Efforts by money management executives to revamp their firms' compensation policies are being complicated as a revival of optimism this year has outpaced the rebound in profits, according to a report released Oct. 19 by New York-based executive recruiting giant Russell Reynolds Associates.
PIMCO is planning to build active equity management capability, possibly by lifting an existing team from a rival firm, according to sources familiar with the company.
Three men are accused of running a Ponzi scheme that scammed more than $14 million from hundreds of Haitian-American investors in South Florida and New Jersey.
After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights into the outlook for the economy.
So much for having some skin in the game. While investors typically like to see that mutual fund managers are eating a bit of their own cooking and investing in the funds they run, it turns out that the majority of fund managers actually do not have a single dollar of their personal assets in their funds.
There is no Big Deal for you right now at a Big Firm. Time to get pragmatic.
Billionaire investor Carl Icahn offered a $6 billion lifeline to struggling lender CIT Group Inc., one of America's largest lenders to small and mid-sized companies.
Barring some major corporate-earnings disappointments over the next several days, there is reason to believe that investors will continue to reward companies for anything that looks like good news, according to Uri Landesman, head of global growth at ING Investment Management Americas.
Members of Congress took to task John Hancock Life and Health Insurance Co. and the federal Office of Personnel Management in a hearing last week, blasting them for an unexpected rate hike in long-term-care insurance that would hit federal employees.
The Financial Industry Regulatory Authority Inc. is warning investors to be on the lookout for scam e-mails that promise refunds of $1.5 million to auction rate security investors.
