Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
Samuel Israel III, former CEO of the defunct Bayou hedge fund, was also ordered to pay $300 million in restitution.
Tomorrow is the deadline for filing income taxes, but investors are already thinking about ways to pay less next year — driving more to consider tax-managed mutual funds.
Responding to advisers who complain that the iShares brand means little to their clients, Barclays Global Investors is modifying its marketing.
As more companies begin to offer exchange traded notes, it's beginning to look like the small but growing ETN universe could one day be a competitor to mutual funds and exchange traded funds.
As Roger W. Ferguson Jr. takes the helm of TIAA-CREF today, he assumes control of a company that often frustrates financial advisers.
The era of declining mutual fund expenses is over, and in fact, the cost of investing in a fund may soon be headed back up.
The Iowa Legislature has approved a bill to ban stranger-originated life insurance practices.
The original thinking behind the development of the SmartGrowth ETF Lipper Optimal Growth Index Fund (LPGAX) was to create a viable alternative to traditional asset allocation models.
Expanding into what some industry observers see as a significant growth area, Sentinel Asset Management Inc. last week launched two funds focused on socially conscious investing.
Service providers to 401(k) plans should not be required to be fiduciaries of the plans, the Department of Labor is being told.
Headstart Advisers and its chief investment adviser, Najy N. Nasser, reaped $198 million in illicit profits, the SEC alleges.
Zurich Financial Services announced that it is cutting 400 jobs at its North American business insurance unit.
Invesco PowerShares Capital Management also has launched an actively managed fixed-income ETF.
Baillie Gifford Overseas will be added as an adviser to its $6.9 billion Global Equity Fund and the $980 million Growth Equity Fund.
Less than 20% of American workers feel confident that they will be able to afford a comfortable retirement .
Jerry Bailey, former senior advisory director at Bear Stearns Merchant Bank, is joining Halcyon Asset Management.
Lord Abbett has lowered the front-end sales charge on three of its short-term, fixed-income mutual funds to 2.25%, from 3.25%.
The average asset-weighted expense ratio for mutual funds in 2007 was 0.90%, remaining flat from the previous year.
The Association for Advanced Life Underwriting has created a political action committee, the organization announced.
