Money Management Executive Latest News

Low yields, compounded by the market’s steep dive this week, are prompting investors—particularly Baby Boomers—to seek income beyond the traditional sources, The Wall Street Journal reports. That’s means they’re not just looking at dividend-paying stocks and long-term Treasury bonds but at exotic offerings, such as foreign real estate investment trusts, publicly traded energy partnerships and dividend-capture funds.

Justin Paperny, a 31-year-old broker with Capital Management Group admitted attempting, along with fellow broker Keith Gilabert, of attempting to defraud 40 investors of $2.5 million by misrepresenting the performance the firm’s hedge fund, GLT Venture Fund, according to the Federal Bureau of Investigation, the Los Angeles Daily News reports.

Calling Tuesday’s 10% decline in China’s stock markets a long overdue correction, most fund managers maintained their faith that the market will rebound due to a number of positive factors, Reuters reports. China’s market continues to boom, regulators continue to impose reforms and investors have a great deal of cash on the sidelines that they are anxious to invest, fund managers said.

John Hancock has created a retirement income and rollover solutions business unit.

John Hancock has created a retirement income and rollover solutions business unit.

John Hancock has created a retirement income and rollover solutions business unit.

John Hancock has created a retirement income and rollover solutions business unit.

John Hancock has created a retirement income and rollover solutions business unit.

John Hancock has created a retirement income and rollover solutions business unit.

John Hancock has created a retirement income and rollover solutions business unit.