Old Normal Returns as PIMCO Sees ‘New Destination’ for U.S. Growth
PIMCO’s Bill Gross sees a good year ahead. The bond firm's new leaders say stagnation is not the new norm, and a passle of economists agree.
Jonathan Hoenig: Capitalist Pig, Ayn Rand Fan, Highly Successful Manager
The founder of Capitalistpig Hedge Fund says Social Security is immoral, advisors are too risk-averse and hedge funds are unfairly blamed.
Top 20 Richest Colleges for 2013: The Biggest Endowments
Of the 835 colleges studied, endowments rose by an average of nearly 12% in the fiscal year ending in June 2013.
Russell Investments Chief Economist Dueker Found Dead
Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the police.
New Hire Roundup: Pascal Named President of Commonfund Capital
This week in new hires, Commonfund Capital named Donald Pascal president, and Paul Knight, Michael Gyure and Michael Gorman joined Janney Capital Markets.
Hussman: Market Needs to Fall by a Third Just to Get to Normal
Permabear portfolio manager John Hussman argues that, in the short-term, at least, the stock market is doomed based on valuation fundamentals, correctly understood.
Jeremy Grantham: Growth as We Knew It ‘Gone Forever’
Grantham, the doomsaying hedge fund manager, says data make clear we’re in a new era of 1% growth; echoing Research Affiliates’ Christopher Brightman’s observations.
The End of Growth?
While Americans may regard a rising standard of living as their birthright, a provocative new academic paper suggests economic growth may be a thing of the past.
MSSB Loses $600 Million Lerner Group to HighTower
This is the seventh new advisor team in 2012 to join the Chicago-based financial services firm run by CEO Elliot Weissbluth.
Only 1 in 5 Americans Trust the Financial System
Only 22% of Americans trust the U.S. financial system, according to the latest quarterly Chicago Booth/Kellogg School Financial Trust Index.