When a manager gets knocked off one managed account program, does this mean that all the dominoes are about to fall? Yes, but they probably would have anyway.
Separately managed accounts represent a good way for asset managers to increase throughput. But be careful what you wish for. Those assets may come flying in the door, but so do the questions about how well they are being managed.
Think the markets are rational? Think again. The burgeoning field of behavioral finance is debunking several myths about how investors behave and what this means for equities.
In the early summber of 2003, investors were seeing something they hadn’t for a very long time: stock market gains. Changes in the tax laws regarding capital gains, and a desire not to repeat the past leads to that most uncommon of Wall Street cries: Se