Scott Burns

Druckenmiller Sees Storm Worse Than ’08 as Seniors Steal

Stan Druckenmiller, one of the best- performing hedge fund managers of the past three decades, has a warning for the youth of America: Don’t let your grandparents steal your money.

BlackRock’s IShares Targets Main Street

BlackRock Inc., the world’s largest money manager, became a Wall Street behemoth by serving institutional clients. Now it’s devoting more of its time to individual investors.

High-Speed Fiber, OCC to Clear S&P Options, German Bank Levies: Compliance

European telecommunications operators such as France Telecom SA and Deutsche Telekom AG will be able to make “attractive profits” under proposed rules for third-party access to their high-speed fiber networks, the European Commission said.

Gross: Pimco’s Active ETF For Small Investors

Pacific Investment Management Co. opened an exchange-traded version of its Pimco Total Return Fund, betting that star manager Bill Gross can kick-start investor demand for actively run ETFs.

Life on Earth May Owe Its Existence to Black Holes

The behavior of black holes in the universe could very well be connected to the origins of life. It sounds outrageous, but not when you look carefully at the chain of phenomena that we think go into making stars, planets and living things.

Vanguard to Challenge BlackRock's IShares in Europe's Growing ETF Market

Vanguard Group Inc., the world’s biggest mutual-fund company, plans to start selling exchange- traded funds in Europe this year, betting that the passive, low- cost style of investing that has changed asset management in the U.S. will do the same abroad.

Bill Miller Loses Market Share as ETF Allocators Reroute Clients

Stephen Cucchiaro is the type of money manager who makes life difficult for Bill Miller .

Japan ETF Loss Trails MSCI Index as U.S. Traders See Rebound

Trading in an exchange-traded fund linked to Japanese stocks shows investors expect shares in the world’s third-largest economy to rebound when trading resumes.

Rogue Bank or Regulator in Standard Chartered Case?

New York’s top financial regulator, Benjamin Lawsky, wiped more than $9 billion, or about 16 percent, off the market value of the U.K.’s Standard Chartered Plc this week. We have some questions.

Economists Risk Labeling as Political Hacks

Some 500 of my colleagues in economics, almost all academics, have signed a statement applauding former Governor Mitt Romney’s economic plan and condemning President Barack Obama’s handling of the economy. The statement amounts to an endorsement of Romney’s presidential candidacy. As such, it represents a disservice to the economics profession as well as to the statement’s signatories, five of whom are Nobel laureates.

"The industry is looking for ways to reverse that trend, and one of the ways is by lowering the fees and lowering the hurdle rate."

- Scott Burns on Mar 01, 2012

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Israel to Halt Weapons Flow to Hezbollah, Analyst Says

Berkshire Cash Hits Record $49.1 Billion as Profit Climbs

Kobe Bryant Sued Over Bid to Block Mom’s Memorabilia Sale

U.S. Stocks Climb to Record as Jobs Growth Tops Forecasts

Fusion Scientists See Progress as Obama Shows No Ardor