Riverfront Investment Group, the asset manager founded by former investment gurus from Wachovia Securities, is launching three mutual funds.
The pullout of Goldman Sach leaves NFP in control of Institutional Life Services. So what will they do with it?
Once again, disappointing economic data caused stock markets to sag last week, with the Dow Jones Industrial Average falling 1.6% to 11,952, the S&P 500 Index declining 2.2% to 1,271 and the Nasdaq Composite dropping 3.3% to 2,644. Investors also witnessed a rebound in the US dollar, a rally in bonds and a rise in oil prices.
Brokerage executives are slamming the SEC's proposal to allow broker-dealers to set their own sales charges on mutual funds, claiming that it could create problems for both the industry and individual investors.
The Securities and Exchange Commission's proposal last week to revamp 12(b)-1 fees could have a number of unintended consequences that could hurt investors rather than help them, according to some observers.
The number of U.S. stocks in Berkshire's $51 billion stock portfolio slipped to 33 as of March 31, compared with 39 a year earlier and 37 in 2008. Here are some of the notable reductions —and eliminations— Berkshire's portfolio.
Nuveen hopes this type of arrangement is just the first of many as it hopes to subadvise more muni bond ETFs
A prominent Brooklyn rabbi has been convicted in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools.
Rebecca Parrett, who bilked Pimco and others out of $3 billion, had been on the lam since March 2009. Yesterday, she was arrested in a Mexican resort. Said a U.S. Marshal: 'For somebody who was on the run, it was pretty good.'
A former Bend police captain and his wife who have been under investigation by the FBI and IRS over their real estate dealings in Oregon and Indiana have been indicted on fraud charges.
A federal judge has upheld a $1.47 million arbitration award given last fall to former NBA star Horace Grant for losses he sustained on investments in failed Regions Morgan Keegan Select bond funds.
Traxis Partners LLC's Barton Biggs sold almost all his U.S. technology shares last week.
Legg Mason Inc.'s Bill Miller said the U.S. stock market, which has dropped 12 percent from its April high on concerns Europe's debt crisis may spread, will rise after the region's banks complete stress tests.
U.S. stocks could jump as much as 20 percent, led by technology companies, as the global economy rebounds from Europe's debt crisis, said Barton Biggs.
Morgan Keegan & Co. has been granted an administration hearing on allegations that its brokerage firm cost investors, including retirees, more than $2 billion in losses through fraudulent and reckless business practices.
Critics say plan to treat all life settlements as securities will shrink the industry – or worse; others say that's hooey
An SEC task force on Thursday recommended that life settlements be defined as 'securities,' thus making such transactions subject to federal securities laws.
It's been just over a year since Peter Kraus took over as CEO of AllianceBernstein LP.
AllianceBernstein Holding LP demonstrated enough progress in some businesses last year that the company plans to add advisers in 2010 and may buy smaller complementary firms, executives said late Thursday during an earnings conference call.
In his early 60s and at the doorstep of retirement, Robert Neiswanger was considering long-term-care insurance. He acknowledged that the coverage made sense, but he couldn't come to terms with paying for something he might never need.