The hedge fund backlash has begun. Tired of the hassles of investing in hedge fund limited partnerships, more advisors are creating their own “hedge fund”-like strategies with new hybrid mutual funds. You can do it, too.

If you come to a fork in the road, take it. Laugh at Yogi Berra's (intentional) malapropism. But the intended observation if a new path opens up to you, follow it is true enough.

STRUCTURED PRODUCTS, complicated hybrid securities used both to hedge and to speculate, are among the fastest growing investment vehicles in the retail market

Some years ago, during the Great Buying Panic of the 1990s, it occurred to Rob Isbitts that the traditional idea of diversification might not provide the downside protection it was advertised to deliver.

When the mutual fund scandals broke in 2003, some of the most notorious villains were so-called side-by-side managers money managers that ran mutual funds and hedge funds at the same time.

Over the last two months we've covered the ins-and-outs of single premium immediate annuities (SPIAs).

SOME PEOPLE have too much of a good thing: The 2001 tech wreck taught a lot of advisors and their clients that. In fact, no advisor worth his salt would suggest that a bond fund, a small-cap fund and exposure to, say, the 10 industry segments of...