Wall Street’s Smart-Trade Complex Booms Even as Simple Bets Win
(Bloomberg) -- Wall Street’s printing press for complex investment products is having a blockbuster year, minting fees for bankers, hedge fund managers and ETF issuers. Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearYet a slew of these newfangled strategies are struggling to wow — despite healthy demand — in a world where plain and simple bets on the S&P 500 keep winning b