An astounding 40 percent of Americans said the financial crisis had no impact on their life, according to a recent survey by Hartford Funds. Still, 46 percent altered their spending and savings habits since the crisis and 42 percent have avoided the stock market altogether. ...
Hedge Funds Hit All-Time AUM High Market performance led to another all-time high in assets under management at hedge funds in October, despite redemptions during the month. Year-to-date, hedge funds have taken in a net new $33.3 billion. That new money, and market performance, more than made up for the relatively small $2.9 billion in net outflows during the month of October. ...
Goldman: Brick-and-Mortar Gets Relief Two weeks after the launch of an ETF betting on the decline of retailers reliant on brick-and-mortar sales revenue, those same retailers posted a good start to the holiday season. The Thanksgiving holiday weekend—the first of the holiday season—brought some relief to brick-and-mortar retailers, according to Matt Fassler, the business unit leader of Goldman Sachs U.S. Consumer/Retail Research. ...
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