Has hired six new external wholesalers, bringing its roster to 54, and it expects to have 60 by the end of the year.
Pimco's Bill Gross said the additional easing programs hinted at by Federal Reserve officials will push yields on longer-term Treasuries higher
Earn over $200,000? If so, President Obama's proposed cut to the municipal bond tax exemption could hit your wallet hard.
Fidelity Investments has named Jeffrey S. Feingold to run the $17.4 billion Magellan Fund, replacing Harry Lange, who oversaw a two-thirds decline in assets in what was once the largest U.S. mutual fund
White House seeks to limit interest income that can be sheltered; states, cities already lining up against proposal
Now that the National Football League's lockout is history, Putnam Investments has teamed up with the New England Patriots in a new marketing arrangement.
As sponsors of nontraded real estate investment trusts continue their full-court press on sales, some independent broker-dealers are dialing back their level of risk and have cut back, or are considering reducing, the number of REIT products they allow their representatives to sell
First, and most important, a large part of the late summer sell-off was precipitated by a growing belief that the United States and the global economy were about to enter another recession.
Apparently, hedge funds are a hit with financial advisers who run family offices
Frank A. Barbera Jr., co-portfolio manager of the Sierra Core Retirement Fund, tracks a staggering number of jobs reports and other economic indicators
Bill Gross, manager of the world's biggest mutual fund, is seeking to reassure clients that he hasn't lost his touch after he misjudged the extent of the economic slowdown, causing his Pimco Total Return Fund to trail rivals this year
Bill Gross has increased holdings of mortgage bonds in Pimco's flagship fund to the highest level since January in light of the Federal Reserve Board's announcement of plans to reinvest housing debt into the securities to drive borrowing rates lower
Bruce Berkowitz's Fairholme Capital Management will hold a 90-minute conference call with BofA CEO Brian Moynihan on Aug. 10 during which investors in the Fairholme Fund, which holds 92.6 million shares of the bank, will get to ask about its sagging share price.
Investors should buy Fannie Mae and Freddie Mac mortgage-backed securities, which have slumped in response to planned changes to the government-supported companies' refinancing rules, according to Pacific Investment Management Co. LLC
Frank A. Barbera Jr., co-portfolio manager of the Sierra Core Retirement Fund, tracks a staggering number of jobs reports and other economic indicators. They all say the same thing, he says.
Fed head criticizes rater's proposal to reveal which funds might be bailed out during market panics
UBS AG, Switzerland's biggest bank, will pay $12 million to resolve Financial Industry Regulatory Authority claims that a brokerage unit allowed millions of short-sale orders to be placed without reasonable grounds to believe that the securities could be delivered.
Junk bonds are becoming as attractive as stocks as relative yields on the debt soar to a two-year high and a U.S. recession becomes likelier, according to JPMorgan Chase & Co.
