Capital markets

Venture capital investment has plummeted in many coronavirus-ravaged economies, but larger, profitable fintech firms with the right digital products might still score funding.

CEO Larry Fink has provided the federal government insight on coping with the fallout from the pandemic.

Private equity points to the birth of the advisor independence movement as proof they’re in it for the long haul.

The setback for the hedge fund, which slid as much as 14% in the first quarter, is another example of the turmoil wrought by the coronavirus.

The poor showing may lead investors to question why they’re paying some of the highest fees in the money management industry.

Risk assets have benefited from stimulus programs enacted to shore up the economy as the fallout from the coronavirus continues to wreak havoc.

“People are just saying, ‘Why should I pay for an active manager when most of them lose to the benchmark anyway?’ This is a big deal,” an expert says.

The $349 billion stimulus package from the Small Business Administration provides loans to cover payroll, rent and utilities for up to eight weeks.

“I do believe that clients sometimes get too caught up in expense ratios,” an expert says.

Wealth management firms have evolved past looking for a “flashy digital product” to solve their technology problems, MyVest CEO Anton Honikman says in an episode of Financial Planning’s Invest Podcast.

The fund will track industries such as cloud technologies, remote communications and cyber security, according to an SEC filing.

The smart-beta pioneer and sub-advisor to money managers has re-calibrated its forecasts after the coronavirus-induced crash reshaped markets.

“This market environment is a very good one for investors to do a self-awareness check,” an expert says.

For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.

Risk managers must be especially vigilant about the bets their traders are making to profit from current market dislocations brought on by the coronavirus.

Cash-hungry REITs are selling their portfolios at steep discounts as talks heat up over similar deals and even equity stakes in the companies themselves.

As financial professionals we are not immune to anxiety — we are just informed and that’s a value-add for clients.

“Ideally, you would like clients to try not to make really short-term decisions, however this is an unprecedented situation,” an expert says.

Flagship funds at Ken Griffin's firm had been down 5.3% through March 20 before things turned around.