The hedge-fund-of-funds sector in Europe may lose three-quarters of its assets, compared with the beginning of 2008.
A BNY Mellon unit bought two firms: one focused on domestic Australian equities and the other on emerging markets equities and global fixed income.
As Valentine’s Day approaches, Cupid’s arrow may snag that special partner, but be sure it doesn’t snag some financial troubles in the process.
Client interest in establishing spendthrift trusts for beneficiaries is picking up steam, partly due to the fact that wealthy clients are becoming more risk-averse, according to financial advisers.
States that have Section 529 college savings plans and the financial services companies that manage them are working overtime to make sure that advisers — who account for about 80% of their sales — remain interested in the product during the recession.
The rising volatility of oil prices, coupled with the economic downturn, is providing something of a boost to railroad stocks.
Broker-dealer firms are worried about increased audit costs in the wake of the Bernard Madoff scandal.
Private-equity investors appear to be leading the pack of likely buyers for the three broker-dealers in the AIG Advisor Group, which houses 6,571 representatives, according to a number of industry sources.
Enrollment in prepaid-college-tuition programs has soared since the financial crisis began last fall.
Mary Jo Hudson, director of the Ohio Department of Insurance, yesterday adopted three accounting rule changes that would grant insurers based there some reserve relief.
The Hartford (Conn.) Financial Services Group Inc. limped through the fourth quarter of 2008, racking up a net loss of $806 million.
TD Ameritrade Holding Corp. is close to reaching a settlement with the Securities and Exchange Commission over the sale of auction rate securities
Dividends of companies in the S&P 500 stock index this year are expected to see their sharpest annual decline since World War II, New York-based S&P said today.
The United States shed 598,000 jobs in January and the unemployment rate rose to 7.6% from 7.2%.
Wachovia Securities reached a settlement with the SEC in which it agreed to pay investors more than $7 billion to buy back failed auction rate securities.
New claims for jobless benefits rose to a 26-year high last week, signaling that the U.S. economy remains stuck in a deep recession.
New orders for manufactured goods fell 3.9% in December, marking the fifth consecutive month of declines.
After forecasting dismal 2008 results, Swiss Reinsurance Group has announced that it will receive a capital infusion from billionaire Warren E. Buffett.
A survey of 506 registered investment advisers finds half their new assets are coming from wirehouses and other broker-dealers.
