The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated....More
VIEWPOINTS: Andrew Dudley, Senior Portfolio Manager, Context Asset Management; To create a strong core alternative allocation, advisors and investors must understand that alternatives cannot be judged by returns alone...More
Alfred Jones is credited with constructing the first hedge fund structure in 1949, but hedge funds didn’t reach a wider usage until the 1970s. Yet despite hedge funds almost 50-year popularity, one in four advisors still say they’re not familiar with hedge funds.
Professional athletes may act like they’ve got millions to throw around, but many don’t. On average, professional basketball players earn the most out of the five major sports leagues (NFL, NBA, NHL, MLB and MLS). NBA players make about $5.15 million a year, according to Sports Interactive. But the average career lasts less then five years, generating just under $25 million for these players.
Pershing has added an Alternative Investment Center to its NetX360 advisor platform, which will include resources, research and tools to help advisors educate clients on alternative investments....More
The proliferation of alternative mutual funds continues, but many have short track records and caution is required, said a Morningstar researcher during a Fidelity alternatives roundtable discussion....More
The industry regulator slapped LPL Financial with a $950,000 fine on Monday, alleging the broker-dealer failed to adequately supervise sales of non-traded REITs and other alternative investment products....More
Today, a wider swath of the investing community is finding it easy to invest in alternatives, including independent broker/dealers. Here are the highest-rated IBDs for access to alternative investments, according to the 2014 IBD Report Card.
Wednesday marked the five-year anniversary of Bernie Madoff's arrest, but how easily investors forget. Here are eight lessons investors should've learned from the Madoff scandal, and some things advisors should be aware of as clients become more scrutinizing.
Why do we make decisions that aren’t always in our own best interest? This group of articles from the Investments & Wealth Monitor takes a fascinating look at behavioral finance and behavioral portfolio management....More
With the wind at their backs, sprinters have broken speed records. Similarly, the tailwind of a bull market has boosted the fortunes of equity investors over the past five years. In both cases, the pace cannot be sustained over a long period of time. Look back no further than the past 10 years for confirmation of the market’s lack of endurance....More
Global bond markets defied consensus predictions in the first half of this year. But with more muted returns are expected for the rest of 2014, investors already may have earned the bulk of this year’s returns....More
An increasing number of families in recent years have been investing in the renovation of their homes, but too many do not fully appreciate the range of risks involved – from unreliable contractors and worksite injuries to property loss, lawsuits, and family safety threats....More