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Smart Money Going to War With VIX-Obsessed Stock Market Bears

Since December, almost $90 billion has been withdrawn from mutual and ETFs, exceeding outflows from all but one year at this point of time in data going back to 1984.

Pimco at Odds With Goldman on Yellen as September Rate Bets Rise

Federal Reserve Chair Janet Yellen’s speech Friday was hawkish enough for Goldman Sachs to boost the odds of a September interest-rate increase, while Pimco said there was nothing of note in her remarks.

Muni-Bond Investors Love Fund Managers Even When They Fall Short

"Most people think, ‘I want a manager who's doing credit research, adjusting for duration, looking for blowups," says BlackRock fixed income strategist Karen Schenone.

Herbalife Falls After Ackman Says Icahn Tried to Sell Stake

Hedge fund manager Bill Ackman maintained his bet against Herbalife even after the company reached a $200 million settlement with the U.S. Federal Trade Commission.

Gold Believers From Soros to UBS Lose Faith in Miners’ Gain

After a five-year slump marked by mine closures and losses, gold producers are now worth twice what they were in 2015.

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