Jesper Koll, an economist for Merrill Lynch based in Japan, has resigned from his post, published reports said.
Wealthy investors who use registered investment advisers are only indexing 3.8% of their marketable securities.
Scot Warren was appointed managing director for equity indexes at the Chicago Mercantile Exchange, according to a statement from the exchange.
Bear Stearns has joined with a group of Saudi Arabian executives to provide investment products that comply with Islamic law.
Great-West Life bought Boston-based Putnam Investments to obtain "instant recognition" in the U.S. market.
Highbridge Capital Management has hired former Goldman Sachs investment banking co-head Scott Kapnick top launch a new private equity business.
The fear of mergers-and-acquisition agreements’ going sour increasingly is being eased by insurance, according to industry experts.
WASHINGTON — The Investment Company Institute last week fought back against the life insurance industry’s attempt to get stable-value funds included as 401(k) default investment options.
NEW YORK — The Certified Financial Planner Board of Standards Inc. has adopted a revised version of its standards of professional conduct, placing a greater emphasis on the importance of fiduciary responsibility.
A retirement savings plan that covers more than 3.7 million federal workers may take a page from an increasing number of corporate 401(k) plan sponsors and institute automatic enrollment.
