Having been given the option, the vast majority of investors in storied hedge fund Cerberus Capital Management have opted to liquidate their holdings, rather than roll over their investments to a new Cerberus fund. The development is a blow to fund manager Stephen Feinberg, and on a higher level, to the hedge fund industry as a whole. Cerberus, once one of the stars of the hedge fund industry, has seen its reputation tarnished by a series of bad investments, including Chrysler LLC and GMAC LLC. [click to continue…]
U.S. and global equity markets have enjoyed a months-long rally from their March lows, fueled by improving macroeconomic conditions, surprisingly healthy corporate earnings, and renewed consumer confidence. Following this tremendous rally, we are beginning to see indications that the market rally is running out of steam, as many sophisticated investors are beginning to pull out [...]
Leveraged ETFs have taken a beating in the financial presses lately, mostly the result of misconceptions about the intended uses and users of these funds. Most of the criticism has focused on the performance of leveraged ETFs when held for multiple trading sessions. Because leveraged ETFs seek to amplify the return on their underlying benchmarks [...]
It’s been an exciting week in the world of ETFs: a mini bull market continues on Wall Street, and some key executives shared their thoughts on the future of the ETF industry. Here are the ETF Database staff picks of the week’s most important and interesting stories from around the Web:
Over the next 48 hours, a world superpower, home to one of the largest global economies, will head to the polls, with all indications that the Democratic Party, running a campaign promising thorough overhauls (as evidenced by the campaign slogan “Change”), will score a resounding victory and wrestle power from the long-ruling party. Sound familiar?
It must be one of the oldest arguments in the history of mankind: who’s number one? Last year, we received regular updates on the status of the ongoing battle between General Motors and Toyota for the global sales crown (and more recently for the Cash For Clunkers crown). At present, this question is causing a [...]
President Obama is determined to establish the U.S. as “the world’s leading exporter of renewable energy,” but it seems that he may face some stiff competition from a familiar source. According to a recent article in the New York Times, China has established itself as the early leader in the race to become the dominant [...]
Platinum is one of the world’s most precious metals, and for good reason. This beautiful, gray-white metal is highly sought after for use in jewelry, and is also very important for many industrial processes, particularly in the transportation industry. While the multiple uses of platinum create a relatively solid price floor for the metal, platinum [...]
As the ETF industry has expanded in recent years, a significant percentage of the expansion has come from equity ETFs embracing new regions and investment styles and from commodity funds offering small investors exposure to resources that were previously available only to the ultra-rich (although position limits are threatening to restrict access to numerous commodity [...]
As equity markets continue to surge and developed economies around the world begin showing signs of stability, many thought that huge inflows into gold ETFs that have occurred over the last year would begin to reverse. Think again.
Yesterday, in part one of our exclusive interview, Christian Magoon, President and Senior Managing Director at Claymore Securities shared his thoughts on some of Claymore’s more popular and innovative ETF products. Today, he discusses the recently announced merger between Claymore and Guggenheim, and makes some interesting predictions about what the future holds for the ETF industry.