Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
The domestic financial crisis is not yet over, and its full impact has yet to be felt, legendary investor Jean-Marie Eveillard said.
Consumer spending increased in May as the stimulus-package rebate checks increased purchasing power and inflation forced them to pay more.
Two top stock-pickers are steering clear of financial service company stocks.
Fidelity expects the emerging markets of Brazil, Russia, India and China to generate long-term growth.
They find opportunities in energy and other commodities, and even in financials.
Oil prices shot up again today on comments by the president of OPEC that they could rise to $170 a barrel and fears of a production slowdown by Libya.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
