For as long as mutual funds have been able to sell stocks short, there have been attempts to bring more-sophisticated hedge fund strategies to the mutual fund world. But it is rare for a hedge fund to undergo a complete transformation into a mutual fund.
Dismal economic conditions are forcing Fidelity Investments to shut down a private-equity unit.
Unless reasonable standards are established for target date funds, the Department of Labor should bar them from being used as default investments in 401(k) plans, the Certified Financial Planner Board of Standards Inc. said.
When the economic recovery finally arrives, many small business owners won't try to rebuild their shrunken stock portfolios.
The 50-50 joint venture will be called the New York Portfolio Clearing. It is expected to be operational in the second quarter of 2010, once it gets necessary regulatory approvals.
Hedge funds produced some solid numbers in May, according to the latest report from Morningstar Inc. in Chicago.
When it comes to target date funds, ignorance is not bliss.
If averages are any guide, then there is good news for mutual fund investors because actively managed U.S. stock funds have outperformed the S&P 500 so far this year.
Lincoln National, which markets itself as Lincoln Financial Group, will raise about $600 million from the stock offer.
Standard and Poor’s Ratings Services today hit Massachusetts Mutual Life Insurance Co., New York Life Insurance Co. and TIAA-CREF with negative ratings actions.
Morgan Stanley is expected to introduce a new level of security for hedge fund investors, according to a report by The Wall Street Journal.
Gross domestic production declined nearly 10 percent in the first quarter and the government predict it will decline by 6 to 8 percent this year.
The Commerce Department said Tuesday that construction of new homes and apartments jumped 17.2% to a seasonally adjusted annual rate of 532,000 units.
Aquiline Capital Partners LLC has purchased Conning & Co., the research, consulting and asset management firm, from Swiss Reinsurance Co. Ltd.
The Financial Industry Regulatory Authority Inc. yesterday adjusted its variable annuity suitability rule, releasing the final version of the much-debated Rule 2821. Originally, the rule had four major components.
Goldman Sachs Asset Management, a unit of The Goldman Sachs Group Inc., has launched a fund designed to help investors take advantage of the fast-changing credit markets.
Because the insurance industry has grown to $6.3 trillion in assets under management and $1.2 trillion in annual premiums, the regulations that govern the industry need to be modernized, according to House Capital Markets Subcommittee Chairman Paul Kanjorski, D-Pa.
Hedge funds gained 5.77% in May and 10.75% for the year through May 31, according to research from BarclayHedge.
The company, which markets itself under the name Lincoln Financial Group, said it will accept as much as $950 million in capital as part of the government's $700 billion TARP program.
