Hedge funds continue to do well, rising 2.4% in July, bringing year-to-date returns to nearly 12%, according to HedgeFund.net. In fact, it’s the best first seven months of the year for hedge funds in a decade.
Fifty-four percent of funds have less than their asset levels of January 2008, down from 64% than did so in December.
The best-performing category is convertible arbitrage hedge funds, up 30%, followed by multi-strategy hedge funds, up 21% this year, according to Hedge Fund Research.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
