Morgan Stanley (NYSE:MS)'s second-quarter net income rose 66%, beating analyst estimates, as the investment bank bounced back from a slump in trading revenue a year earlier. Revenues rose 22% to... read more

Are value returns higher when the value spread is large? If so, what happens at these times? Do value returns reflect rational compensation for risk, behavioral over-reaction, or pure... read more

China launched a three-month campaign to crack down underground banking across the country to prevent money laundering and illegal capital outflows. The Chinese government made the decision following a stock... read more

Outside of political considerations with Russia and Greece, Federal Reserve interest rate policy is probably the most talked of issue on the minds of investors today. The debate about was... read more

The odyssey of finance miscreant Jacob Wohl has finally led to felony fraud charges for the 21-year-old and his Montgomery Assets partner, Matthew Johnson. Q2 hedge fund letters, conference, scoops... read more

After years of underperforming, active managers made a comeback in 2017. Following a terrible 2016, when just 26% of active mutual fund managers beat their benchmarks, in 2017 43%... read more

The pension crisis has been capturing headlines for years, but there's another layer to the pension issue that's starting to draw attention to itself. Public pension funds have shown... read more

Citi thinks people should go long everywhere, which guarantees that someone is going to be disappointed. The most recent volume of Citi’s Global Equity Quarterly predicts global EPS growth... read more

Not a week goes by without an article claiming that passive investment funds have had their time in the sun, and there will soon be a renewed spike in... read more

Thanks to new regulatory and legislative requirements, the volume and complexity of reporting have impacted the entire asset management industry, particularly for fund of funds, notes PwC. In its report... read more