The Chicago-based private-equity and hedge fund firm posted a net loss of $37.6 million, or 52 cents a share.
Level 3 assets, which include mortgage-backed securities, make up 6.9% of Goldman's assets under management.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
Online investors who make most financial decisions without the help of an adviser are more active traders and take bigger risks than those who seek guidance, a new study found.
A new website is creating a Facebook-type social networking site to help investors check up on their financial advisers.
Competition and demand for the best asset managers are fueling a growth in subadvised funds, which are gathering assets faster than those managed internally.
As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.
Timothy Sykes, the boy wonder investor, who turned $12,415 in bar mitzvah money into $1.65 million by trading stocks, started and folded his own hedge fund. Then he wrote a book about his experiences. Now he is embarking on a new venture.
A number of top independent-contractor broker-dealers have recently reached a variety of records and milestones, from best-ever revenue to increasing revenue from fees rather than commissions.
It used to be that when Bill Miller, the vaunted value manager at Legg Mason Inc. of Baltimore, gave his view of the market, it would be hard to find folks who would disagree with him.
