Financiers Yawn As Occupy Wall Street Gains Momentum
The thousands of protesters who converged on New York's financial district Wednesday are a clear sign the Occupy Wall Street movement is gaining momentum, but folks within the industry are greeting the demonstrations with a collective yawn.
Volatility Pulls the Buy Side into Alternatives
While the popularity of alternative asset classes, ranging from equity options to currency and gold futures, has been growing for several years, participation in alternatives among asset managers and retail investors has skyrocketed this year as traders have sought to cushion their portfolios against the zigzagging stock market or, conversely, to make bets on the volatility.
Occupy Wall Street Gains Steam Without Clear Agenda
Although it remains unclear what the protesters are looking to gain from all of this, at the heart of the movement lays the widening gap between rich and poor, and the persistent joblessness that has played out since the crash of the global markets in 2008.