London, 14 April 2009 – Cheyne Capital Management (UK) LLP is pleased to announce the appointment of Chris Goekjian as partner and Chief Investment Officer (”CIO”) reporting to Jonathan Lourie, Chief Executive.  As CIO, Mr. Goekjian will have overall responsibility for risk management of all Cheyne funds and investment products, oversight of portfolio management [...]

He ’s refreshing to know that the 2006 session hasn ‘ t congressional étés a complete waste of time. Apparently, the security of retirement, not just the war on terror, has been a central theme in Government this year. In fact, our congressional representatives have established sweep changes in pension legislation.

Much similar to stocks, an exchange-traded fund (or ETF) is an investment medium traded on stock exchanges.
Most ETFs in the United States are structured as open-end management investment companies. However a few ETFs are structured as unit investment trusts and include some of the major ones.
ETFs are a fast growing class of assets. By improving [...]

Last week’s discussion about sell stops, whip-saws and distributions generated a lot of reader feedback. As I said, most of these issues have been covered before, but they are important and worth repeating so that new readers get the benefit as well

The WSJ reports that “ Investors Seek Inflation Haven in TIPS Funds .” Here are some highlights: Rising fears of inflation are fueling an investor rush into mutual funds and exchange-traded funds holding Treasury inflation-protected securities. So far this year, more than $17 billion has poured into funds that invest in TIPS, government-issued bonds whose principal grows with rising inflation, according to estimates from research firm Morningstar Inc.