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The trading capital of Connecticut is now all up in arms, it seems, because UBS is talking about moving out.

Tradeweb said it added high-yield bonds to its European credit trading platform. The addition of high-yield bonds was intended to help asset managers "to enhance portfolio returns,'' in a period of low interest rates.

Vanguard is preparing to offer a suite of exchange-traded funds in Canada, and the move is likely to set off a price war in a nation where fees have historically been high, according to reports.

Giant financial institutions and wirehouses that spent fortunes attracting and retaining top-producing brokers and wealth managers over the past few years may be about to get socked with a big wave of departures this year and, especially, in 2012.

Talent and creativity in the fund industry are burning brighter than ever.

Former New York Banking Superintendent Richard Neiman has joined PricewaterhouseCoopers as vice chairman of the firm's global financial services regulatory practice. Neiman was also a member of the Congressional panel overseeing the implementation of the Troubled Asset Relief Program (TARP).

A new report from Metropolitan Life Insurance Co. suggests that financial advisers need to educate their clients better on the importance of managing their emotions as well as their spending and investing behavior during and close to retirement just as they did-presumably-when they were saving up for their golden years.

Investors and regulators aren't the only ones wanting to know how a fund will mitigate its operational risk.

After four decades of steady growth, the Vanguard Group is now the nation's largest fund company, with $1.6 trillion under management. Its three core strengths: a solid reputation for putting investors first, its emphasis on giving broad exposure to the stock market through index funds and its low fees.

If this article were written in 2001, its advice would center on how to effectively pull data out of an annual or quarterly report and make best use of it.