CHICAGO - Short of stockpiling bullion in your basement, an ETF is the most cost-effective vehicle for owning gold. But you cannot just pick any fund out of the available list of seven bullion-based funds and expect it to perfectly track the price of gold and offer the lowest expense ratio.9
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BOSTON - Tom Steyer, the billionaire founder of hedge fund Farallon Capital, is leaving the firm at the end of the year, as the money manager and philanthropist who has become more involved in Democratic politics said it is time for him to "give back."
LONDON - After scrambling to get their money out of Greece as the economy collapsed, Greeks abroad are regaining an appetite for shares and property at home, spurred on by bargain prices and a bet that their country will stay in the euro zone after all.
- One in 10 students today are pursuing higher education degrees wholly on the Web, and even more are making use of hybrid models of classroom and online coursework. Colleges and universities are rushing to meet this growing demand, offering a huge variety of online degree or certificate programs as well as single courses through free platforms such as Coursera or edX.
NEW YORK - Credit Suisse Group AG has put its $17.2 billion European exchange-traded fund business up for sale, according to sources familiar with the matter.
LONDON - Most people will find it harder to get investment advice when commission-based selling of financial services is banned in Britain next year, according to a survey published on Monday.
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