Panama Papers Prompt Race for Tax Haven Dollars Before Crackdown

Aug 24, 2016

(Bloomberg) -- For years, the biggest nations have tried to to outsmart tax dodgers and reclaim trillions of dollars stashed in off-shore accounts. Many of them are tired of waiting and now just want to make peace and bring some of the money...

It's Fundamental Why Buffett Beats the Stock Market

Aug 24, 2016

(Bloomberg View) -- Eugene Fama and Richard Thaler, two legendary finance professors at the University of Chicago, recently had a debate about whether markets are efficient. Fama was generally perceived to have gotten the better of the...

Edward Jones Decides to Plant a Flag on Brokerage Fees

Aug 23, 2016

(Bloomberg Gadfly) -- The Department of Labor rocked the brokerage world several months ago when it decreed that brokers must – horror of horrors – put their clients’ interests ahead of their own...

Hedge Fund Inroads Weaken Reinsurers’ Catastrophe Defenses

Aug 23, 2016

(Bloomberg) -- It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move...

Apollo to Pay $53 Million Over Claims It Misled Investors

Aug 23, 2016

(Bloomberg) -- Apollo Global Management LLC will pay $52.7 million to settle allegations that it made misleading disclosures about fees and didn’t prevent a senior partner from charging personal expenses to clients, becoming the latest...

Monterey Auctions Continue to Slide After 2014 Classic Car Peak

Aug 23, 2016

(Bloomberg) -- Auction values of blue-chip cars are down...

‘Hot Commodity’ Iron Ore Is Destined to Cool, Citigroup Says

Aug 23, 2016

(Bloomberg) -- Iron ore, dubbed by Citigroup Inc. as one of the hot commodities of 2016, looks set to cool off. Prices may soon sag as supply rises and steel demand fades, the bank said, adding to a chorus of forecasters who are calling time...

The Absurd Fight Over Fund Documents You Probably Don’t Read

Aug 23, 2016

(Bloomberg) -- Like many Americans, Ken Winterhalter wants the financial industry to pay for its past recklessness. His favored punishment, however, isn’t jail time for CEOs or bigger corporate fines...

Ascending Tech Dominates S&P 500 Like No Time Since Dot-Com Bust

Aug 22, 2016

(Bloomberg) -- Don’t look now, but technology companies are exerting more control over the U.S. stock market than any time since the internet bubble...

Hedge Fund Robot Outsmarts Master as AI Passes Brexit Test

Aug 22, 2016

(Bloomberg) -- Yoshinori Nomura felt like weeping. It was the morning of June 24, Brexit day, and markets were moving against him...