Gross’ Move Fogs PIMCO, Janus Futures
Analysts are cautious on what Bill Gross’ departure from the bond giant PIMCO to the smaller Janus means for both firms.
ICI Welcomes New SEC Rules on Funds, Asset Managers
“Any risks that may arise in asset management are best addressed by the SEC,” says ICI's Paul Schott Stevens.
Is the Market Efficient? Cliff Asness Says Yes, and No
At Morningstar, AQR Capital’s leader presents Fama and Shiller’s arguments and says he has “learned to live with my schizophrenia.”
Top 5 Fund Managers for 2013: Morningstar
PIMCO and Morgan Stanley are among group given top honors for their strong performance last year.
Top 22 Fund Managers for 2013: Morningstar
Nominations are based on performance, long-term risk-adjusted returns and being “good stewards of fund shareholders’ capital.”
Step Aside, Bill Gross: In Search of the New ETF Rock Stars
While pundits agree that PIMCO's Gross is the biggest “rock star” in fixed income, they say “smart beta” equity ETFs are what's next.
The Budgeting Can Kicks Washington Back
A slew of Nobel-winning economists join hundreds of other VIPs demanding honest budgeting in Washington.
Market Holds Rally, Investors Don’t Show Up
“You don’t get too many chances to get over 100% gain without inflation after only four years,” said one analyst at the Morningstar Investment Conference, where panelists lamented investors' lack of discipline since the financial crisis.
The Future for Advisors: Morgan’s Paul Hatch vs. iShares’ Mark Wiedman
At Morningstar ETF Invest, Hatch promoted long-term client relationship building while Wiedman stood for the brave new world of transparency.
Economy’s Been Down So Long, It Looks Like Up: Schwab’s Liz Ann Sonders
In her keynote speech at the Morningstar ETF Invest conference, Sonders asserted that she’s a contrarian, so the pessimism she hears “is music to my ears.”