Kenneth Feinberg isn't being paid for the long hours he's putting in as the Treasury Department's special master to determine executive compensation at companies that received bailout money, but the decisions he's making are likely to percolate throughout the financial services industry for years to come.
Here's some additional information that was provided by Fabeetle.com founder Brandon Gadoci during the reporting of this week's <a href="http://www.investmentnews.com/article/20100321/FREE/303219969" target=”_blank”>Tech Update</a> that we could not get into the story.
The Senate Banking Committee Chairman says he's working with Republican Sen. Bob Corker of Tennessee to propose legislation.
With regulators and lawmakers continuing to scrutinize the blowup of target date funds in 2008, AllianceBernstein LP is adding a component to its lineup of target date funds aimed at managing market volatility better.
State decides to go with Union Bank and Trust, instead
Money managers and financial advisers need to start looking beyond domestic equity and other traditional asset classes for risk-adjusted returns in the current market, according to Kevin Mahn, chief investment officer with Hennion & Walsh Asset Management Inc.
Invesco Ltd. is likely to keep intact most of the Morgan Stanley/Van Kampen operations <a href= http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091019/FREE/910199972/1022/ONLINENEWS >which it said last night that it will acquire for $1.5 billion</a> — although some changes to the $119 billion retail money management business it's buying are expected — Martin Flanagan, president and chief executive of Invesco, said in an interview with InvestmentNews.
The publicity surrounding the debacle of Anna Nicole Smith’s estate highlights the importance of careful estate planning, according to financial advisers, but the errors she made are quite common and are easily remedied.
Congress Asset Management Co. in Boston announced the acquisition of Prelude Asset Management LLC in a deal that creates a $6.4 billion money management shop.
SEC Chairman Mary Schapiro's comments on Thursday that all financial advisers who provide personalized advice should come under “meaningful” fiduciary standards has drawn heat from a group representing state securities regulators.