Wealth Management
Top stories summarized by our editors
6/25/2018

In light of survey results about behavior toward women in the hedge fund industry, AIMA's Jack Inglis said the sector has had "a rapid awakening" that women-friendly policies are necessary.

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Jack Inglis
6/25/2018

Hedge funds' positions in oil held mostly steady ahead of a meeting at which the Organization of the Petroleum Exporting Countries decided to boost output by less than the expected 1 million barrels per day. Fund managers are still "overwhelmingly bullish about the outlook for oil prices later in 2018," John Kemp writes.

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OPEC, Jack Kemp
6/25/2018

Hong Kong and China are among the emerging markets facing the greatest risk of financial crisis or a steep decline in domestic demand within three years, according to a research note from Nomura Singapore. "The results continue to show that EM countries are considerably more vulnerable than [developed-market] countries to credit and financial stress," Nomura's Rob Subbaraman and Michael Loo wrote.

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Nomura, Rob Subbaraman
6/25/2018

Member of Parliament John Glen said at a hedge fund industry event that the British financial-services sector will be a priority as Brexit talks move forward. "Your industry is living proof that markets never disappoint. They always grow and they always innovate," he said.

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EuroHedge (London)
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John Glen, Brexit
6/25/2018

Hedge funds in South Korea now represent an $18 billion market, twice the level they had reached in May 2017, according to the Korea Financial Investment Association. The country's Financial Services Commission gave approval for hedge funds in December 2011.

6/25/2018

Elizabeth MacGowan, a vice president at National Life Group, told the ERISA Advisory Council that 401(k) plans should be allowed to offer indexed annuities as qualified default investment alternative options. Current regulations bar employers from using several kinds of annuities, including indexed annuities, which offer protections from downturns and opportunities for growth, she said.

6/25/2018

The LGBTQ community is the "ideal client base" for financial advisors, says T. Rowe Price's Paul Zettl, noting that the community is growing, has financial stability and has taken the initiative to begin investing on their own. A report from T. Rowe Price found the LGBTQ community has an estimated $917 billion of buying power.

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T. Rowe Price
6/22/2018

Financial planners should focus on annual estimates rather than lifetime projections when discussing retirement health care costs with their clients, Vanguard says. Lifetime projections are "distracting" and "demotivating," the investment-management company says.

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Vanguard, Vanguard
6/22/2018

Securities and Exchange Commission Chairman Jay Clayton testified before the House Financial Services Committee about the agency's proposed Regulation Best Interest. During the hearing, he addressed concerns about the proposal, as well as the timeline for the process, mentioning he would decide about extending the Aug. 7 comment deadline "in August."

6/22/2018

Financial advisors may be able to take a cue from shoe stores, which have evolved their offerings to meet the demand of socially and environmentally conscious young shoppers, writes April Rudin of The Rudin Group. Young advisory-firm clients "want more socially responsible investing options, better technology and the ability to save time," she writes.

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April Rudin