Stock rally is sending investors back into hedge funds

After years of losing both clients and clout in financial markets, signs are emerging that hedge funds are back in favor in the U.S. In the past few months, investors such as George Soros’s family office and the Texas pension fund have been plowing cash…

Gold market focuses on yield curve control

Now that futures have cracked $1,800 an ounce, the global gold market wants to know what the Federal Reserve may do next to rescue the U.S. economy, with minutes due Wednesday that are expected to shed light on the central bank’s willingness to embrace yield…

Stifel snags $935 million adviser team from Merrill Lynch

Stifel Financial Corp. announced Friday that an adviser team managing $935 million in client assets is leaving Merrill Lynch to join the firm’s broker-dealer subsidiary, Stifel Nicolaus & Co. Inc. The team, which consists of four long-time Merrill Lynch advisers, marks the third group of…

Firms, regulators, plaintiffs’ bar set to determine whether Reg BI protects investors

One of the first major actions Securities and Exchange Commission Chairman Jay Clayton took after assuming his post in 2017 was to release on June 1, 2017, a request for comment on conduct standards for investment advisers and brokers. The investment advice reform regulatory package…

401(k) trading didn’t hurt returns for participants in Q1: Report

Most 401(k) participants didn’t touch their accounts during the volatile first quarter — but those who made trades didn’t necessarily suffer lower returns, a recent paper suggests. Less than 9% of participants traded within their accounts during the first three months of 2020, a rate…