BlackRock Cuts 5-Year Return Assumptions Again for Most Asset Classes
Chief Strategist Richard Turnill cites falling yields and slower global growth expectations for capital markets' bearish outlook.
State Street to Pay $382M Over Hidden Markups in Foreign Currency Trades
State Street set prices driven by predetermined markups and made no effort to obtain the best prices for clients, regulators say.
Asset Managers Gobble Up Smart Beta Firms
These acquisitions provide another revenue source for acquiring asset managers, and their growing popularity could ultimately result in lower fees.
This Bull Market Is Powered By Your Indifference: Barry Ritholtz
The bull market really began in 2013... By that measure, this bull market is only three years old and could easily have a long way to go.
How to Save Retired Clients Thousands in Medicare Costs
Wealthier clients can save tens of thousands of dollars in Medicare premiums by using savings vehicles that the government doesn't consider in its income calculations.
PIMCO Names Man Group’s Chief Emmanuel Roman as Its New CEO
Roman to replace Douglas Hodge, who succeeded Mohamed El-Erian in 2014, as asset manager moves to diversify beyond fixed income focus.
Treasuries Snap Losing Streak as Bond Bulls Ponder 1% U.S. Yield
More investment strategists are expecting the 10-year Treasury yield to fall to 1% by next year, which would mean more gains
Another Bad Month for Active Funds: Morningstar
With active U.S. equity suffering its largest monthly outflow since October 2008, some fund families feel the pain.
Sell Oppenheimer Muni Funds on Puerto Rico Risk, Ameriprise Says
Oppenheimer funds held $3.5 billion worth of Puerto Rico securities as of March 31, the most of an mutual fund group, according to Morningstar.
Stock Market Rally Won’t Last, Goldman Warns
Goldman strategists caution investors that the “risk-on” mantra that has prevailed since immediately after the Brexit vote can reverse quickly.