The dollar rose to 1.5341 per euro, the largest gain since March 12, and advanced to 100.04 yen per dollar in trading in Japan.
The acronym RIA refers, of course, to registered investment advisers.
In the weeks following a ground-breaking Supreme Court case allowing individual 401(k) participants to sue employers, lawyers have been recommending that advisers require plan sponsors to purchase fiduciary insurance.
Advisers are generally satisfied with the dozen-plus retirement-planning software applications and calculators available to them.
Hedge funds — facing forced margin calls and investment redemptions — are selling off wide swaths of their private-equity-type investments in search of cold hard cash.
Index managers are holding steady despite the market downturn, according to a biannual survey of managers of indexed assets by InvestmentNews' sister publication Pensions & Investments.
Municipal borrowers plan to pull at least $21 billion of bonds out of auction rate securities by May 1, Bloomberg reports.
The firm is responding to criticism that ratings firms underrate municipal debt relative to corporate bonds.
One William Street Capital was founded by David Scherr, who worked for Lehman for 21 years.
