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.
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.
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.
Sheryl J. Moore is mad as hell at the media, and she's not going to take it anymore.
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.
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.
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.
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.
The New York State Insurance Department is proposing a rule requiring more transparency about how the sellers of insurance products are compensated.
The Obama administration said today that a program used to guarantee as much as $3 trillion in money market mutual fund assets will end on schedule next week.
Standard & Poor's today announced that it has upgraded its open-end mutual fund research product for financial advisers and their clients.
The Hartford Financial Services Group Inc. yesterday formed Hartford Life Distributors, an entity that consolidates its distribution forces for 401(k) plans and individual products.
Autumn's first chill is yet to be felt, but a stiff breeze is blowing in the direction of the $3.5 trillion money market fund business.
A former New York Life Insurance Co. agent pleaded not guilty in a federal court in South Carolina yesterday following charges that he had swindled 35 investors out of more than $2 million over 13 years.
Fifteen big banks that dominate worldwide trading of derivatives have committed to greater transparency in a $600 trillion market that regulators say needs stricter oversight to protect the global financial system.
