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MUTUAL FUNDS JUN 05, 2007
Mutual funds back firms on pay

Mutual funds continue to support the lion's share management-backed proposals that determine how top executives are paid, according to a new report.

WIREHOUSES JUN 05, 2007
Goldman Sachs VP joins Chicago Merc

Scot Warren was appointed managing director for equity indexes at the Chicago Mercantile Exchange, according to a statement from the exchange.

WIREHOUSES JUN 05, 2007
Top Merrill economist quits

Jesper Koll, an economist for Merrill Lynch based in Japan, has resigned from his post, published reports said.

WIREHOUSES JUN 05, 2007
Bear and Saudi execs join forces

Bear Stearns has joined with a group of Saudi Arabian executives to provide investment products that comply with Islamic law.

RETIREMENT PLANNING JUN 05, 2007
401(k) record keepers launch CIKR

An association has been formed to educate and advocate about issues relevant to 401(k) independent record keepers.

RIA NEWS JUN 05, 2007
Wealthy hold few assets in indexed funds

Wealthy investors who use registered investment advisers are only indexing 3.8% of their marketable securities.

ALTERNATIVES JUN 04, 2007
Highbridge poaches exec from Goldman

Highbridge Capital Management has hired former Goldman Sachs investment banking co-head Scott Kapnick top launch a new private equity business.

LIFE INSURANCE AND ANNUITIES JUN 04, 2007
Great-West CFO explains Putnam buy

Great-West Life bought Boston-based Putnam Investments to obtain "instant recognition" in the U.S. market.

RETIREMENT PLANNING JUN 04, 2007
Auto-enrollment eyed for federal workers

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.

LIFE INSURANCE AND ANNUITIES JUN 04, 2007
Use of insurance for M&A deals growing

The fear of mergers-and-acquisition agreements’ going sour increasingly is being eased by insurance, according to industry experts.