Older workers looking to remain in the workplace can face a number of obstacles, especially older women, says author and economics professor Teresa Ghilarducci. As a result, they need to take more initiative and actively seek out training and new opportunities, while taking steps to avoid age discrimination and the heightened risk of being laid off, she says.
Gross exposure among quantitative hedge funds on Credit Suisse's prime services platform has declined by about 10% over the past two months, halting an 18-month trend of purchasing equities. Factors such as growth, momentum and value are showing greater dispersion, and volatility as "below-the-surface dynamics" indicate market stress, said Mark Connors of Credit Suisse.
AIMA CEO Jack Inglis, recognizing HFM Week's 500th edition, looks back at how the hedge fund industry has experienced major changes in regulations, growth and technology since 2004. "The industry has never been more institutionalised in terms of its operational infrastructure, more professionalised in terms of its sales, marketing and [investor relations] functions, or more aligned with the interests of its continually expanding investor base," he writes.
The European alternative investments industry's €1.48 trillion in September was a record high, Amundi and Preqin say in a report. EU-based hedge funds' 2017 inflows totaled €27 billion among 52% of market participants, the report says.
Stocks pitched by hedge fund managers tend to perform more strongly than the overall market both before and after being announced at conferences, as "long pitches spike up and short pitches spike down," according to a study by Harvard University doctoral student Patrick Luo. "These results suggest that these investment conferences are closely followed by other investors and have high market impacts," Luo wrote in the study.
A recent Allianz study shows investors are more accepting of market volatility but also still very concerned about a market downturn and seeking protection. Allianz's Paul Kelash said the desire for opportunity and protection may have helped spur the recent success of index-linked annuities.
The insurance industry will see benefits from rising interest rates, including increased payouts on immediate annuities and minimum guaranteed rates on fixed indexed annuities, and "higher crediting rates on traditional fixed annuities, CD-type fixed annuities and multi-year guaranteed annuities," says Frank O'Connor, vice president of research at the Insured Retirement Institute. The Federal Reserve on Wednesday increased the benchmark federal funds rate a quarter of a percentage point to a range of 1.75% to 2%.
The Department of Labor did not pursue an appeal of the decision to vacate the fiduciary rule with the Supreme Court on Wednesday, which was the deadline to do so. The Securities and Exchange Commission is still taking public comment on its Best Interest Regulation standard until Aug. 7.