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Feb 23, 2011

ETF Edge-In oil surge, new ETFs lag the real thing

BOSTON, Feb 23 (Reuters) – With stocks falling and oil
surging on Mideast turmoil, getting into an ETF based on crude
prices might seem a great way to invest in a few barrels.

But the way new ETFs are trading it’s more like getting
half barrels with a lot of suds on top.

Feb 17, 2011

Wedgewood’s Rolfe see Apple and Google as winners

BOSTON (Reuters) – The latest headlines about Google and Apple pit the companies against each other in a heated battle for smartphone supremacy, but both will end up winners, according to fund manager David Rolfe.

Rolfe, who runs a concentrated portfolio of just 20 to 25 stocks at the new Riverpark/Wedgewood Fund, says the history of technological development shows the market will easily support two or even three major platforms in the end.

Feb 11, 2011

Trade idea: Advisers suggest lower risk muni bonds

BOSTON (Reuters) – Financial advisers and fund managers are starting to challenge some of the most common and cherished investing axioms of the municipal bond market.

The near-disappearance of bond insurance, well-publicized financial troubles of some states and cities, as well as recent selling pressures, have increased both the risks and the complexity for individuals who want to invest in tax-exempt debt.

Feb 2, 2011

Analysis: Wall St talent aims for hedge funds as rules bite

BOSTON (Reuters) – The usual flurry of brokerage firm traders seeking to join hedge funds after the payout of annual bonuses could be more of a blizzard this year, with compensation shrinking on Wall Street and a regulatory crackdown in the offing.

Wall Street’s leading banks cut bonuses by an average of 5 percent for all employees, according to a Reuters survey conducted last month. But executive recruiters say the drop for traders was more severe, closer to 25 percent to 30 percent, because of weaker results and the expected implementation of the Volcker rule ending proprietary trading at the banks.

Feb 2, 2011

Wall St talent aims for hedge funds as rules bite

BOSTON, Feb 2 (Reuters) – The usual flurry of brokerage
firm traders seeking to join hedge funds after the payout of
annual bonuses could be more of a blizzard this year, with
compensation shrinking on Wall Street and a regulatory
crackdown in the offing.

Wall Street’s leading banks cut bonuses by an average of 5
percent for all employees, according to a Reuters survey
conducted last month. But executive recruiters say the drop for
traders was more severe, closer to 25 percent to 30 percent,
because of weaker results and the expected implementation of
the Volcker rule ending proprietary trading at the banks.

Jan 27, 2011

Asset managers face weakening flows

BOSTON (Reuters) – Several of the largest U.S. asset managers delivered stronger-than-expected quarterly earnings on Thursday, helped by rising stock markets, but weaker net sales suggested investors remain risk-averse.

While earnings for the December quarter were healthy in many ways, net sales — or flows — remain the key metric for the companies, and the figures released by Invesco Ltd, Franklin Resources and Janus Capital Group Inc showed the uncertainties facing the industry.

Jan 26, 2011

BlackRock’s iShares ventures into quant strategy ETFs

BOSTON, Jan 26 (Reuters) – BlackRock’s (BLK.N: Quote, Profile, Research, Stock Buzz) iShares
exchange-traded fund unit filed to open two quantitative equity
strategy funds, the market leader’s first foray into that type
of offering.

The planned new products, the iShares MSCI USA Minimum
Volatility Index Fund and the iShares EAFE Minimum Volatility
Index Fund, will aim to reduce losses from the stock markets’
worst periods using mathematical techniques developed by index
provider MSCI Inc (MSCI.N: Quote, Profile, Research, Stock Buzz).

Jan 26, 2011

BlackRock Q4 profit jumps 77 pct, tops Street view

BOSTON (Reuters) – BlackRock Inc’s (BLK.N: Quote, Profile, Research, Stock Buzz) profit soared 77 percent in the fourth quarter, beating all expectations, as the world’s largest asset manager benefited from increased hedge fund fees and inflows into its massive exchange-traded fund business.

With both actively and passively managed funds contributing, the behemoth with $3.6 trillion (2.3 trillion pounds) of assets under management — created when Chief Executive Laurence Fink bought Barclays’s (BARC.L: Quote, Profile, Research, Stock Buzz) investment unit for $15 billion just over a year ago — finally appears to be paying off for investors.

Jan 25, 2011

BlackRock Q4 profit jumps 77 percent

BOSTON (Reuters) – BlackRock Inc’s (BLK.N: Quote, Profile, Research) profit soared 77 percent in the fourth quarter, beating all expectations, as the world’s largest asset manager benefited from increased hedge fund fees and inflows into its massive exchange-traded fund business.

With both actively and passively managed funds contributing, the behemoth with $3.6 trillion (2.27 trillion pounds) of assets under management — created when Chief Executive Laurence Fink bought Barclays’s (BARC.L: Quote, Profile, Research) investment unit for $15 billion just over a year ago — finally appears to be paying off for investors.

Jan 25, 2011

BlackRock stops share buying to get into S&P 500

BOSTON, Jan 25 (Reuters) – BlackRock Inc (BLK.N: Quote, Profile, Research), the
world’s largest money manager, said it has stopped buying back
its shares, aiming to preserve its public float as it lays the
groundwork to be included in the Standard & Poor’s 500 index.

Acknowledging for the first time that BlackRock was aiming
to be added to the index, Chief Financial Officer Anne Marie
Petach said on Tuesday she believed all criteria had been met.

    • About Aaron

      "Boston-based reporter covering investment management and investing. Previously worked at Businessweek in Boston and at The Industry Standard and Reuters in Washington, D.C."
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