Volatility

Despite recent upheaval, some clients will still be shocked their portfolios have shown declines.

“Concerns over the program's ability to pay promised benefits have been around for a long while, but they're heightened,” an expert says.

Equities have rallied more than 20% from March lows, but remain well below 2020 highs.

Some of the industry’s largest names took a hit in last month’s market tumult, including funds run by Ray Dalio, Michael Hintze and Adam Levinson.

The clearing and custody giant isn’t saying which company paid it a notable breakage fee this quarter.

There are important distinctions between 2020 and that meltdown 10 years ago, writes John Taft.

The fund ditched its tail-risk protection weeks before the coronavirus sent stocks into a tailspin, according to people familiar with its decision.

The firm's wealth management unit saw new demand for credit, according to CEO Sergio Ermotti.

If the price declines enough, it can breach a barrier where the investor starts suffering one-for-one losses all the way to zero.