Investments

Hedge funds got less bullish on gold before prices dropped to the lowest level since 2010, leaving the metal poised for the worst annual loss in 32 years as investors dump bullion at a record pace.

The globe-trotting Henderson International Opportunities Fund came to the Japan party a bit late, but had an outstanding year in Europe.

The amount of loans to the riskiest U.S. companies ballooned to a record this year, propelled by unprecedented demand for floating-rate debt that offers protection from rising interest rates.

U.S. Stocks Advance on Apple’s China Deal, IMF Economic Outlook

Nasdaq Price System May Take Years for Structured Note Progress

The U.S. Commodity Futures Trading Commission, seeking to bolster global oversight of derivatives trading, released determinations for when overseas rules are sufficiently robust to take precedence over Dodd-Frank Act measures on trades in foreign jurisdictions.

The U.S. economy expanded in the third quarter at a faster rate than previously estimated as consumers stepped up spending on services such as health care and companies invested more in software.

Ex-Morgan Stanley Fund Manager Must Pay Back $31 Million

Deutsche Bank Forfeits 221 Million Euros From Monte Paschi Deal

CFTC Opens Probe Into Fees Charged by Managed Futures Funds

Leading Indicators in U.S. Rose More Than Forecast in November

The Federal Reserve on Wednesday agreed to softly pare back its asset purchases by $10 billion, taking the first step in unwinding its controversial bond buying program.

Pimco Says Growth Abroad May Lift ‘Not Stellar’ Asia Economy

Treasuries Snap Advance Before Fed Announces Decision on Taper

John Bogle on Founding Mutual Fund Giant Vanguard

Omers Pension Names Michael Latimer New CEO as Nobrega Retires

While the landscape for low-cost fund options for do-it-yourselfers is expanding, John Bogle, founder and retired CEO of the Vanguard Group, believes DIY product offerings are too often inappropriate for long-term investors, who are at risk of being led astray.

Jefferies Group, the securities firm owned by Leucadia National, said profit rose 68% as stock underwriting more than doubled and investment- banking revenue reached a record.

There’s a 40% to 60% chance that the Federal Reserve will announce a reduction in its asset purchase program tomorrow, according to Mohamed El-Erian, chief executive officer of Pimco.

Very few funds have been able to maintain a top quartile ranking over the years, according to the S&P Dow Jones Indices’ S&P Persistence Scorecard.