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Equities enjoy big rally with few shocks in 2013 but drama ahead
trueIt's been a wonderful year to be a stock investor. Not only is 2013 shaping up to deliver the best returns of the past 10 years, it's also offered one of the smoothest rides.
Reforms still needed to aid investors, CFA speakers say
trueStability is returning to global markets, but more decisive action still is needed by both regulators and the investment management industry to regain investor confidence.
EBRI: More workers saving, but percentage in workplace retirement plans drops
trueWhile more people participated in workplace retirement plans in 2012, they made up a slightly lower percentage than the year before, according to a new analysis by the Employee Benefit Research Institute.
Fed doesn't change interest rates, quantitative easing
trueDespite seeing signs of “growing underlying strength” and diminished downside risk in the economy, members of the Federal Open Market Committee meeting in Washington on Wednesday decided to make no changes to their $85 billion-per-month bond purchase program, and to keep a low federal funds rate of ...
BlackRock's Fink says there are 'bubble-like markets again'
trueBlackRock CEO Laurence D. Fink, whose company is the world's largest money manager with $4.1 trillion in assets, said Federal Reserve policy is contributing to “bubble-like markets.”
El-Erian: Major economies, investors must address inflation in 'medium term'
trueThe U.S. inflation rate should be in the 1.5% to 2% range in the next 12 months, compared to the current rate of 1.4%, Mohamed El-Erian, CEO and co-chief investment officer of Pacific Investment Management Co., said on Monday.
Japanese corporate funds not eating the home cooking
trueAlmost a year into Japan's “Abenomics” experiment, Japanese corporate pension funds' cool stance toward their country's resurgent domestic stock market is becoming an increasingly lonely — if long-term — one.
Market efficiency's challenge
trueThe Royal Swedish Academy of Sciences, in honoring Eugene F. Fama this year as a co-winner of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, recognized the triumph of the efficient market hypothesis, which through index funds has improved the investment outcomes of ...
Fed's strategy on economy helps to calm world markets
trueRisk in the third quarter came down in most markets, according to the Axioma Insight Quarterly Risk Review.
Watch for the signals on policy direction out of Washington
trueWith the federal government reopened and the debt ceiling extended, it is not surprising markets have experienced a “relief rally” as investors cheer that the unthinkable — a default on U.S. debt — has been averted. Exhausted, if not disillusioned, by this most recent episode of political ...
Investment managers gloomy about economy, report says
trueInvestment managers this month grew uneasy about the prospects for the global economy as political conflict in Washington and fears about a slowdown in China weighed on the optimism that has lifted blue-chip stock prices to record highs.
Knight Capital to pay $12 million in trading glitch case
trueKnight Capital Americas LLC will pay $12 million to settle charges brought by the SEC over a computer trading glitch that cost the company as much as $460 million in erroneous trading orders in August 2012.
CalPERS CIO: U.S. default would have 'catastrophic consequences'
trueA default by the U.S. government would have “catastrophic consequences” for the U.S economy, warned CalPERS Chief Investment Officer Joseph Dear on Monday.
Learning from disaster
trueFrom the energy crisis of the 1970s to the financial crisis of 2008 to the ongoing pension funding crisis, the past 40 years have seen crises driving the invention of new ways to protect plan assets.
Shutdown foils asset owners and managers
trueThe political paralysis in Washington that shut down the federal government Oct. 1 and is bringing the U.S. within days of breaching its debt ceiling is taking a toll on institutional investors, from spiking short-term borrowing costs and market uncertainty to general frustration.