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More Wealth News

Risk of pension meltdown grows due to inaction by U.S. Congress

老虎机技术打法The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.

How risky ETFs won the decade - and why they might not repeat that performance

Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some cases neared 2,000%, despite warnings that they are not suitable for most investors.

Activist hedge fund Marcato Capital to shut down after drop in assets

Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday.

U.S. retirement legislation aims to improve workplace saving, income options

老虎机技术打法 (The opinions expressed here are those of the author, a columnist for Reuters.)

D.E. Shaw's Orienteer strategy posts double-digit returns this year

D.E. Shaw's Orienteer platform, the backbone of the $50 billion investment firm's multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime.

SEC proposes allowing more investors access to private companies

The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.

Fund investors pull back from U.S. stocks as year-end nears

老虎机技术打法U.S. fund investors started closing the books on 2019 by withdrawing more than $10.9 billion from mutual funds and exchange-traded funds that hold domestic stocks last week, the largest pullback since early October, according to Investment Company Institute data released on Wednesday.

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Life Lessons

Local hero: Florida hotelier Harris Rosen keeps his giving close to home

Harris Rosen has a chain of eight hotels bearing his name in the Orlando area, but he makes most of his headlines these days for giving away his fortune.

A Model Life: Life Lessons with Brooke Shields

Saving the world is on Sue Desmond-Hellmann's to-do list