Portfolio

Celebrity heirs fighting over the estate is far from uncommon but it is unusual when an ugly court battle starts before the celebrity even dies. That certainly has been the case with the Dennis Hopper estate.

Unless high-speed professional trading somehow leads to more Flash Crashes and everybody decides they need complete liquidity on all investments, how fast you can get in and out of these funds should not matter much.

Altegris Advisors has launched the Altegris Macro Strategy Fund, which it is characterizing as the “ultimate go-anywhere fund.”

Too many investors and even their financial advisors are not paying enough attention to “what’s under the hood” of exchange-traded funds (ETFs) that have become so popular with investors in the past two or three years, according to S&P equity analyst Todd Rosenbluth.

Munder Capital Management has launched the Munder Integrity Mid-Cap Value Fund and the Munder Integrity Small/Mid-Cap Value Fund, both of which are sub-advised by subsidiary Integrity Asset Management, a value specialist that Munder acquired earlier this year.

Barclays Bank has launched the iPath U.S. Treasury 5-Year Bull Exchange Traded Note and the iPath U.S. Treasury 5-Year Bear Exchange Traded Note.

Altegris Advisors has launched the Altegris Macro Strategy Fund, which it is characterizing as the “ultimate go-anywhere fund.”

Van Hulzen Asset Management and Witter Partners have launched the Iron Horse Fund, a mutual fund that invests in dividend-paying stocks and uses call options to reduce volatility and create incremental income. Van Hulzen is the fund’s advisor and Witter is its distributor and marketer.

Consumer Reports’ Consumer Sentiment Index rose slightly from 46.2 in June to 48.5 in July but remained in negative territory, as the stagnant job market is making consumers cautious about spending.

Gold prices rallied in U.S. dollars and hit an all-time high in Euros -- a response to Moody’s downgrade of Portuguese government debt to junk last week -- amid concern that troubles in Italy and Greece will drive Euro down.