Money Management Executive Latest News

BlackRock and WisdomTree Investment Inc., the firm where former hedge-fund manager Michael Steinhardt is both non- executive chairman and the largest shareholder, will each open ETFs targeting the same hot spot in the market, and at first glance both come with the same price tag. The twist: BlackRock’s will be free for a year.

Illinois Pension Fix Ends Bleeding Before Bond Sale: Muni Credit

Among the reasons that bears are wary of the muni market: Detroit's default last summer, Puerto Rico's looming (as of mid-January) downgrade, Illinois' mounting pension obligation and the Federal Reserve's decision to begin tapering its $85 billion monthly bond-buying program. The S&P Municipal Bond Index was down 2.3% for the year that ended on Jan. 7 - ouch.

The financial industry has accumulated a series of black eyes in recent years, for everything from the role that mortgage-backed securities played in the Great Recession to the scandal over LIBOR, and mutual fund and ETF managers and providers haven't escaped the damage.

In every industry, it's rare to find a business admit that technological education and investment isn't a priority now or for the future.

Top Tech Trends: Big Data, Voice Recognition

What's Keeping Fund Managers Up at Night?

Blackstone Group LP, the biggest manager of alternative assets, posted record fourth-quarter earnings as it sold real estate and private-equity investments at a profit. The shares rose the most in a year.

Pacific Investment Management Co., the world’s largest bond manager, expects speculative-grade bond investors to largely collect the coupons paid by the debt in 2014 after an average 20% gain in the last five years.

U.S. stocks rose from a two-month low while Treasuries and gold fell as data showed rising consumer spending and corporate earnings beat estimates.