Justin Frankel is a good friend of mine and he’s a New York City-based portfolio manager at RiverPark. In response to my post this week about “liquid alternatives”, he put the following up at his Tumblr and I asked him if I could run it here. Because we’ve lost track of which one of us…

Investors are back to doing what they do best this month – running after the thing that’s getting away from them, regardless of whether or not it’s in their best economic interest to do so. Here’s Yuriy Shchuchinov from Bank of America Merrill Lynch’s Credit Strategy team: As interest rates continue to decline, mutual fund and…

This just in via SF Gate: A longtime Bay Area broker who resigned from Wells Fargo Advisors in January after it launched an investigation into suspicious activity in a customer account has been barred from the brokerage industry for life… But investors and an attorney representing them allege that Frew, 66, solicited millions of dollars from…

Okay can we be honest for a second? The similarities between now and the pre-crisis era are fucking sickening at this point. There, I said it. Now read this: Charlie Bilello takes a time machine back to May of 2007 – the charts are all you need to see.  (PensionPartners) and this: “The most notable…

If you’re in the New York City area and would like to have your copy of Clash of the Financial Pundits signed by Jeff and I, make your way over to the Jacob Javits Convention Center on West 34th Street this afternoon! We’ll be signing books from 2pm to 3pm and copies will be available at…

Video

Today we’re going to talk about the boom in hedge fund-like mutual funds and the difference between brokers and advisors. I once looked at a “liquid alternative fund” from Natixis – liquid alts are products that purport to offer hedge fund strategies in a ’40 Act mutual fund wrapper – and I couldn’t understand a…