Hedge funds gained an average of 1.86% in April, according to
The top 25% of hedge funds returned an average 2.99%, while the bottom 25% earned 35 basis points.
The best-performing hedge funds were specialty technology hedge funds, which returned a mean of 6.20% in April. The next best-performing were emerging markets funds, which returned a mean of 4.62% in the month, followed by value hedge funds, with a mean increase of 4.33% in the month.
HedgeFund.net tracks 2,400 hedge funds.
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
