‘Just buy somebody’: Private markets push will fail without deals, says LCM boss

The chief executive of Brookfield-backed alternatives firm LCM Partners says asset managers pushing into private markets will fail without making acquisitions, arguing they are the only route to the expertise needed to be successful. “Just buy somebody, because you’re not known for this,” said Paul Burdell, who set up LCM Partners in 1998. Financial News. … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

In Today’s Market, Poor Performance Still Pays

In a perfect world, public companies would compensate their executives commensurate with the creation of long-term shareholder value. Last year, the median compensation for US chief executives reached a record high for the sixth consecutive year, The Wall Street Journal reported earlier this month. While most pay packages are bolstered by restricted stock units that … Read more

Why stock-market investors are ‘nervous’ that an earnings recession may be looming

Investors are anxious the stock market may be facing an earnings recession, potentially leading to deeper losses after the S&P 500 index just suffered its worst week since March 2020. “It’s pretty clear that earnings estimates are probably going to come down after rising since the first of the year,” said Bob Doll, chief investment … Read more

Markets Won’t Sink Forever. Asset Manager Stocks Are a Cheap Play on a Rebound.

Asset-management stocks have been hit hard this year in the market selloff, with some down 35% to 45%, almost double the decline in the S&P 500 index. No industry is more directly tied to stock and bond markets, and a bear market depresses assets under management, revenue, and earnings. Profit estimates for 2022 lately have … Read more

Weekend reads: Your guide to bear markets for stocks, crypto and, soon, housing

The S&P 500 index plunged 23.6% from its closing high on Jan. 4 through June 16. The damage has been broad – on June 16, 97% of stocks in the benchmark index were down, with more than a third dropping at least 5%. A bear market is no fun to wait through, but the US … Read more

Opinion: ‘The stock market is not going to zero’: How this individual investor with 70 years of experience is trading the bear market

Not many investors can claim a lifetime of stock-market success. Warren Buffett of Berkshire Hathaway BRK.A, + 0.75% BRK.B, + 0.46% comes to mind, of course, but what about Warren Kaplan? Who? Kaplan is an 85-year-old individual investor with 70 years of stock-trading experience. Kaplan grew up in a poor family in the Bronx, NY, … Read more

Bear-Market Tips for Retirees: Stay Invested. Buy Dividend Stocks. Bank Online.

With US stock markets falling into bear territory, investors should stay invested and not try to time the market. Johannes Eisele / AFP via Getty Images Text size Will the bear market inflict a bigger bite on retirees than younger investors? Not necessarily, experts say, as the duration of the average bear market is measured … Read more

Opinion: ‘Liquidation panic’ has taken over the stock, bond and crypto markets – and this may be the beginning of the end

The US stock market is experiencing a liquidation panic where everything is getting sold. The good news is such panics usually don’t last long. Analysis from Rob Hanna of Quantifiable Edges suggests a rare Inverse Zweig Breadth Thrust (ZBT). Although the sample size is small (n = 10 since 1926), the bearish implications of the … Read more