William Sharpe News
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The smarter you are, the more stock you probably own, according to researchers who say they found a direct link between IQ and equity market participation.
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Nassim Nicholas Taleb , author of “The Black Swan,” said investors who lost money in the financial crisis should sue the Swedish Central Bank for awarding the Nobel Prize to economists whose theories he said brought down the global economy.
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Goldman Sachs Group Inc. , accused by the U.S. government of defrauding investors, is generating better returns for companies and buyers of initial public offerings than any other Wall Street firm.
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The skunk works at IShares’ headquarters in San Francisco is buzzing. Researchers in the development lab pore over data flashing across computer screens while colleagues refill their mugs at the coffee bar and huddle in conference rooms illuminated by translucent blue partitions.
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Exchange-traded funds--many stuffed with exotic derivatives--are shaking up the mutual fundindustry. Regulators want to make sure they don’t become the next financial time bomb.
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By Edward Robinson July, 2010 (Bloomberg Markets) -- Exchange-traded funds--many stuffed with exotic derivatives--are shaking up the mutual fundindustry. Regulators want to make sure they don’t become the next financial time bomb. The skunk works at IShares’ headquarters in San Francisco is buzzing. Researchers in the development lab pore over data flashing across computer screens while colleagues refill their mugs at the coffee bar and huddle in conference rooms illuminated by translucent blue partitions. These brainiacs, who create the exchange-traded funds that have made the BlackRock Inc. unit the kingpin of the global ETF market, took a radical departure in November from the index trackers IShares has churned out for a decade. They released a hedge fund in a box. The IShares Diversified Alternatives Trust ETF packs the complex bets favored by hedge fund managers into one security.
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Automatic enrollments in U.S. employer-sponsored 401(k) plans are helping younger workers save enough for retirement, according to Financial Engines Inc.
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Blake Grossman , the former chief executive officer of Barclays Global Investors, plans to depart one year after BlackRock Inc. completed the acquisition of BGI, to take time off before resuming a career in the financial industry.
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Tesla Motors Inc. , the electric-car company that hasn’t posted a profit, rallied 41 percent after raising $226 million in the first initial public offering of a U.S. automaker in a half century.
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The two parties are having a heated debate over the Republican plan to slice $61 billion off Uncle Sam’s projected $3.6 trillion budget. If the Republicans get their way, the deficit will fall from 9.5 percent of gross domestic product to 9.1 percent. If they don’t, they’ll probably shut the government for a couple of days. Then they’ll compromise on, say, a $40 billion budget cut, having proved they gave it their best shot.
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