equities’ Broken 1970s Model Needs a Renaissance
What is to be done? Let's start by declaring an end to Modern Portfolio Theory and looking instead to behavioral finance.
Keep Longevity From Killing Your Clients’ Retirement
Understand your clients' goals and then build a portfolio to meet their income requirements. Here's an example.
Why Volatility Is an Investor’s Worst Enemy: Searching for Alpha, May 2017
The Technology Select Sector SPDR ETF’s gut-wrenching 80% drop during the tech crash of 2002 is an excellent example of the effects of volatility.
The 5 Levels of Fiduciary
Fiduciaries are becoming ubiquitous … and that’s a problem.
Mnuchin's Ultra-Long Bond Bid Hits Wall Street Reality
Insurers might love to hold on to bonds for 50 years, but how would banks feel about that?
Glory Days Are Over: 4 Tips for Investing in a Low-Return World
Ronald Reagan and Paul Volcker helped plant the seeds for more than 30 years of growth, but many trends are slowing or reversing.
The Human Side of Financial Planning: George Kinder Talks About Dick Wagner
“I don’t think that life planning as we or I know it would exist if it weren’t for Dick,” according to George.
What Markets Should Conclude From France's Election
Markets understandably will be relieved by the outcome of this first round of voting, but don't relax yet.
The Game Theory of Overbooking Flights
Delta said it could increase the incentives for “voluntary denied boarding.” But what if insights from game theory inform passengers’ reactions?