Martin J. Sullivan, CEO of American International Group, has been ousted from the New York-based insurer.
“Invest as I say, not as I do,” is the philosophy of many fund managers, according to a study by Morningstar.
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.
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.
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.
The FPA says the rule would add confusion and conflict regarding standards of accountability to the investor.
Your Silver Bullet is creating a single standard on which members can base future software projects.
Two former hedge fund managers at the soon-to-be-defunct Bear Stearns may soon be indicted.
In a move to bolster its battered image, long-suffering Putnam Investments last week said that it is hiring industry veteran and former Fidelity Investments executive Robert L. Reynolds as its president and chief executive, effective July 1.
Supporters of simplified disclosures for variable annuities may get a boost from a proposal that state insurance regulators will soon consider.
