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You might have caught the recent Barron's cover that read "Dow 16,000!"...The issue outlined why large fund managers were bullish about the next year, with 74% of those polled saying the market was headed higher. That is the single highest reading
Securities and Exchange Commission. (Photo credit: Wikipedia) State Treasurer's Office Now Says Pension Paid Placement Agents In its December 21012 cover story praising Rhode Island Treasurer Gina Raimondo for reforming the state's pension,
The report states that the AFT "is committed to shining a bright light on organizations that harm public sector workers, especially when those organizations are financed by individuals who earn their money from the deferred wages of our teachers."
Retired, largely elderly state workers had to have their benefits shaved by 3% annually to save the pension, they were told. With an average pension benefit of $33,000, the Treasurer apparently figured these retirees could learn to live a bit more
S&P Indices Versus Active Funds ), the statistical bible on such arcana, actively managed domestic mutual funds have a rather dismal record when compared against investing in passive indexes. In 2012, 66.08 percent of all domestic equity mutual funds
The logo for Wells Fargo bank is pictured in downtown Los Angeles, California July 17, 2012. Wells Fargo & Co is slashing an approved list of money managers and investment vehicles that its stockbrokers market to the firm's wealthy clients, a change
Technology allows us to write new verses to old songs, but the tune always sounds like The more things change, the more they stay the same. That's the message to take from some recent social-media activity that has investors wondering if Twitter is a
One of the most powerful U.S. business groups is seeking support from mutual fund firms for proposals that could rein in the influence of proxy advisory firms , but it is meeting resistance from some money managers. Inc's ISS and Glass, Lewis & Co
While equities around the world soared last year, the stock market rebound abroad was decidedly different from the one that sent the Standard & Poor's 500-stock index up 16 percent in 2012. In the United States, the most economically sensitive stocks,
has usurped its position as the top stock among money managers. As the insurance giant continues its recovery from the financial crisis, investors have by and large shunned the company because of its history , but this may be a turning point for AIG.