As Marijuana Becomes Legal, a Hedge Fund Looks to Profit
Entrepreneur Leslie Bocskor foresees a $40 billion to $50 billion market for cannabis.
Top 10 Billionaire Art Collectors: Wealth X
With art auctions setting records, spurring investment in art, Wealth-X has put together a list of the 10 biggest art collectors in the world.
Why Hedge Funds Rake In Assets Despite ‘Underperformance’: Steinbrugge
Donald Steinbrugge, founder of Agecroft Partners, explains why hedge fund inflows are growing despite the funds' lagging the S&P 500 in recent years.
Vanguard Asks: How Much Return Do Your Clients Really Need?
Investors could be better off with lower return objectives and a less risky portfolio than the more typical higher return objective of most portfolios, a Vanguard research paper argues.
5 Super Costly Divorces of the Rich and Famous
Tom Cruise and Katie Holmes are just the latest couple to split with millions at stake. For some summer fun, AdvisorOne looks at five of the biggest settlements.
JPMorgan’s Dimon to Senators: $2 Billion Loss ‘Isolated Event’
“In hindsight,” JPMorgan Chase CEO Jamie Dimon told the Senate Banking Committee on Wednesday, “traders did not have the requisite understanding of the risks they took.”
Former Yahoo Exec, Former Ameriprise Fund Manager Charged With Insider Trading
Robert W. Kwok, formerly Yahoo’s senior director of business management, and Reema D. Shah, a former mutual fund manager at an Ameriprise Financial unit, were charged with insider trading.
I was recently accused by one of my friends of being a “numbers guy,” which, as a former philosophy major and professional journalist, I found quite amusing.
Fiduciary Standard Loses 3 Battles, but War’s Not Over Yet
Perhaps the worst setback: DOL to reconsider its fiduciary rule for retirement plans.
Rob Arnott on RAFI’s Growth, and How to Address U.S. Debt
Fundamental indexing has been embraced worldwide, Arnott says, but the government and the U.S. people need to embrace some tough choices on spending.