Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
What Buffett knows
By Richard HoeThe science of neuroeconomics is about tradeoffs. Our ancestors spent millions of years learning to be impatient. We eat a lot today because we are hardwired to think that food might not be available tomorrow.
July 21, 2010
BlackRock Doubles Q2 Net Income, but Client Outflow Problems PersistBlackRock reported Q2 2010 net income of $432 million, up $214 million from a year ago and up $9 million from the first quarter.
July 21, 2010
Morgan Stanley Raises Profits as Wealth Unit Sees OutflowsMorgan Stanley Smith Barney said Wednesday, July 21, that its global wealth management clients withdrew net $5.5 billion during the second quarter
July 20, 2010
Goldman Sachs Q2 Earnings Plummet on SEC Settlement, U.K. Bank Tax, and Market VolatilityGoldman Sachs reported net earnings of $613 million for second-quarter 2010, an 82% drop from quarterly earnings a year ago, at $3.44 billion. Earnings per common share were posted at 78 cents versus $4.93, 84% lower.
July 20, 2010
Housing Starts Dropped Precipitously in June, Commerce Department SaysNew home and apartment construction statistics for June showed a precipitous drop in housing starts, which were 5.0% below the revised estimate for May and 5.8% below the June 2009 rate, the U.S. Commerce Department reported.
July 19, 2010
LaCrosse Global Fund Services to Buy BofA Merrill Lynch Administration BusinessLaCrosse Global Fund Services announced it has agreed to acquire the global alternative fund administration business of Bank of America Merrill Lynch, subject to regulatory approval.
July 19, 2010
Broadridge Introduces Data Transparency Tool for ETF ManagersMarket Intelligence, a data transparency tool that allows exchange traded fund managers to see how financial advisors are using ETF products, has been launched by Broadridge Financial Solutions Inc.
July 19, 2010
Three Studies Worth a Quick ReadDo hedge funds hedge? The experience of the Great Recession - Vanguard Research Do hedge funds help investors avoid the worst during periods of distress...