Despite being associated with one of the largest hedge fund implosions in recent memory, the multistrategy hedge fund model continues to represent the gold standard for much of the $1.2 trillion industry.
NEW YORK — The nation’s smallest Section 529 college savings plan — Tennessee’s BEST Savings Plan in Nashville, which has less than $40 million in assets and is managed by New York-based TIAA-CREF — soon may become the second state to transfer its 529 plan assets to a neighboring state.
IRVINE, Calif. — NASD continues to tinker with a pending variable annuity suitability rule, making a fourth proposed change in almost two years.
NEW YORK — Conventional wisdom holds that it isn’t profitable to work with the low- to moderate-income market, but financial advisers across the country are developing business models that fly in the face of that supposed truism.
A year after taking over retail at Morgan Stanley — amid much skepticism — James Gorman has made believers out of most of the firm’s troops.
With the acquisition of the parent company due to close in July, the future of the storied Dreyfus Corp. still is uncertain.
OTTAWA — The Ontario Securities Commission is playing catch-up after a slew of embarrassing court decisions that have led to a spate of negative editorials and op-ed articles.
SAN FRANCISCO — In a world of broker-dealers that are out to poach financial advisers with large books of business, Scott Householder takes a different tack that feels like tough love to his representatives.
WASHINGTON — Members of Congress are calling for investigations into alleged long-term-care-insurance abuses just as the government is set to release its latest survey, showing a 97% satisfaction rate among policy claimants.
Citigroup Inc. is in talks to purchase Old Lane LP, a hedge fund run by former Morgan Stanley executive Vikram Pandit for more than $600 million, according to a Wall Street Journal report.
