Limits sales of VA product to company's reps; Big Three getting bigger
Though the top three sellers of variable annuities extended their grip on the U.S. market through the first nine months of 2010, smaller-share players have become more aggressive in order to compete.
No strategic fit between insurer's two main units, Golub insists; sees carrier eventually being broken apart
Gundlach & Co. launching fund with load shares, a first for firm
Like a lot of firms, Russell Investment has been waiting a long time for the SEC to approve its request to launch an actively managed exchange-traded fund. Today, Russell took the bull by the horns, purchasing U.S. One -- and with it, the RIA's actively managed ETF.
Pimco's Total Return Fund, the largest mutual fund on the planet, saw its first monthly net withdrawals since 2008. Asset managers say this could be the start of something big.
Judge rules in favor of only fund firm that refused to settle class action; 'last man standing'
Roughly 76% of individuals under 61 who purchased long-term-care insurance during the first half of 2010 will pay less than $2,500 a year, according to a study released today by the American Association for Long-Term Care Insurance.
DoubleLine Capital is launching three fixed-income mutual funds, according to the company's filing with the SEC.
Ronald R. Redell left his post as president and CEO of the TCW Funds Inc. and TCW Strategic Income Fund Inc. to run the fixed-income mutual fund operation at DoubleLine LLC, according to a news release.
Jeffrey Gundlach, ousted early this month as chief investment officer of TCW, announced today he has established a strategic relationship with Oaktree Capital Management LP in which Oaktree will help his new firm, DoubleLine LLC, establish its own operational infrastructure.
Bank of America Corp. agreed to pay $137 million to settle investigations of its involvement in a conspiracy to rig bids on 88 municipal bond contracts, the U.S. Securities and Exchange Commission and Justice Department said.
High-yielding debt from U.S. states, cities drawing plenty of interest from international investors
Bill Gross, manager of the world's biggest bond fund, said developing economies such as Brazil and South Korea offer attractive investment opportunities as growth in developed markets including the U.S. has slowed.
Lost in the “noise” of the year-end soothsaying contests are some simple lessons on investing.
More settlements expected, says antitrust chief; 'stay tuned to this channel'
Stocks rose, copper and gold climbed to all-time highs and Treasuries fell after President Barack Obama agreed to extend tax cuts, offsetting concern that Europe's debt crisis will spread further.
Advisers meeting with clients on year-end strategies may be discussing a fixed income portfolio which sufficiently diversifies credit risk
An extension of the Build America Bond program was omitted from a compromise that President Barack Obama struck with congressional leaders to prolong tax cuts enacted in 2001 and 2003, White House officials said.
Forget the talk about a collapse in the municipal bond market — investors should be buying, according to a research note released last week by Municipal Market Advisors
