The greenback is once more proving it’s the only haven that matters. Treasuries are cratering — and sending other bond markets down — as a looming shutdown underscores the potential that US fiscal profligacy will spur issuance. With the Federal Reserve determined to keep interest rates higher for longer, investors...
Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system. Hit by a drought of deals and dwindling cash, some buyout firms are starting to resort to backroom financing to...
Investors overseeing $23.6 trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss. Axa Investment Managers, Robeco, the Church Commissioners for England, Storebrand Asset Management and 186 other participants in the Nature Action 100 initiative have written to companies demanding “urgent...
UBS Group hired longtime trading executive Brian Williamson as it seeks to expand its U.S. execution hub, set up to help asset managers and hedge funds cut costs tied to running a trading desk. Williamson, who most recently was head of sales of the trading firm Luminex, joined UBS as...
European luxury stocks fell again on Tuesday as Morgan Stanley joined the chorus of analysts warning that demand for expensive handbags and jewelry in China and Europe is likely to slow. Shares in French luxury giant LVMH fell as much as 2.3%, extending their drop from the year’s high to...
If you’re in the middle of retirement planning, one of the risks you may want to consider is longevity. It’s a unique factor. It impacts everyone, it is impossible to forecast, and it changes over time with improvements in medical science. It’s also going to be a major topic covered...
For six years, InvestmentNews has tracked the Best Places to Work for Financial Advisors, highlighting the industry’s top employers and how they foster winning workplace cultures. The deadline to be considered for this unique recognition in 2024 is Friday, Sept. 29. To register your firm, complete this form. Only a simple...
After beating the skeptics in its first iteration, Future Proof cemented its place in the wealth management industry’s annual event lineup when it returned to Huntington Beach, California, earlier this month. The event, developed as a collaboration between production studio Advisor Circle and Ritholtz Wealth Management, successfully evolved from the “world’s first...
As millions of students begin the new school year, parents across America are edging closer to the day when their offspring stand on their own two feet. But thoughts of shuttering the bank of mom and dad should be put on hold according to a study from the North Carolina...
Three years and nearly $1 billion later, Wells Fargo & Co. is finally playing offense in one of Wall Street’s hottest battlegrounds: wealth management. The banking giant is trying to lure hundreds of independent advisers to join its platform as part of a larger push to expand the firm’s business...