funds

Because I think this development is so important, I'm running the Financial Time's article that appeared today. I think that many funds will be copying Paulson on gold -- Russell. Funds run by the company now have more than a tenth of their assets in gold, a person familiar with its investments said.

The fact that the dollar keeps stumbling, and also, more importantly, that there are concerns about the long-term impact of quantitative easing and a general commodities rally, all paint a picture that is pretty supportive of gold prices   -James Steel

 

The Mutual Fund Show® is the first nationally syndicated radio program to offer independent and objective investment advice focused primarily on mutual funds. Hosted by Adam Bold, The Mutual Fund Show® is heard every weekend across the country. As host, Bold provides insight on mutual funds, annuities, 401(k) plans, Individual Retirement Accounts (IRAs), and Exchange Traded Funds (ETFs), and features interviews with special guests from the financial industry.  

Nicola Horlick's career as a traditional City fund manager was in effect over last night after her company sold its main management contract to Martin Gilbert's Aberdeen Asset Management for just under £5 million. Bramdean Asset Management, founded two years ago by Ms Horlick, sold the contract to manage £175 million of assets on behalf of Bramdean Alternatives, a listed vehicle that was at the centre of a shareholder coup earlier this year. It is understood that Aberdeen paid Bramdean, 100 per cent o  

The UNC endowment suffered losses totaling $441 million in fiscal year 2009 in what officials described as one of the worst years on record for university endowments. Jon King, president and CEO of UNC Management Co., which oversees the endowment, told trustees earlier this week that a 19.6 percent loss reduced the value of UNC's $2.2 billion endowment to $1.78 billion between July 2008 and July 2009. "That's a painful, significant loss and something we're going to be dealing with for a while," King s

That’s a painful, significant loss and something we’re going to be dealing with for a while   -Jon King

 

Some investors pay for advice they never get. Sam in Boston built his mutual-fund portfolio years ago but has long since stopped working with the financial adviser who set it up. Renee in Santa Barbara, Calif., hasn't worked with an adviser for years, since hers retired.  

It may seem generous or even magnanimous that Anderson firefighters are willing to give up $890,000 in ambulance user fees (the city projects $1.05 million will be collected in 2010) to help balance the city's budget. But the question persists: Why is it the firefighters' money in the first place? Wouldn't it make more sense for the money always to go into the city's general fund, so that council could decide to use it as needed?  

When selecting funds, investors have several clear choices to make. Index-tracking or active management? Developed or emerging markets?  

Interest earnings are the third largest source of income for the county's all-purpose general fund, and the money is frequently used to bolster other programs that need a cash boost. State auditors could forward information about the county's conduct to the state Attorney General's Office, but have signaled they likely won't do that. Auditor spokeswoman Mindy Chambers has said in the past that the issue is one of accountability, and that the county could open itself up to lawsuits if people are concer

At some point we just have to say, we understand you disagree with us, we believe it's the correct finding, and we give them the chance to disagree   -Mindy Chambers

 

According to tax code, gold, silver and precious metals receive special treatment - the IRS views them as "collectibles" rather than capital assets. They don't qualify for the maximum 15% tax rate on long-term capital gains. Bob Carlson for Barron's reports that gains on the sale of gold and silver investments, including gold- and silver-backed ETFs, and gold bullion and coins (except certain U.S.-issued coins), are taxed at a maximum rate of 28% when such investments have been held for more than a year