Wednesday, 1 October 2014
Last updated 11 hours ago
Oct 9 2013 | 10:12am ET
Investors are flocking to a new kind of exchange-traded note that offers access to master-limited partnerships, but with less of a tax bite.
MLP exchange-traded products have taken in $9.6 billion in new money this year, more than they took in all of last year, Morningstar reports. Much of the attraction can be traced to so-called "second-generation" MLP ETFs that offers less of a tax liability than MLPs, which invest in energy assets, generally feature.
The second-generation products avoid the tax hit by not actually owning most of the MLPs they track, The Wall Street Journal reports. If the products keep their MLP ownership to below 25%, they do not carry corporate tax rates.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...