Despite bad press, virtual currencies offer opportunities
Regulatory proposals calling for a new summary document, called a Fund Facts, predictably set off alarms in the industry. It wasn’t that the Fund Facts document was so objectionable. What raised hackles is the requirement to deliver it to investors at or before entering into any binding agreement to purchase mutual funds. The idea has […]
Money managers direct business, or order flow, on behalf of client portfolios to brokers and dealers who effect the transactions in the appropriate marketplaces. And the fees or brokerage commissions charged often exceed what’s needed to cover the cost of straight execution. This excess can be used by money managers to obtain goods and services […]
In the world of money, hard is generally superior to the alternative. Hard currency can be relied upon to retain its value. Hard loans, including sovereign debt, are payable in hard currency, like US dollars or Euros. Hard stands for reliability, widely agreed-upon value and effortless convertibility. Soft, on the other hand connotes less predictability […]