Updated Friday, April 18, 2014 as of 6:49 AM ET
Advisors Praise Firms, Question Strategy in TIAA-CREF/Nuveen Deal
While financial advisors clearly have high regard for mutual fund pioneers TIAA-CREF and Nuveen Investments, they are also raising questions concerning culture, strategy and personnel in the wake of the blockbuster $6.25 billion deal to merge the two firms.
Both TIAA-CREF, best known for its non-profit roots and work with teachers' retirement plans and hospitals, and Nuveen, with its municipal bond and government expertise, enjoy "great reputations" in the advisor community, as FPA president Janet Stanzak, principal of Bloomington, Minn.,-based Financial Empowerment points out.   more »
More in Fixed Income
FINRA is examining whether Wall Street firms overcharge investors on some bond trades and whether they unfairly allocate new corporate debt issues to reward certain clients. more »
America’s improving fiscal health is starting to be reflected in the market for Treasuries. more »
U.S. stocks rose, sending the Dow Jones Industrial Average toward a record close, and Treasuries fell as a report showed U.S. companies added to payrolls last month. The dollar strengthened with copper and gold. more »
Pimco's Bill Gross recommends staying in bonds maturing in five years and less even after comments last month from Federal Reserve Chair Janet Yellen sent shorter-maturity yields surging. more »
Former UBS banker Mark Zaino walked out of court a free man Thursday after a federal judge chose to impose no further sentence on him for his role in rigging municipal bond contracts. more »
Treasury yields were in the tightest range in nearly seven years as traders weighed prospects for Federal Reserve bond tapering against concern tension between the U.S. and Russia over Crimea will increase. more »
The Federal Reserve’s attempt to lift inflationto a level that would reflect a healthier U.S. economy is starting to take hold in the bond market more »
Bonds from Puerto Rico's record $3.5 billion general-obligation sale accounted for one-third of the trading volume of the entire $3.7 trillion municipal market on the day of their issue. more »
Puerto Rico came to market with $3.5 billion of general obligation debt Tuesday, tapping the municipal bond market with GOs for the first time in two years. more »
Bill Gross questions whether he is truly a great investor as he ponders his legacy in a new era of shrinking bond returns in his April investment outlook. more »
Treasuries fell for a fifth day, reversing earlier gains, before the U.S. government sells $64 billion of notes and bonds this week. more »
Pimco Unconstrained Bond Fund, one of the firm’s most important offerings as clients turn away from traditional fixed-income products, overhauled its investments in the fourth quarter, when Bill Gross replaced Chris Dialynas as manager of the $25.6 billion fund. more »
Redemptions from Bill Gross's Pimco Total Return Fund slowed to a 10-month low in February, the first month after the resignation of CEO Mohamed El-Erian. more »
Advisors on the Move: Cambridge Snags $500 Million Team

Current Issue

The April Issue is now online!

Already a subscriber? Log in here