AIG has filed suit against ex-chief executive Maurice Greenberg and six other former directors and executives, accusing them of breaching fiduciary duty,
The firm reported that its operating earnings jumped 17% to a record level of $1.28 billion for 2007.
The London hedge fund manager projects net management fee income to grow 15% from the year-ago period.
PowerShares Global Nuclear Energy Portfolio is designed to track the overall performance of companies in the nuclear energy industry.
Roving reporter Aaron Siegel quizzed conference attendees on their views on finance ... and the NCAA tournament.
Annuities are from Principal Financial Group, Symetra Life Insurance and firms affiliated with MetLife Investors.
SSgA launched a new ETF that tracks Deutsche Bank’s DB Global Government ex-U.S. Inflation-Linked Bond Capped index.
Aflac's directors have released a proxy statement inviting its shareholders to vote on performance-based compensation.
Assets managed in nearly 10,000 hedge funds totaled $2.16 trillion as of Dec. 31, estimated researchers at Credit Agricole Structured Asset Management in a new report.
AMEX has launched the Bear Stearns Current Yield Fund today, touting it as the the first actively-managed ETF to hit the market.
Even as the financial services industry scurries to provide advisers with better retirement income vehicles, advisers continue to criticize the new products.
Morgan Stanley & Co. Inc. of New York is cutting its four retail divisions down to two, creating a South/West division and a Northeast/Central division.
Educating financial advisers about leveraged-index funds is one goal that Dan O'Neill embraced when he took over last month as Direxion Funds' chief executive.
Mutual funds that offer managed payouts designed to give investors a steady stream of income have caught the attention of Andrew J. "Buddy" Donohue, director of the division of investment management at the Securities and Exchange Commission.
Providers of exchange traded products are developing investments that give investors the ability to more accurately pinpoint risk.
In a period of market volatility and anxiety, a Santa Monica, Calif., investment firm is preparing to expand.
The Securities and Exchange Commission is expected to issue a proposal by summer that would cap 12(b)-1 fees that investors in Class C mutual fund shares are charged, according to the general counsel of the Investment Company Institute.
Hedge funds — facing forced margin calls and investment redemptions — are selling off wide swaths of their private-equity-type investments in search of cold hard cash.
One William Street Capital was founded by David Scherr, who worked for Lehman for 21 years.
