Hedge fund manager Paul Greenwood of North Salem, N.Y., may spend the rest of his life in prison for ripping off institutional investors of at least $331 million over 13 years. Greenwood faces the hard time without the consolation of his stuffed...
In recent years, the price to earnings multiple for emerging markets has swollen to 15—near the level of the developed world. But some fund managers argue emerging markets deserve still higher valuations.
While bonds may not tank tomorrow, it does seem likely that stock markets will eventually recover at least some of their old gusto. To prepare for the day when the pendulum swings, consider buying fund categories that are suffering outflows.
With money pouring into index funds and ETFs, passive portfolios are distorting share prices.
