A hedge fund manager testified that a Hollywood private detective once offered to have a movie producer killed for him.
Equity REITs posted total returns, including dividends, of 1.4%, while all REITs were down slightly at 0.42%.
As with all of the firm's funds, socially-conscious investing criteria -- including environmental, social and governance considerations — will be given priority.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
Insurance company Conseco announced a fourth-quarter earnings loss yesterday attributed to exposure to subprime loans.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
Last month, there were 791 new bond issues valued at $39 billion, according to Thompson Financial.
Where some see devastation and loss, others see opportunity.
The Charles Schwab Corp.'s largest bond fund has lost more than 80% of its assets over the past 10 months as investors have fled the mortgage-backed securities in which it invested heavily.
