Arthur J. Samberg, founder, chairman and CEO of hedge fund manager Pequot Capital Management, today told clients he will shutter the firm, close its core funds and spin out two funds into separate businesses, according to a client letter obtained by Crain's Pensions & Investments.
The government says the tally of newly laid-off people seeking jobless benefits fell last week, a sign that companies are cutting fewer workers.
Private coverage for the average individual costs an extra $370 a year because of the cost-shifting, which happens when someone without medical insurance gets care at an emergency room or elsewhere and then doesn't pay.
Pat Robertson — the controversial founder of The Christian Broadcast Network — is attempting to answer the prayers of investors who are fast losing faith in their advisers.
Fixed annuities continued to outsell their variable counterparts in the first quarter, according to data from LIMRA International Inc. of Windsor, Conn.
The Certified Financial Planner Board of Standards Inc. today announced that slightly more than half (52.3%) of the 2,063 individuals who sat for the March 20-21, 2009, CFP certification examination passed the test.
Three life and health insurers have become financially “impaired” so far this year and more carriers are expected to follow, according to a report by A.M. Best.
Treasury Secretary Tim Geithner announced Wednesday that organizations working in 33 states would receive $1.5 billion in business tax credits fueled with federal stimulus money and aimed at creating and saving jobs in areas hit hard by the economic downturn.
TIAA-CREFF again is being retained as the program manager for the Kentucky Education Savings Plan Trust 529 college savings plan.
Progressive Insurance is paying the state $120,000 and will reimburse customers after volunteering that its Web site had provided inaccurate rate comparisons.
The Vanguard Group Inc. today announced expense cuts across the lineup of investment options in The Vanguard 529 College Savings Plan, sponsored by the state of Nevada.
The International Monetary Fund has said Russia's GDP could drop as much as 6% this year — the most pessimistic outlook so far.
Investments that adhere to Islamic law have at least one advantage at the moment: hey restrict the use of leverage, according to a report from State Street Corp.
In an effort to energize the economy, stimulus checks are being mailed to millions of people. Unfortunately, thousands of the recipients are dead.
Individual retirement account owners under 59½ who take a distribution from their IRA are subject to a 10% penalty on the taxable amount of the distribution. But there are several exceptions to the penalty.
Lubos Pastor may upend the world of equity investing. In his recent academic paper “Are stocks really less volatile in the long run?” the professor at the college's Booth School of Business argues that stocks are riskier than generally perceived.
In a risk-averse environment, 130/30 has lost its cool factor, with investors shying away from the strategy after getting clobbered in the market downturn.
The Nebraska Supreme Court has ruled against a group of investors who tried to muscle a state guaranty association into paying about $1 million for the group's failed viatical investments.
Assets in broker-managed ac-counts reached the levels of traditional wrap fee accounts in the first quarter of the year, a milestone in the fee-based business at major brokerage firms.
Congress is likely to begin a review of the financial oversight system next month, with an eye toward revamping regulation. Banking, of course, will take center stage, especially now that the federal government has a direct stake in many of the nation's largest banks.
