Conrad de Aenlle on Muck Rack

Conrad de Aenlle Verified

Los Angeles
Freelance Financial Columnist and Feature Writer

Financial columnist and feature writer for The New York Times, Reuters and, among other organizations.

Here’s yet another reason to sell a mutual fund — When superstar bond-fund manager Bill Gross left Pimco for Janus in late September, it was the job change heard 'round the world, blamed for disrupting bond markets as money exited the Pimco funds he handled. Manager departures aren't usually as earth-shaking, but they can cause changes in fund performance and must be factored into investors' thinking.

Making Sure Retirement Savings Don’t Run Out — We are living longer, but the life expectancy of our money may have trouble keeping pace. The combination of longer retirements and more exaggerated cycles in financial markets heightens what financial advisers call longevity risk, the possibility of running out of money before running out of time.

Companies Seeing the Advantages in Spinoffs — As corporate deal makers set a record pace for mergers, some boards have been heading in the other direction. EBay and Hewlett-Packard are two recent examples of prominent companies that announced plans to spin off chunks of their businesses into separate entities.

A Loss of Altitude at the Quarter’s Close — BLACK swans - those rare, disastrous events that can derail bull markets - were thought to be lurking everywhere during the third quarter, from China to Ukraine to the Middle East - even Scotland. Yet stock indexes rose for nearly the entire period, continually setting record highs.

These mutual funds give hedge funds a run for their money — Usually you get what you pay for, but sometimes you get a lot less. A common raw deal for common investors is the so-called closet index tracker - a fund that's supposed to be actively managed and charges fees accordingly, yet has a portfolio that varies hardly at all from its benchmark index.

One Key to Exports: Liquid Gas — New methods of producing natural gas are expected to turn the United States from an importer into a large exporter in less than a decade, assuming that the gas can be exported in sufficient quantities cheaply enough to compete on world markets.

These ‘diversified’ stock funds spread your money too thin — Some funds are doomed before they invest a single dollar. Franklin Double Tax-Free Income (FPRTX) , highlighted here last month, was designed in a way that forced the managers to own a limited number of securities whose price movements were bound to be highly correlated: municipal bonds issued in Puerto Rico and a few other overseas American territories that are nice places to visit, but you wouldn't want to invest there.

Resurgence in Oil and Gas Sector Spurs Merger Boom — The merger boom in the energy sector shows no signs of slowing. As energy production in the United States rises substantially, pipeline and storage companies will look to expand capacity through acquisitions, industry analysts and investors forecast. "Companies are lining up to take advantage of this production-growth story," said Quinn Kiley, a manager of energy infrastructure investment portfolios for Advisory Research Inc.

The Signals From the High-Yield Bond Market — There's a saying on Wall Street that the bond market is smarter than the stock market. The idea is that bond traders are professionals who are especially sensitive to changes in economic and financial conditions and adept at weighing risk and reward prospects.

Your money is at risk when mutual funds aren’t diversified — LONG BEACH, Calif. (MarketWatch) - We buy mutual funds because the people running them are supposed to be smarter than us. At least they should be sufficiently astute and disciplined to avoid the mistakes that ordinary investors are prone to make, like taking excessive risk to obtain higher returns and failing to diversify adequately.
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Oct 29, 2014

Barclays Capital: "’s statement changes do not change our view that the FOMC will be raising rates in June 2015."

Oct 27, 2014

Terrific, beautifully written profile of Elon Musk and his efforts to establish a colony on Mars.…

Oct 22, 2014

People aren't buying, just borrowing more on what they own RT @zerohedge: Mortgage purchase applications down 4.8%, Mortgage refis up 23.3%

Oct 15, 2014

Or not so surprised MT @abnormalreturns: You may be surprised how often the stock market is in a correction. $STUDY

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