Investment Strategies
Get the latest market outlook, as well as news and analysis on mutual funds, ETFs and alternative investments, all designed to help you construct a well-balanced portfolio for your clients
Rydex Acquired by Security Benefit
By Bob KeaneSecurity Benefit, the Topeka-based financial services holding company has signed a definitive purchase agreement to acquire Rydex Investments, Rockville, Maryland. The combined organization is expected to have roughly $35 billion in assets under management and $52 billion of assets under administration when the deal closes later this year.
June 18, 2007
Bill Would Tax Publicly Traded Partnerships as CorporationsSenators Max Baucus (D-Montana) and Chuck Grassley (R-Iowa) introduced legislation June 14 that would tax as corporations all publicly traded partnerships that directly or indirectly derive income from investment adviser or asset management services.
June 15, 2007
In a Hurry to Sell Short?The SEC has removed for good a longstanding obstacle to the short sale of stocks, eliminating the "tick" test. On the other hand, you'd better be ready to settle that short sale, as there will be no more grandfathering of positions that don't settle on time. They will be closed...
June 13, 2007
Russell to Restock Global IndexesRussell Investment Group released on June 12 those companies that will join or leave the Russell 3000 Index when that index of the broad market is reconstituted on June 22. The full list is available on Russell's Web site.
June 13, 2007
Hedge Fund Index up 6.84%Greenwich Alternative Investments released its monthly Hedge Fund Index on June 11, which showed a 2007 YTD return of 6.84%, and a monthly increase of 2.18% for May, compared to an 8.76% YTD increase for the S&P 500 (3.49% for May) and a 1.27% increase (-0.76% for May) for the...
June 06, 2007
No More Equity Research From Prurudential Financial is closing Prudential Equity Group, suspending that group's institutional equity research coverage immediately, and pulling the plug on the equity group's trading and sales arms in 13 cities.
June 05, 2007
The Sixth SensePredicting the market is a highly sought after skill. Knowing where the market is headed and being able to adjust portfolios for future movements is a valuable talent indeed. And while most people might argue that it's near impossible, they would underestimate investment advisors' sixth sense of the market's direction.
June 04, 2007
Dollar Declining, but Not Set to CrashA dollar crisis, with a precipitous decline triggering grave market volatility, could be looming according to a panel of experts at a seminar sponsored by Washington think tank American Enterprise Institute (AEI). The current U.S. deficit totaled about $800 billion in 2006 while China, most notably--where a stock market bubble...