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Princeton academic wins Nobel prize in economics
trueAngus S. Deaton, a Princeton University academic who holds both U.S. and U.K. citizenship, on Monday was named winner of the 2015 Nobel prize in economics for his pioneering research that includes linking income and consumption to explain capital formation.
BlackRock calls for halting the stock market to avoid volatility
trueBlackRock has concocted its own remedy for days of extraordinary volatility in the U.S. equity market.
Adapting to a changed fixed-income landscape
trueEver since the Federal Open Market Committee dropped the federal funds rate range to zero to 0.25% in 2008, investors have been waiting for rates to go up. Following the latest committee meeting Sept. 17, investors are still waiting.
A rocky summer for equity markets
trueVolatility returned to global equity markets with gusto in the third quarter, stalling the bull market.
China connection? Investors need clarification
trueInstitutional investors must have scratched their heads at the remarks of Jacob J. Lew, secretary of the Treasury Department, a few weeks before the beginning of the recent turmoil in the markets.
12 banks to pay $1.86 billion in credit default swaps settlement
trueJ.P. Morgan Chase & Co. is set to pay almost a third of a $1.86 billion settlement to resolve accusations that a dozen big banks conspired to limit competition in the credit default swaps market, according to people briefed on terms of the deal.
The world's going passive. Is it a mistake?
trueThe move passive from active to investing has been nothing less than seismic for the asset management industry. In the past 10 years, passive equity has gone from around a tenth of total equity assets to more than a quarter, and the momentum seems inexorable.
MiFID II proposals would bring equity trading rules to other asset classes
trueThe European Union’s market regulator proposed new regulations that would apply equity trading templates to other asset classes and put limits on the use of dark pools.
Leveraged credit market outlook
trueAfter experiencing a tumultuous second half of 2014, high-yield bonds and leveraged loans rebounded with solid returns in early 2015 before continuing their bumpy trend toward the end of the first half.
Market melee highlights need for some rule changes
trueThe timing of the stock market meltdown on Aug. 24 was uncanny, at least in the eyes of the exchange-traded product ecosystem.
Fed keeps rates at same level
trueFederal interest rates will stay the same for now at zero to 0.25%, the Federal Open Market Committee announced Thursday, with several members predicting the first hike will not come until 2016.
Former U.K. foreign secretary to become chairman of ICE Futures Europe
trueWilliam Hague, former U.K. foreign secretary and one-time leader of the Conservative Party in the U.K., was named chairman of ICE Futures Europe, effective in January.
Money manager group calls for more transparency, disclosure by dark pools
trueA report by a trading group comprising five money managers called on dark-pool operators to improve transparency and disclosure, avoid conflicts of interest and update their best-execution policies.
Size will matter in a rising rate climate
trueBack in the Cretaceous Period, the heyday of the dinosaurs was well underway. These huge creatures ruled their world and surely expected to continue to do so for a long time. Bigger was truly better. Then, largely out of the blue, they were wiped out, perhaps as a result of a large meteor hitting ...
BofA: Money managers take risk off table in September; confidence in economy sinks
trueManagers’ confidence in the global economy dropped sharply in September amid continued concerns about the possibility of a Chinese recession and emerging market debt default, said Bank of America Merrill Lynch’s latest monthly fund manager survey.