New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.
Two leaders in the asset management world will head efforts to define best practices for hedge funds.
Merrill Lynch alumnus Kurt Peterson previously had assets under management of about $177.5 million.
Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
The Vanguard Group yesterday filed with the Securities and Exchange Commission to offer three index funds.
Assets in Asia-based mutual funds—excluding those based in Japan—hit a high of $652 billion in 2006, according to a report from Boston-based Cerulli Associates.
The hedge fund industry has joined with Habitat for Humanity of New York to raise money and help working families achieve home ownership.
Three hedge funds are set to pounce on Northern Rock, the British mortgage lender.
Morgan Stanley is in talks to purchase a 20% stake in Traxis Partners LP, a hedge fund founded by the company's former chief strategist, Barton Biggs.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
