Industry News
Wealth Management
Top stories summarized by our editors
10/21/2020

A company seeking to become a Disadvantaged Business Enterprise must have certification in its home state before applying for the DBE designation in other states, an attorney writes. "Having certification in one state does not guarantee certification in another state -- the reciprocity is not automatic," she writes.

10/21/2020

Deloitte has highlighted key trends in construction and engineering, with modular construction and drones among those leading the way. Other trends to watch include 3D printing, artificial intelligence, big data and building information modeling.

10/20/2020

Financial advisors should help women address the possibility of outliving a male spouse, Mary Beth Franklin writes. She suggests using personalized data and actuarial longevity projections to help plan for health care costs.

10/20/2020

Medicare's fall open enrollment has begun, and those wishing to make changes should do so before it ends on Dec. 7. Generally, it's best to look for potential cost-effective options and check for changes to your costs for next year, says Danielle Roberts of insurance firm Boomer Benefits.

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CNBC
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Sarah O'Brien
10/19/2020

Smaller hedge funds who manage assets totalling less than $100 million have outperformed their larger rivals by a wide margin this year, research from PivotalPath shows. Average returns at the smaller funds stood at 10.6% at the end of August against 1.3% achieved by larger funds.

10/19/2020

Private-equity managers are eyeing firms that put digital technology at the heart of their business model so they have more chance of a successful future sale. With the pace of digitisation increasing as a result of the global pandemic, technology might evolve into less of a sector in its own right and more of a "differentiator" between individual businesses, says one senior industry figure.

10/19/2020

Hedge fund short positions have increased against companies whose businesses prospered as a result of coronavirus lockdowns, with fund managers now predicting the earlier advantage will fade for such entities.

10/19/2020

The London Stock Exchange Group says it is prepared to offer trading of European Economic Area securities on its Dutch platform, a multilateral trading facility run by Turquoise Global Holdings Europe, if the UK and EU do not strike an equivalence agreement to allow cross-border services. Turquoise will trial this no-deal Brexit contingency plan on Nov. 7, with all LSEG members required to participate.

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The Trade (UK)
10/19/2020

Institutional investors such as pension funds have been poured trillions of dollars into alternative asset classes but their performance is now being called into question, writes Jonathan Ford.

10/19/2020

Negotiations between the UK and the EU over the relationship between the two after the post-Brexit transition agreement expires are expected to resume in a few days, a senior EU diplomat said. Speaking for the UK government, Michael Gove said the door to an agreement remains ajar.

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The Guardian (London)