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John Miller's New Junk Muni Fund Hits $1 Billion In Five Months

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Market-wide, high-yield muni funds have gained $5.7 billion this year.

Edelman Financial Engines Buys $453M Soundmark Wealth In First 2024 Deal

by FA Staff

The acquisition of the Kirkland, Wash., firm expands Edelman's footprint in the Pacific Northwest.

A Doomsday Recession Mentality Is Keeping The S&P 500 Strong

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Companies are shoring up their bottom line, cutting costs and stockpiling cash.

Stubborn Inflation Poses Risk To Upgraded U.S. Economic Growth Forecasts

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So far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and household spending seems to have lost some momentum...

Hong Kong And China Stocks Are On A Tear. Should You Invest?

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A tech-fueled rally is luring investors back to the world's second-largest economy. But will it last?

Goldman Strategists Say Loss-Making U.S. Companies Face Rates Risk

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The majority of unprofitable growth stocks are tech-related, the firm says.

NYSE President Sees More Companies Pursuing Public Offerings

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About 25 companies on the exchange have had IPOs this year, she said.

DOL's Fiduciary Rule Vulnerable To Court Rejection, Law Firm Says

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The rule is more vulnerable than a similar Obama-era edict that was overturned by the courts, the financial industry law firm says.

AITi Global Buys Midwest Family Office With $3B AUM

by FA Staff

The acquisition of management-owned Envoi of Minneapolis is expected to close in the third quarter.

Brainard Vows Corporate Tax Hike With Trump Cuts Set To Expire

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The Biden administration wants to preserve tax breaks that were given to the middle class, he said.

Inheritances Be Damned: Clients Want To Spend While They Still Can, Advisors Say

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In the wake of the pandemic, more clients are seizing the moment and putting their money to use before they die.

Jim Simons, Code Breaker Who Mastered Investing, Dies At 86

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His technique for predicting price changes was so successful that he became known as the Quant King.

RBC Hires Ex-Truist Team In Nashville With $730M In Client Assets

by FA Staff

The Glaser Group of Nashville, Tenn., is led by Louis Glaser with his two sons as vice presidents.

Beverly Hills 90210 Mansions Lose Fire Coverage As Insurers Flee

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It's part of a nationwide trend driven by climate change.

Ackman Scolded Over DEI Views At Closed-Door Milken Session

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Most who spoke argued that his message threatens to undercut diversity programs across America.

BofA Says Investor Appetite For Longer-Dated US Bonds Is Surging

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A gauge of investors' desire to extend duration in their portfolios has climbed to the highest in a year.

Hedge Funds Draw Pension Money To Riskiest Corner Of A $1.3 Trillion Credit Market

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Pension plans and insurers have been piling into funds that invest in equity tranches of collateralized loan obligations.

Goldman Sees Delayed Trump-Biden Election Call As Trading Risk

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A prolonged decision could spur a surge in market volatility, the firm said.

Wall Street Has Culled Some 1,000 Mutual Funds In Past Decade

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While 95 new mutual funds have debuted this year, 123 have already shuttered.

Private Equity's $3 Trillion Burden Sparks Hunt For Exit Options

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A return to true health in the IPO pipeline could take until next year.

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