Investments

The hedge fund he founded, Appaloosa Management, has returned 25% a year since inception in 1993.

Years of trial and error and research behind the scenes and continuing client-facing education resulted in the portfolio-mix sweet spot.

Although the firm sees risk parity as a way to compliment holdings of its biggest customers, critics see a volatile fund that has underperformed.

With income taxes attached to hardship withdrawals, they are often advised to carefully weigh other options.

Making sure what we say and what clients hear has been a trial-and-error process, but one that’s yielded useful results.

"You should buy into IPOs to hold them, because you believe in the company," James Gorman said.

After his record $2.3 billion purchase of the Carolina Panthers, some clients became concerned the demands of owning an NFL team might be too distracting.

Technology has created efficiencies for RIAs. It’s also a danger, says the firm’s COO.

The billions of dollars that have flooded the state and local debt market this year have only heightened the craving.

“The general feeling is that progress is made every day, little by little,” an executive said of the crypto community’s optimism.

The top 20 collected nearly $1 trillion in combined assets.

The delay does not “indicate that the commission has reached any conclusions,” the regulator said.

The company is “in the beginning stages of building out those capabilities,” according to a spokesman.

Those attracted to the asset management industry are highly susceptible to screening data to fit their existing preconceptions, new research shows.

Even momentum, which has made money in eight of the last 10 years, has plunged in 2019.

Nearly all posted losses over the last year.

Most Capital Group portfolio managers have at least $1 million of their own money in their funds.

Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.

More money has been pulled from hedge funds than added over the past four quarters, while ETFs reeled in $312 billion last year.