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Fixed Income a Difficult Buy, Managers Say

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Investors need to pick through today's bond market carefully, even if it means holding higher cash balances, a panel of bond managers said Thursday.

Gross's Janus Fund Added $6.8 Million Of Investor Money In March

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Bill Gross’s bond fund at Janus attracted $6.8 million in new investor money in March as performance stabilized, helped by a bet that the dollar’s rally won’t continue.

Putnam Chief: Pendulum Swung Too Far To Passive Investments

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Putnam Investments President and CEO Robert Reynolds said Thursday there is a danger the pendulum has swung too far to index funds and other passive investments.

Who Will Pay For Oil Industry's $26 Billion Safety Net?

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Wall Street banks could be on the hook for part of the $26 billion in insurance payouts that U.S. shale drillers stand to gain as a result of plunging oil prices.

Want Don Draper's Office? Here's How to Get It

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Mad Men's set decorator offers six tips for recreating the timeless, yet functional workspace of TV's famous ad man.

LPL Accused Of Improper REIT Sales By N.H. Regulators

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New Hampshire securities regulators have filed a $1.2 million enforcement action against LPL Financial over the sale of non-traded REITs.

Many Investors Unaware Of Their Broker Fees, Survey Says

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A significant number of investors are in the dark about the fees they pay to brokers, according to a Nasaa survey.

The U.S. Government's $800 Billion Gamble On Student Loans

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One of the big potential costs to U.S. taxpayers over the next years is an enterprise that's currently estimated to be even a bit profitable for them: financing student loans.

Fed's $4.2 Trillion Bond Choice Looms Beyond Interest Rate Rise

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In case exiting years of zero interest rates won’t be hard enough, Federal Reserve officials have another challenge: when to begin unwinding trillions of dollars of bond purchases that constitute...

Fidelity, FirstPoint Team Up To Handle Advisors' Smaller Relationships

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Fidelity and FirstPoint, a Mariner Wealth subsidiary, have teamed up to offer advisors help with mass affluent clients.

SEC Accuses Ex-Giants Cornerback Allen Of Running Ponzi Scheme

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U.S. regulators sued former New York Giants cornerback Will Allen over claims he helped run a Ponzi scheme that promised investors profits from loans to professional athletes.

Loomis Managers Watch Defense And Oil

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Political unrest and generalized global anxiety surrounding the pending interest rate rise will play out in the financial markets in the months ahead, Loomis Sayles says.

Advisor Support For Retirement Plan Fiduciary Duty Increasing, Says Survey

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There’s more support among financial advisors for the Department of Labor to impose a fiduciary duty on those advisors who work with retirement plan participants.

BlackRock To Close Or Combine Some Money-Market Funds, Says WSJ

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The world's largest money manager will close or consolidate some money-market funds as the company responds to recent regulatory reforms, says 'The Wall Street Journal.'

Wealth Manager HighTower Hires Eight-Member Team From Morgan Stanley

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Chicago-based independent wealth management firm HighTower Advisors said it has hired an eight-member team which managed about $750 million.

State Street May Roll Out More ETFs Linked To Star Managers

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The new leader of State Street's $2.45 trillion asset management division says he will look closely at expanding the bank's stable of bond-related products.

S&P 500 Rallying 206% Beats Wage Growth By Most In Five Decades

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Being an American worker with no stake in the equity market has, by one measure at least, seldom been costlier.

The IRS Wants to Convince Millennials It's Cool To Work There

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More than half the agency's employees are over 50 years old.

In Greenspan Conundrum Redux, Odds Are On Bond Traders’ Side

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The Federal Reserve faces another bond-market conundrum as it prepares to raise interest rates.

Muni Bonds Poised to Slow With Redemptions; Texas Tollways Sells

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Municipal bond sales in the U.S. are set to decrease in the next month while the amount of redemptions and maturing debt falls.