Wealth Management
Top stories summarized by our editors
9/25/2017

A Preqin survey of 108 investors in June found that 45% said hedge fund portfolios are meeting or surpassing the investors' expected returns, compared with 21% who reported the same in June 2016. The more recent survey, however, also found that 49% of respondents said they expect to lower their allocations in the year ahead.

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hedge funds
9/25/2017

Eurekahedge's preliminary data for August show hedge funds maintaining upward momentum after July's performance-based gains of $16.5 billion and net asset inflows of $11.6 billion. Meanwhile, eVestment says hedge funds' assets under management increased to more than $3.2 trillion by the end of August.

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ValueWalk, Funds Europe
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hedge funds, Eurekahedge, eVestment
9/25/2017

The Commodity Futures Trading Commission showed leveraged funds' net short position on US dollar index futures reached their highest level in nearly a year for the week that ended Tuesday.

9/25/2017

The UK government says it plans to create financial-services rules independent of the EU's in hopes of giving Britain a competitive edge after Brexit.

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EU
9/25/2017

A working group of the UK's Financial Conduct Authority said it plans to review hedge funds and private equity firms as it seeks to enforce stricter cost-disclosure requirements. The working group aims to conclude its investigations by July.

9/25/2017

No updates on the Financial Stability Oversight Council's inquiry into hedge fund activities, launched in 2014, have arrived in the past eight months, writes economic adviser Gregg Gelzinis of the Center for American Progress. Treasury Secretary Steven Mnuchin should "affirm the necessity of the hedge fund working group" during the next FSOC meeting, because "[t]his inquiry is too important to be shut off or hidden from public view," Gelzinis writes.

9/25/2017

Now that enforcement of the Labor Department's new fiduciary rule has been postponed, the Insured Retirement Institute is looking forward to working with federal regulators to come up with a uniform fiduciary standard, said Cathy Weatherford, president and CEO of the Insured Retirement Institute. "We want a uniform best interest standard of care that services the best interest of the consumer and keeps the market intact and keeps people's access to advice," she said.

9/25/2017

The debate surrounding the Labor Department's new fiduciary rule has annuity providers looking to the future of their industry and bringing a growing list of annuity products to the market, said Cathy Weatherford, president and CEO of the Insured Retirement Institute. "It's been difficult as companies try to figure out how to operate in this new environment, but it's been good for companies to look into themselves, take a deep dive and see what the future of their business looks like," she said.

9/25/2017

The vast majority of Americans are interested in arranging guaranteed lifetime income to carry them through retirement but don't know annuities can give them that secure income, according to a report from the Insured Retirement Institute and Jackson National Life. "This is a clear opportunity for financial professionals to educate consumers - a significant barrier to more consumers using annuities to secure lifetime income in retirement may simply be that they do not fully understand the product!" the report said.

9/25/2017

More than 6 in 10 millennials say they're generally happy, although a majority express some concern about their financial situation. That's according to a Wells Fargo survey that also found many of those age 20 to 36 rely on financial support from relatives, friends or their spouse, and are struggling with debt and health care payments.

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Wells Fargo