Ray Dalio and Bob Prince, co-CIOs, at the $160 billion hedge fund firm, predicted volatility is here to stay and the rise of recession is heightened.
Wirehouse plans to cover every ETF on its platform, as it does with mutual funds. It is also looking to add multi-factor strategies later this year.
The Oakmark International fund, run by Harris Associates’ David G. Herro and Michael L. Manelli, enjoyed a bumper 2017 in terms of both flows and performance.
The wirehouse has contacted asset managers as it begins the next stage of its rationalization project. It also plans to increase research coverage.
Wirehouse makes Morningstar Analyst Ratings available to advisors. The deal does not affect coverage by the home office team or the number of funds available to advisors.
Don’t let his firm’s history fool you – Davis Advisors’ Chris Davis isn’t a traditional active manager. He’s evolving to keep pace with the changing industry.
Over 2017 we profiled 23 gatekeepers from all over the country to find out how they picked portfolio managers. Check out the highlights here.
Surprise move by Bank of Japan to taper bond buying program sends ripples through fixed income market.
Value investor Bill Miller has said stocks could rise as much as 30% this year as higher rates push bond buyers toward equities in a repeat of a trend seen in 2013.
Richard Clarida, a managing director in Pimco’s New York office and a global strategic advisor to the firm, is reportedly in the running to be No. 2 at the Fed.