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Hedge clauses in advisory contracts (access required)

These clauses, which have been fairly common in investment advisory agreements, are confusing to clients. They are problematic because they may cause clients to believe that they have waived a non-waivable cause of action against the adviser provided by state or federal law.

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Opining on Syracuse football, Bills’ bungling of rape investigation       

Victory-famished sports fans often plummet from feeling angry to apathetic. And that can be problematic because at least angry fans care enough to remain financially and emotionally invested in their teams. They still attend games, still buy merchandise and concessions, ...

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Giving bonds their props (access required)

Long-term investors should stay focused on long-term outcomes. Rising interest rates may bring short-term pain but allow for long-term gains. Investors with short-term spending needs may need a different approach.

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