The Managed Funds Association, the Washington-based organization that represents the hedge fund industry, announced its support for Mary Schapiro as the new head of the Securities and Exchange Commission and Gary Gensler, who will head-up the Commodity Futures Trading Commission.
Homebuilder Lennar Corp. posted a loss in its fiscal fourth quarter that was significantly smaller than last year’s record loss, but executives at the Miami company have yet to see signs that the troubled housing industry has bottomed.
Does Mary Schapiro have the right stuff to take on the big firms? Although praise is coming in from many quarters for the nomination of the Finra chief to head up the Securities and Exchange Commission, there may be cause for concern.
More than 7% of 401(k) assets were invested in target date funds at the end of 2007 and 25% of 401(k) participants held the funds, according to an analysis released today.
President-elect Barack Obama has nominated Mary Schapiro, the chief executive of the Financial Industry Regulatory Authority Inc. of New York and Washington, as chairwoman of the Securities and Exchange Commission.
Axa SA of Paris, Massachusetts Mutual Life Insurance Co. of Springfield and Swiss Reinsurance Co., as well as other all-star companies, have also been exposed to Mr. Madoff’s alleged $50 billion Ponzi scheme.
JPMorgan Chase & Co. analyst Andrew Wessel has raised earnings estimates and price targets on several mortgage real estate investment trusts in the wake of the Fed’s latest rate cut.
Net outflows were down 63% across the mutual fund industry in November, but most money managers still bled billions in assets, according to research released last week by Morningstar Inc.
Chief executive John Mack sounds the retreat from Morgan Stanley's swashbuckling days after the firm ost $2.34 per share for the quarter ended Nov. 30.
The consumer price index, which measures the cost of living, fell by a record 1.7% in November, as gasoline and other energy prices plunged, according to a Department of Labor report.
