Invesco PowerShares Capital Management LLC has filed registration statements for two actively managed exchange traded funds focused on the non-agency prime and Alt-A residential-mortgage-backed securities markets.
Registered investment advisers who custody client assets with Charles Schwab have made a strong push into cash, the company’s chief executive, Walt Bettinger, said in a conference call with analysts today.
T. Rowe Price Group Inc. posted an 87% fourth-quarter profit drop today, as the money manager was hammered by impairment charges, fund outflows and a steep drop in assets under management.
Despite the financial crisis and plummeting markets, employees are still contributing to their 401(k) plans, an analysis from Boston-based Fidelity Investments released today showed.
Tremont Group Holdings Inc. of New York is closing its hedge fund division following $3.1 billion in losses associated with the Bernie Madoff scandal, according to the firm.
Florida hedge fund manager Arthur Nadel has come out of hiding and turned himself in yesterday to the Federal Bureau of Investigations in Tampa, Fla.
President Obama is formulating and finalizing his tax proposals as part of an overall economic recovery stimulus package and your clients have been asking how the new plan will affect them.
Securities and Exchange Commission chairwoman Mary Schapiro should end her predecessor’s policy on negotiating settlements with corporations under investigation because it weakens enforcement efforts, an influential U.S. senator said.
The push to require investment advisory firms to use independent custodians gained momentum today after members of the Senate Banking Committee and officials of the SEC endorsed the action at a hearing on the giant Ponzi scheme allegedly perpetrated by Bernard L. Madoff.
The Conference Board Consumer Confidence Index fell 0.9 points from 38.6 in December to 37.7 in January — its lowest level since the board began keeping records in 1967.
