The market had seen little volatility in recent months, but Monday made headlines as stocks declined. Stock markets can move quickly.

Whenever the global financial markets react sharply to a news event, my first reaction is to ask who got caught on the wrong side and why.

As a nonprofit organization’s funds grow, fiscal management and oversight often come under increased scrutiny from stakeholders.

A study commissioned by Towneley Capital Management and conducted by Professor H. Nejat Seyhun, University of Michigan for 1926-1993.

A study commissioned by Towneley Capital Management and conducted by Professor H. Nejat Seyhun, University of Michigan for 1926-2004.