The products give “windows of opportunity” to withdraw from the policy without incurring surrender charges.
The number of hedge fund launches and liquidations are off at a 25% annual rate for the second consecutive year, according to HFR.
Amidst one of the worst quarters to befall Wall Street in years, Goldman Sachs reported record earnings.
The first U.S.-listed Chinese Real Estate ETF gives investors exposure to the Chinese real restate market.
Defined contribution plan administrators may be fined $1,000 a day if they fail to disclose documents to participants.
Ground breakings for new U.S. homes decreased in November, while the number of issued building permits slid to its lowest levels in nearly 15 years.
Aon's Combined Insurance will be sold to ACE for $2.4 billion and Munich Re is buying its Sterling unit for $352 million.
Due to negative returns, investors are pulling money out of mutual funds that invest in real estate investment trusts, but financial advisers believe that now is not the time to trim holdings.
A top brokerage executive affiliated with a unit of Allianz Life Insurance Company of North America bought shares of unregistered investments created by Edward May, who was charged last month by the Securities and Exchange Commission with committing a massive $250 million fraud that victimized as many as 1,200 investors.
Tudor Investment clients have pulled more than $1 billion from its Raptor hedge fund after it fell 8.5% this year.
