Citigroup agreed to pay almost $180 million to settle SEC allegations that it defrauded wealthy clients of two failed hedge funds by telling them the investments were as safe as low-risk municipal...
Love exchange-traded funds or hate them, one thing is clear: The biggest investors are increasingly using them as a way to dabble in inefficient and opaque bond markets.
Their study shows that due to inherent biases in the way hedge-fund databases compile results, the industry's returns have been about half as strong as they appear.
