Calpers’ exit sends hedge funds warning

Rules of engagement between public opinion and funds are shifting

Funds and ETFs magnify EM volatility

Large price swings can be driven by small shifts in sentiment

Shale investing: sweet spot or sink hole?

The quest for black gold can lead to a lot of fool’s gold

Tax inversion makes a tempting M&A bet

Proposed legislation is not slowing the tide of US ‘tax deserters’

Watch for companies splashing cash

They are underperformers, in company with cash hoarders

Ditch the hokum on asset diversification

Investment professionals are working in the dark

Abenomics’ arrows fail to hit their mark

The limits of a weaker yen are becoming more obvious

M&A boom must evolve to create growth

Expansion in labour and investment must be the aim of mergers

Investors buy junk bond recovery more time

Defaults low and returning investors still seek high yielding assets

Sanctions must prompt a rethink on Russia

Escalation in tensions will eventually affect market valuations

Markets enter ‘Great Frustration’ phase

Economic optimism remains, but valuations are too high

Sell-off reminder of threats to stability

Correction reflected cumulative impact of multiple causes

Education no cure-all for bad decisions

Explaining how pensions work might alarm rather than empower

Preserve gains against market shakeouts

Cost of protecting profits is low considering the bumpy road ahead

New money market fund rules risk backfire

If ‘gates’ are erected the incentive to get out kicks in earlier

Long-term returns boosted by illiquidity

The less liquid a stock, the better it will perform over time

A dose of rate reality to hit markets

Treasury issuance provides best clues for rate direction

Chase sales and margin growth in Big Tech

Not all growth is equal and some tech stocks may be ‘growth traps’

Low-cost evangelism sees Vanguard thrive

Management fees at all US mutual funds are lower as a result

Low volatility is bad for ‘low-vol’ funds

Once central banks start to tighten rates, such assets may make sense