Bill Gross Jumps From PIMCO to Janus Capital
"Bond King" leaves firm he founded to manage new unconstrained bond fund at Janus; PIMCO taps Daniel Ivascyn as group CIO.
New Hire Roundup: Janus Capital Adds Scholes, Alankar
Also in new hires, the SEC announced that Thomas Krysa has been named associate regional director for enforcement in its Denver office.
400 Economists Endorse Romney
A former conservative official has rallied 400 economists, including five Nobel Prize winners, to sign a statement supporting Republican presidential hopeful Mitt Romney’s economic policies.
Milevsky: How Much in Risky Stocks vs. Safe Cash?
From a purely mathematical point of view, the “stocks are safer over long periods of time” argument — before Paul Samuelson took an axe to it — went as follows.
DFA to Offer Investment Strategies via Brokers
Fee-based independent Broker/dealers gain access to famed strategies.
What's the Future of Financial Products?
David Macchia: There's a lot at stake for people as they approach retirement, many with arguably insufficient assets, or certainly not the optimum amount of...
Dealers Must Tighten Terms to Hedge Funds
NEW YORK (HedgeWorld.com)--Major dealers should take a cold, hard look at financing conditions and margin practices for hedge funds, the president of the Federal Reserve Bank of New York warned at a conference Tuesday. Timothy Geithner said most of the growth in credit derivatives has come in auspicious economic conditions...
Death by Comet
"You never know what is enough, until you know how much is more than enough" -William Blake Someone once told me Myron Scholes said the folks at Long-Term Capital Management thought they had their risk buttoned down. In their minds, they were walking down Madison Avenue, eyes trained on the...