It boasts ocean views, an infamous former owner — and now a buyer willing to pay more than $8.75 million.
The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number of defaults.
AdvisorShares Investments LLC launched its first exchange-traded fund today: the actively managed AdvisorShares Dent Tactical ETF.
While Putnam Investments portfolio manager David Hilder is optimistic about the financial sector, commercial real estate and regulatory reform may hold some risk for diminished returns, he said at a press meeting yesterday in Boston.
When the real estate cycle turns, the rebound could be more rapid than many think, according to Martin Cohen, the co-chief executive of Cohen & Steers Inc.
Genworth Financial Inc. yesterday kicked off a $500 million public stock offering of its Class A shares.
The New York Insurance Department will hold a public hearing tomorrow on the marketing of life insurance and annuities, specifically focusing on suitability of sales to seniors.
Investment managers are close to making up the ground they lost in the second half of 2008 when investors pulled $251 billion out of mutual funds, according to data released today by Morningstar Inc.
Seizing on an anticipated increase in demand for alternative investments, a Greenwich, Conn.-based firm has rolled out an investible hedge-fund-tracking index that offers liquidity and transparency.
Although the economy appears to be brightening, the insurance sector in North America will remain on a negative outlook, according to a report from Standard and Poor's Ratings Services.
Many consumers see value in investing in mutual funds no matter how bad the economy is, organizers of a unique road race have found.
A year after the onset of the financial crisis, advisers remain wary of insurers' financial health when recommending products, according to the <i>InvestmentNews</i> 2009 Insurance Product Survey.
With tax reform high on the administration's agenda for next year, the life insurance industry is pushing for preferential treatment for annuities.
Treasury inflation-protected securities are the underlying investments of two managed-payout funds launched last Tuesday by Pacific Investment Management Co. LLC that are designed to provide retirees with systematic income distributions — a strategy so unique that Pimco has filed for patent protection.
The Securities and Exchange Commission hasn't provided enough proof to support its own proposal to ban second-tier securities from money market funds, the Consumer Federation of America and Fund Democracy Inc. said last week in a comment letter.
Sheryl J. Moore is mad as hell at the media, and she's not going to take it anymore.
Highly secretive Renaissance Technologies Corp., hit by performance problems and huge redemptions in its largest open hedge fund, may concede greater transparency in the strategy for large institutional investors.
Two bills aimed at protecting seniors from financial fraud were introduced in the House today, winning praise from the North American Securities Administrators Association Inc.
