Faced with waves of new exchange traded products, financial advisers are at a loss as to how best to put them to work, a dilemma that is leading product providers to offer more robust educational services.
If you called Daniel Sido's approach to money management robotic, he probably wouldn't mind.
The SEC has filed an injunctive action against James G. Marquez, a principal of the failed Bayou Fund.
BlackRock Inc. has hired Craig Phillips to head its financial markets advisory group, a unit of BlackRock Solutions.
The portfolio manager of Citigroup Inc.’s struggling Falcon Strategies and ASTA/MAT hedge funds, Reaz Islam, is leaving after 18 years at the company.
A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
Apollo Management LP is launching a commodities business to be headed by former Morgan Stanley executive Neal Shear.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.
State Street unit launched the SPDR S&P Emerging Markets Small Cap ETF on the New York-based American Stock Exchange.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
Citigroup Inc.’s Falcon Strategies hedge fund plunged more than 75%, taking three banks with it.
Fidelity Investments of Boston today launched a new international equity fund which involves multiple emerging markets.
To preserve their watchdog role and face down calls for change, independent mutual fund board chairmen and lead independent directors are banding together.
A rough start to the year has become a kind of backhanded blessing to the Oppenheimer Small & Mid Cap Value Fund (QVSCX).
The Supreme Court has ruled that Kentucky can continue to tax out-of-state muni bonds, while not taxing in-state ones.
The mutual fund industry should consider itself lucky if, as expected, the SEC this summer recommends placing a cap on 12(b)-1 fees some investor now pay annually via "level loads," industry experts said.
Smaller, newer hedge funds continue to outperform the big dogs, according to the research from PerTrac Financial Solutions.
Financial Research Corp. has stated that it will no longer make available firm-specific fund flow data to the general public, the media and others who have not paid to receive it.
Bob Luxenberg was trying to decide where to invest several million dollars that he had earned building technology businesses in Silicon Valley when he unearthed his latest venture.
