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FIXED INCOME MAY 17, 2011
Pimco, others leaping at chance to jump on yuan

Pimco and other investors are boosting holdings of yuan-denominated assets as debt crises worsen in the U.S., Europe and Japan

Janus: We are 'not a target' in insider trading probe
MUTUAL FUNDS MAY 17, 2011
Janus: We are 'not a target' in insider trading probe

Janus Capital Group Inc. has issued a statement clarifying that it isn't a target in the current insider trading probe, despite having <a href= http://www.investmentnews.com/article/20101124/FREE/101129976>received a subpoena last week as part of the investigation</a>.

MUTUAL FUNDS MAY 17, 2011
Mutual fund ties to insider probe may exacerbate withdrawals

Mutual funds' ties to so-called expert networks that have been probed as part of an insider trading investigation may undermine efforts by the industry to stem three years of client withdrawals from stock funds.

Friend of Rahm: PFM Group buys rival from new Chicago finance chief
RIA NEWS MAY 16, 2011
Friend of Rahm: PFM Group buys rival from new Chicago finance chief

PFM Group, owner of the largest investment adviser in the U.S. municipal bond market, bought a smaller competitor co-owned by Lois Scott, Chicago Mayor Rahm Emanuel's new chief financial officer.

MUTUAL FUNDS MAY 16, 2011
Money funds' NAV should float: FDIC head

Federal Deposit Insurance Corp. Chairman Sheila Bair considers money market mutual funds &#8220;destabilizing&#8221; to the financial system and thinks investors would be served just as well if share prices floated

Texas woman's investment strategy? Hit the state lottery -- four times
RETIREMENT PLANNING MAY 16, 2011
Texas woman's investment strategy? Hit the state lottery -- four times

Small-town resident has raked in $21M in four separate jackpots. Mathematicians put the odds of this happening at 18,000,000,000,000,000,000,000,000 to 1. That's a lot of zeros.

RETIREMENT PLANNING MAY 15, 2011
401(k) balances at record level: Survey

The average 401(k) retirement plan balance has reached the highest level since Fidelity Investments began tracking account values in 1998

Affluent are big on DIY investing, survey finds
PRACTICE MANAGEMENT MAY 11, 2011
Affluent are big on DIY investing, survey finds

A new survey reveals that four out of ten affluent investors prefer to manage their own money. Nevertheless, the web is still not seen as a threat to advisers. Why?

INcite: Obama slams GOP's 'too-big-to-tax' philosophy
RIA NEWS MAY 11, 2011
INcite: Obama slams GOP's 'too-big-to-tax' philosophy

President lambasts Republican resistance to raising rates on the wealthy

MSSB castoffs 'attractive' candidates for other firms
PRACTICE MANAGEMENT MAY 11, 2011
MSSB castoffs 'attractive' candidates for other firms

Recruiters say laid off trainees and low producers won't have trouble lining up work