Top Portfolio Products: Direxion Launches Income Fund, Closes Gold-Bear ETF
In addition, Palmer Square rolls out a long/short credit fund; Capital adds long/short equity product.
Schorsch Denies ARCP Book-Cooking Allegations
The charges were raised by the firm’s former chief accounting officer in a lawsuit.
Qatar’s New Diversification Fund Attracts Investors
If ever there were an example of investing internationally to reap the benefits of diversification, perhaps Qatar’s new venture is a shining example.
Schorsch Resigns From American Realty Capital Post
Two other executives also are leaving the real estate venture, six weeks after accounting errors were announced.
529 College Savings Plan Assets Grew 21% in 2013
Report finds new options give financial advisors opportunity to add value; ETFs lag in 529 plans while use of 'exotic' asset classes increases.
15 Biggest Donations of 2014
To date, these are the donors who have given $100 million or more to favored causes, according to the Chronicle of Philanthropy.
PIMCO Total Return Outflows Down 65% in November
Meanwhile, Bill Gross' new Janus fund added $770 million, and the DoubleLine Total Return Bond Fund gained $800 million during the month.
Q3 Luxury Home Sales Increase as Buyer Profile Shifts
Redfin Research Center reported Wednesday that sales of homes for $1 million and up increased by 9% in the third quarter, while the total market declined by 1.2%.
Fall of the Bond King: Gross Lost an Empire as PIMCO Cracked
Interviews with 25 current and former PIMCO employees paint a complex picture of the events that led to Gross’s departure.
African-Americans Invest More Conservatively Than Whites: Study
African-Americans hold fewer stocks and bonds and more real estate, life insurance and CDs, according to Credit Suisse and Brandeis University.