Study Backs a Powerful Way to Manage Portfolio Risk
Diversification across multiple asset classes is one of the most effective risk management tools available to investors, according to Manning & Napier.
New Hire Roundup: Sosa Leaves PIMCO to Lead New DoubleLine Group
Danielle Fischer went to the Private Client Reserve of U.S. Bank, and Mariner Wealth Advisors acquired a majority interest in Housen Financial Group.
Top Portfolio Products: New MLP ETNs From Barclays, OFI Global
Brinker Capital offers three liquid-alternative mutual funds, and Marathon Value Portfolio cuts fees.
New Hire Roundup: Global X Names Berruga COO, Lynch Senior Compliance Officer
Also, Joseph Cusick, formerly of optionsXpress, joined MoneyBlock, and Robert Litterman was named Commonfund's new board chairman.
Stress Test Shows 29 of 30 Banks Meet or Top Capital Target
The Federal Reserve’s annual stress tests found 29 of the 30 largest U.S. banks could withstand a deep recession and still pay dividends, fueling speculation about which firms will win approval next week to raise payouts.
Institutional Investors Pouring Themselves Into Risk Management
A study by BNY Mellon and Nobel winner Harry Markowitz finds investors focus on targeted returns and use of alternatives
New Hire Roundup: Cetera Names New CIO
Meanwhile, Dynasty Financial Partners welcomed Ron Sallet, Morrison & Foerster added Charles Duross, and Fusion Family Wealth added Fred Gold.
Harold Evensky’s New Adventure
Evensky on what questions he plans to research for the advisory profession and what's next for his firm.
Top Portfolio Products: Direxion Rolls Out Leveraged Bear, Bull ETFs
Other new products include a dividend-focused trust from Hennion & Walsh and a Wharton GC hedge fund.
Why No Advisor Should Ignore ETFs
Despite ETF assets being concentrated among a handful of large managers, it would be a mistake to conclude the industry is saturated or lacking opportunity.