Fannie Mae posted a large third-quarter loss, while the profit at GLG Partners LP fell.
SEC enforcement settlements are projected to reach a three-year high in 2008, according to a study issued today by Nera Economic Consulting.
Advisers, hungry for market information in this troubled environment, are turning to asset managers for help.
Carriers may be going through their own tumult, but that hasn't stopped clients from seeking life insurance coverage, according to agents and advisers.
Choppy markets highlight the importance of owning dividend-paying investments that can smooth out volatility.
It is all about valuation and company fundamentals for fund manager Michael Cuggino as he rummages through the battered markets looking for investment bargains.
One of the bright spots in an otherwise difficult year for the Section 529 college savings plan industry has been the aggressive efforts of Alexi Giannoulias, Illinois' dynamic young state treasurer, to boost the visibility of college savings both in his home state and across the country.
Insurance companies and distributors face major changes for risk management and product development as variable annuities and their guarantees pressure insurers' risk-based capital, industry experts said.
Financial advisers are worried that if more employers eliminate 401(k) matches, it will cause already cash-strapped and worried clients to reduce or halt their contributions.
As asset managers position themselves for 2009, the steady stream of pink slips that started to flow last month is expected to continue.
