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The tale of two gold funds

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

The rich bail out of changing hedge fund industry

LONDON - Rich private investors are turning their backs on hedge funds because moves to attract more conservative pension fund clients mean managers no longer deliver the big returns they crave.

Cost of UK investment advice to rise after reform: survey

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.

Calpers threatens San Bernardino over pension debt

- In the opening skirmish of a battle over how local governments deal with soaring pension costs, America's largest public employee retirement system made clear on Friday it would not tolerate a city deciding to miss a payment.

Double the trouble when divorced parents get old

NEW YORK - Devin Pope never expected to find himself shuttling between his mother's and father's homes, caring for his aging parents separately.

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