Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Third Avenue Names New Co-Managers for Two Funds
By Marlene Y. SatterThird Avenue Management, an investment advisor to private and institutional clients, announced Monday, September 13, that two of its funds, the Third Avenue Focused Credit Fund and the Third Avenue Real Estate Value Fund, will now have new co-managers.
September 12, 2010
Burry, Scion Capital Founder, Bets on Gold, FarmlandDr. Michael Burry, who predicted the collapse in mortgages and founded Scion Capital, said in a September 7 interview with Bloomberg News that his current monies were riding on gold and arable farmland.
September 12, 2010
House Republican Leader Boehner Would Vote for Obama's Tax CutHouse Republican leader John Boehner of Ohio said on Sunday, September 12, that he was open to voting for President Barack Obama's plan to maintain the lower tax rates for couples earning less than $250,000, but letting them expire for those earning more.
September 12, 2010
Half of Advisors Want to Cut Clients: Russell SurveyThe September 9 release of Russell Investments' Financial Professional Outlook, a quarterly survey of U.S. financial advisors, indicates that advisors would like to slice their client load.
September 10, 2010
PowerShares to Launch ETFs Using KBW IndexesInvesco PowerShares announced Thursday, September 9, that it had signed an agreement with Keefe, Bruyette & Woods (KBW) to license four KBW indexes.
September 10, 2010
European Fund-of-Funds Market to Surge: CerulliAccording to a report released Friday, September 10, by Cerulli Associates, European fund-of-funds market growth is expected to hit 80% over the next five years, expanding by nearly 250 billion euros.
September 10, 2010
S&P Launches Equal-Weighted Version of Its S&P GSCIStandard & Poor's is launching an equal-weighted version of its popular S&P GSCI commodities index. Called the S&P GSCI Equal Weight Select Index, the new index comprises 14 commodities in the world production weighted S&P GSCI.
September 10, 2010
NYSE Euronext Joint Venture Focuses on Sustainable Energy MarketNYSE Euronext (NYX) is expanding its focus on environmental and sustainable energy initiatives through a joint venture, NYSE Blue, with APX, Inc., the company announced Tuesday, September 7.