Consumer advocates today railed against a proposal that would change the way insurance regulators assess the amount of capital carriers hold against residential-mortgage-backed securities.
While the third quarter proved to be a big comeback month for inflows into open-ended mutual funds overall, one mutual fund behemoth continued to bleed assets, according to a report today from Morningstar Inc.
Invest Financial Corp. said today that it has hired Steve H. Dowden as president and chief executive, succeeding Lynn Niedermeier.
Mutual fund fees have no effect on shareholder returns, according to research from D. Bruce Johnsen, a professor at George Mason University School of Law.
Lionel Pincus, founder and chairman of New York-based private equity firm Warburg Pincus, has died, according to a spokesman for his longtime partner, Princess Firyal of Jordan. He was 78.
A lawyer for a Miami insurance agent says he'll plead not guilty to charges of stealing more than $14 million from premium finance companies.
The dismal recent performance by the endowment funds of several Ivy League universities has dimmed the luster of the funds' managers.
High-yield bonds have given stocks a run for investors' money this year, and a tepid U.S. economic recovery could keep institutional money flowing to that corner of the credit market, according to some market watchers.
It has gotten easier for corporations to issue bonds, but it is still mighty expensive for companies with outstanding debt that don't have a great credit rating.
William Fries will step down as co-manager of the $3.6 billion Thornburg Value Fund (TVAFX), on Jan. 1, according to a statement released today by Thornburg Investment Management Inc.
Law enforcement uses behavioral profiling to identify terrorists, and now mutual fund companies are starting to apply the methodology to financial advisers to target sales and marketing efforts more effectively.
Nearly two years after her ouster from Morgan Stanley, Zoe Cruz, the firm's former co-president, is now plotting to launch her own alternative investment shop.
Total money market mutual fund assets rose by $16.72 billion to $3.446 trillion for the week, the Investment Company Institute said Thursday.
Mutual-fund manager Franklin Resources Inc. said Thursday it ended September with 3 percent more assets under management than at the same time a year earlier.
Exchange-traded-fund assets reached an all-time high of $695 billion at the end of last month, according to data released today by State Street Global Advisors.
Hedge funds produced positive returns for the seventh consecutive month in September, with the HFRI Fund Weighted Composite index gaining 3.02% for the month, according to data from Hedge Fund Research.
Larger financial institutions shedding their asset management business accounted for the bulk of mergers-and-acquisitions activities in the third quarter, a trend that will continue in the months ahead, according to a report today from the financial-institutions group of Jefferies & Co. Inc.
A study by university researchers suggests the adage about horses not drinking even if you lead them to water is also true of mutual fund investors.
