Insurer settles with California over allegedly inappropriate fixed annuity sales.
Capital gains payouts in 2007 rose for the fourth straight year, said head Morningstar analyst Russel Kinnel.
Hedge funds in January had their worst performing month in more than five years, according Greenwich Alternative Investments.
Warren Buffett has made an offer to three large municipal bond insurers to reinsure $800 billion in municipal bonds.
Goldman Sachs has created an index for investors seeking opportunity in longevity and mortality risk.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
Credit Suisse, Marsh & McLennan and Evercore reported negative returns in the fourth quarter, while Stifel saw a 92% increase.
Legg Mason Inc. has partnered with Citibank (China) Co. Ltd. to launch mutual funds designed for retail investors in China.
Ameriprise Financial Inc. is calling 10,000 of its financial advisers to its headquarters for technology training on a grand scale.
Exchange traded funds that invest in municipal bonds are looking more attractive these days, thanks mostly to their competitive yields.
