Hedge funds are increasingly using exchange traded funds, particularly to short the market or various sectors, Reuters reports.
Use of ETFs has doubled in the past year, particularly because hedge funds like their flexibility for shorting, a
Trading in equity derivatives has reached $7.4 billion this year, up 23% from 2002, and ETFs comprise a full 77% of this market.
Money managers have also greatly cut back on their use of derivatives specialists, from 60% in 2001, to just 20% in 2003.
Forty-five percent of wealth managers say a disputed presidential election would hurt their business, according to a new Arizent survey.
Citizens Financial said long-time Morgan Stanley leader Paul Casey will spearhead its wealth, private banking units as part of a larger expansion in advisory services.
Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.
Executives say the results show the wisdom of the firm's deliberate decision to focus on high net worth clients.
Even as ETFs in general enjoyed a bullish month, some funds lost billions of dollars. Here are the bottom 20.
It's that time of year again. Here's how to nominate a colleague — or yourself — for Financial Planning's Rising Star awards.
