Affiliated Managers Group today announced that it had purchased a stake in ValueAct Capital Partners.
The firm has upped its subprime-mortgage losses to $27.2 billion, $6.3 billion more than earlier reported.
ProShare Advisors launched two short exchange traded funds that are designed to generate inverse performance compared to the markets in China and Japan.
Securities firms should accept fiduciary responsibility in advising retail clients, said Citi's Sallie Krawcheck.
Elizabeth A. Ward will handle all elements of strategic risk management and have oversight across MassMutual’s companies.
The dollar fell to historic lows against the euro on concerns that China would move reserves out of the U.S. economy.
Rydex Investments has launched six ExpressShares exchange traded funds on the American Stock Exchange today, bringing the size of its ETF family to 30.
John Hancock's new program is designed to help 401(k) plan advisers capture and retain rollover assets.
The funds include an international style-consistent growth fund and an asset allocation fund.
A bill that would protect 21 million taxpayers from paying the AMT “will not become law,” said the congressman.
