The ETNs are designed to track the short and leveraged performance of base metals and oil.
Martin J. Sullivan, CEO of American International Group, has been ousted from the New York-based insurer.
Two of the brokerage industry's most prominent wealth managers have dumped their wirehouse broker-dealers, instead opting to become independent registered investment advisers, with more well-known advisers perhaps soon to take the same path.
Investors, bankers and real estate investment trust executives expressed cautious optimism as they gathered in New York recently to discuss commercial real estate prospects at this year's NAREIT Investor Forum.
Infrastructure investing is the new name of the game for the Phoenix Global Utilities Fund (PGUAX), which will become the Phoenix Global Infrastructure Fund, effective Aug. 18.
The FPA says the rule would add confusion and conflict regarding standards of accountability to the investor.
Performance fees appear to deliver what they promise, at least by a little, according to a study by New York-based research firm Lipper Inc.
“Invest as I say, not as I do,” is the philosophy of many fund managers, according to a study by Morningstar.
Despite continued efforts to curtail litigation when brokers change firms, departing reps are still being sued, and some say that recent developments suggest the harassment won't stop anytime soon.
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