The return this year on high-yield state and government debt is about twice that on corporate junk bonds.
News report claimed the board had talked to former Goldman exec Gary Cohn about the job.
Bank is struggling to cut spending amid regulatory fines and higher legal costs stemming from scandals.
New fund company will link manager pay and investor fees to fund performance.
Impending change benefits State Street's communications exchange-traded fund.
Millennials, low earners and the less educated were most likely to think it was appropriate to tap home equity to cover ordinary bills.
The operations for feeder funds pool client money to invest in hedge funds and private equity.
Adviser bringing financial literacy to communities of color and helping them create, grow and transfer generational wealth.
Ultrawealthy look beyond hedge funds and private equity to making direct investments in businesses.
An index of asset managers and custody banks is down almost 11% this year, and some fund companies are off more than 25%.
