Bank of America delivers bleak mortgage stats; Galleon scandal ensnares more stocks;
The next hedge fund power: Vanguard?
There have been a lot of mutual fund companies gazing longingly at the hedge fund industry--and vice versa. There's apparently a lot of synergy between the two sides. We know this, and yet it is
BlackRock, a new-age financial cyborg?
So what is BlackRock's secret, really? We've suggested over on FierceFinanceIT that the firm's acclaimed Aladdin analytics and data engine may be one big reason. But Morningstar suggests another: its
Fund managers, better to own shares in own fund?
Morningstar has found that mutual funds whose managers have more than $1 million or more of their own money invested in their fund ranked in the 42nd performance percentile on average over five
How banks have fared since Lehman's implosion
It's been a long hard road for financial services firms in the wake of the Lehman Brothers implosion. Morningstar provides some perspective on how the industry has fared since then. Two banks have
JPMorgan bullish on investment banks; More on the new pay czar;
The future of regional banking
This is what Morningstar has to say about regional banks: "In our opinion, regional banking is very much a commodity industry. Competition is generally intense, and there are few barriers to entry,
End of an era in stock research?
What to make of the independent research movement? Whether you think it has altered the research landscape profoundly or not, it is about to morph again. Business Week reports that the "trend of
So how are 130/30 mutual funds faring?
When 130/30 started heating up several years ago, some thought the trend was a marketing home run for the mutual fund industry. It was certainly a way to ride the hedge fund wave, so to speak. The
Redemptions reflect hedge fund madness
A troubled trend in hedge fund land: Redemptions are soaring even at solid hedge funds with strong performance. Hedge funds, according to Morningstar, lost $19 billion via redemptions in November
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