The 529 college savings plan industry will face “a period of challenge” in Washington this year, according to veteran industry consultant James Delaplane, an attorney based in the capitol.
T. Rowe Price has unveiled a web portal with tools that advisers and other firms can use to evaluate the asset manager’s mutual funds.
The troubles that hit variable annuity insurers last year will follow them into this year, further denting their financial strength, according to a report from Standard and Poor’s in New York.
“Congress should grant the SEC explicit statutory authority to regulate hedge fund advisers as investment advisers,” Colorado securities commissioner Fred Joseph said at a press conference in Washington held by the North American Securities Administrators Association Inc.
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.
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.
Even the normally upbeat Section 529 college savings plan industry is in the dumps as it grapples with the financial crisis, according to a survey released this morning by the College Savings Foundation at its annual conference in Miami Beach, Fla.
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.
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.
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.
