Incentive pay for traditional money management, hedge funds and private equity will fall on average 15% to 25% below 2008 levels, even with the market rebound and a stabilizing investment industry, according to a new study by compensation consultant Johnson Associates Inc.
House Republican Leader John Boehner, R-Ohio, criticized the Obama administration's decision yesterday to scrap a Bush administration rule that would have allowed investment advisers to provide advice to 401(k) plan participants.
The stock market lost ground for a third straight day as investors grew uneasy about a rising dollar and spiking demand for the safest government debt.
Signs of a subdued U.S. economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar.
Conseco Inc. said it plans to combine two insurance subsidiaries into a new entity in an attempt to save money and boost its statutory capital levels, according to a filing with the Securities and Exchange Commission.
California Insurance Commissioner Steve Poizner has reached a $500,000 settlement agreement with former Conseco Inc. unit Senior Health Insurance Company of Pennsylvania, following complaints of improper handling of claims.
A proposal by the Securities and Exchange Commission that would require advisory firms that hold custody of client assets to be audited by accountants that are inspected by the Public Company Accounting Oversight Board would cost each firm an average of $200,000, according to one new estimate.
The financial advisory industry is rallying its troops against a controversial SEC rule proposal that would subject thousands of investment advisers to surprise exams by outside auditors.
New York Life Insurance Co. is looking to acquire one or more fund companies, according to one of the company's top executives.
Could the Obama administration be following a weak-dollar strategy deliberately?
Sallie Krawcheck, head of Merrill Lynch's Global Wealth & Investment Management unit, has named a number of top executives to her new management team.
The Charles Schwab Corp's campaign to help stockbrokers become independent investment advisers has been picking up speed.
Nebraska officials say two related Omaha companies have been improperly selling unregistered investments promising as much as a 1,000 percent annual return.
Stocks slid in early trading Wednesday after a report showed housing starts dropped unexpectedly in October.
