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Money Management Executive

Bond Market Anxieties Divide Wall Street on Fed’s Next Move

– Three-quarters of economist surveyed by Bloomberg in August say the Fed will lift the upper bound of its target rate to 0.5 % at its Sept. 16-17 meeting.

Retirement Confidence Drops

– "Many expect to continue working in retirement,” says Catherine Collinson, president of the Transamerica Center for Retirement Studies.

Liquid Alt Funds Drive $360M to Fund Manager

– The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last month through Aug. 28 as bets against commodities and currencies paid off.

BNY Mellon Says Prices Updated Through Friday After Breakdown

– Bank of New York Mellon, which has been plagued for the past week with computer problems that prevented it from providing prices for mutual funds and ETFs, said today it has provided net asset values for both through Friday.

30-Minute VIX Frenzy Exposes Obsession With Volatility Hedging

– For almost 30 minutes as hundreds of billions of dollars were erased from equities, no signals were sent by the world’s most popular sentiment gauge as options prices turned erratic. When it switched on, the VIX jerked higher faster than anyone had ever seen, rising 82% on its first tick to 51, a level not reached since the financial crisis.

Haywire ETFs Draw Regulator and Investor Scrutiny After Crash

– Investment managers facing tough questions from regulators over what caused trading disruptions for hundreds of exchange-traded funds this week said they got hit by a double whammy.

BNY Mellon Tech Issues Continue to Dog Funds

– The glitch's impact is widespread. Prudential, for instance, says 40 of its more than 60 funds were affected.

Fidelity Says Deflation Risks Will Slow Fed, Buy Quality Bonds

– Mutual fund giant Fidelity Investments is warning deflationary pressures in the U.S. are building.

BlackRock Jumps Into Robo Market

– BlackRock said it is acquiring digital wealth management firm FutureAdvisor, joining the ever more crowded ranks of robo advisors.

Stocks Fall Most in 4 Years as China Dread Sinks Global Markets

– Turbulence in financial markets gathered momentum amid intensifying concern over slowing global growth, pushing the Dow Jones Industrial Average into a correction and giving other stock gauges their worst losses since 2011.

Commodity Hedge Funds Lose Most in Three Years as Rout Deepens

– Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened.

Traders Sound Policy-Error Alarm as Inflation Outlook Dives

– The bond market is sending a warning to the Federal Reserve: a false step could leave the U.S. bogged down in a disinflationary quagmire well into the next decade.

Hedge Fund Managers Demand for Data: Creating Portal Applications

– Access to information and data is important, but having visibility into the timing of key daily, monthly, and yearly deliverables is a greater benefit.

Deutsche Bank Said to Weigh Biggest Overhaul Since Ackermann Era

– Deutsche Bank co-CEO John Cryan is considering the biggest overhaul of the lender’s management structure in more than a decade.

Alibaba Arm’s ‘Fortune’ App Helps Rookie Chinese Buy Funds

– Alibaba’s finance affiliate unveiled a wealth management app to help less well-heeled Chinese buy into hundreds of funds and track stocks from Hong Kong to the Nasdaq off their smartphones.