The warning is posted in fine print at the bottom of all mutual fund advertisements: "Past performance does not guarantee future results." The U.S. Securities and Exchange Commission requires it.

Americans are becoming far more comfortable with (or reliant upon) higher levels of debt.

(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...

(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...

This is the third in a series from BlackRock on exchange traded funds.

(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...

Alternative funds may be more prone to performance chasing. Does a fund-of-funds approach work better?