Money market funds usually are as boring as it gets in the investment business.
Fund boards have adopted governance practices that are thought to serve the best interests of shareholders "in advance, or in the absence, of any regulatory mandate to do so," according to a new study from Independent Directors Council.
The October loss stems from a pair of credit default swaps written by the firm’s Credit Solutions unit.
The greatest risk facing the 401(k) system is that plan service providers will be declared legal fiduciaries as a result of litigation.
Home builders’ confidence stayed at basement levels in November, due to an increased inventory of unsold homes.
The firm reported income of $53.3 million over the first nine months of the year, compared to $20.4 million a year ago.
Doug Mishkin, president and chief executive officer of Algren Associates, will head up the executive board as chairman.
Regulators have asked local banks and foreign banks’ Chinese subsidiaries to ensure that loans at year’s end do not exceed the total outstanding by Oct. 31.
Monthly capital flows to the U.S. fell by $14.7 billion in September, marking the second consecutive monthly decline.
Mutual funds might be forced to sell off lower-quality issues that carry a high rating due to insurance.
