Economy

Payrolls likely to be revised upward

Payrolls likely to be revised upward

Ignore January’s payroll employment gain of 257,000. The number, which was reported on Friday along with lots of other employment data, will be revised probably higher early next month when...

February 09, 2015 | 12:47 pm
Market only driver of money manager AUM growth in '14

Market only driver of money manager AUM growth in '14

Assets under management for most publicly-traded money managers inched up in the fourth quarter after they declined nearly across the board in the third quarter.

February 09, 2015
Political risk threatening to offset potential European growth

Political risk threatening to offset potential European growth

Political risk is taking center stage for global money managers as they consider their stance on Europe, offsetting the potentially economy-boosting effects of a new quantitative easing program for...

February 09, 2015

Duke, Texas A&M professors take home top Bernstein Fabozzi/Jacobs Levy Awards

Campbell R. Harvey of Duke University and Yan Liu of Texas A&M University were named co-winners of the top $2,500 prize in the Bernstein Fabozzi/Jacobs Levy Awards...

February 06, 2015 | 03:05 pm
London Stock Exchange officially puts Russell Investments on the block

London Stock Exchange officially puts Russell Investments on the block

London Stock Exchange Group will sell the investment management business of Russell Investments “in its entirety,” said a statement from the business.

February 05, 2015 | 02:03 pm
Canadian rate cut to affect corporate pension funding

Canadian rate cut to affect corporate pension funding

The Bank of Canada's cut in its overnight lending rate is yet another blow to Canadian corporate pension plans already struggling with mark-to-market accounting rules and investments hurt by the...

February 04, 2015 | 12:14 pm

NEPC: Foundations and endowments optimistic heading into 2015

Foundations and endowments feel the U.S. economy is in better shape entering 2015, an NEPC survey said.

February 03, 2015 | 03:48 pm
Dollar surge likely to reverse when oil bottoms

Dollar surge likely to reverse when oil bottoms

Last year, I focused on several cross-market correlations, which worked very well. The price of a barrel of Brent crude oil has been highly correlated with the inverse of the trade-weighted dollar in ...

February 03, 2015 | 10:00 am
President Obama proposes more retirement plan access, cap on tax savings

President Obama proposes more retirement plan access, cap on tax savings

President Barack Obama's fiscal year 2016 budget proposal released Monday calls for expanding access to retirement savings in the workplace while capping the tax-favored accumulation of all private...

February 02, 2015 | 04:27 pm

BATS Global Markets buys foreign exchange ECN

BATS Global Markets agreed to acquire institutional spot foreign exchange network Hotspot FX from KCG Holdings for $365 million in cash.

January 28, 2015 | 03:48 pm

Federal funds rate likely to stay low ‘for some time’

The Federal Open Market Committee repeated Wednesday that “it can be patient in beginning to normalize” monetary policy, but members declined to predict when they might be ready to raise...

January 28, 2015 | 03:29 pm
Timberland posts highest annual return since 2007

Timberland posts highest annual return since 2007

The NCREIF Timberland index returned 10.48% in 2014 -- its highest return since 2007. Last year's return consisted of 7.46% price appreciation and 2.86% income return.

January 27, 2015 | 03:43 pm
Analytic Investors: Seahawks will win

Analytic Investors: Seahawks will win

The Seattle Seahawks should beat the spread and win Super Bowl XLIX on Feb. 1 in Glendale, Ariz., if Analytic Investors LLC has anything to say about it.

January 26, 2015

Northern Trust: Managers overwhelmingly predict higher global market volatility

Money managers remain positive on U.S. economic and corporate growth but predict higher global market volatility in the first half of 2015, Northern Trust Corp.'s quarterly investment manager survey...

January 23, 2015 | 04:05 pm
U.S. oil and natural gas rigs down 8.1% from a year ago

U.S. oil and natural gas rigs down 8.1% from a year ago

The number of oil and natural gas rigs operating in the U.S. is down 8.1% from a year ago, according to weekly data released by Baker Hughes Inc. As of Friday, 1,633 rigs were operating in the U.S.,...

January 23, 2015 | 04:19 pm