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Roughly 45% of Berkshire’s stock portfolio is allocated to the financial sector, and eight of the portfolio’s top 12 holdings are financial stocks — a deeply contrarian bet.August 27
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UBS Global Wealth Management, which oversees more than $2.48 trillion in invested assets, has gone underweight on equities for the first time since the euro-zone crisis.August 26
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The firm added an experienced advisor from Wells Fargo after recruiting 72 other tenured reps in the second quarter.August 21
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Anticipation of a prolonged U.S.-China conflict is mounting, and “it’s possible that a currency war will start as well,” an executive says.August 5
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The famed investor recommends 90% large-cap U.S. stock and 10% short-term government bonds. Is it a crazy idea?April 3
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Home to more than $249 billion, these funds have expense ratios more than 20 basis points higher than the industry average.March 13
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Although it undercuts 2,000 existing U.S. products, some analysts say the price still isn’t low enough.March 11
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“These products are really focusing on who’s driving advances in innovation,” the global head of its asset management arm says.March 7
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A member-owned market is the wrong response to rising fees.January 8
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By sending orders to an exchange they own, banks and brokers presumably can save money on trading costs.January 7
