The wild popularity of 130/30 funds notwithstanding, recent analysis of the unique long-short strategy suggests that advisers would be wise to check under the hood for a closer look at the portfolio and not just jump in to the latest marketing craze.
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
Pacific Investment Management Co. is raising fees as of Oct. 1 on the institutional share classes of several funds.
Aon Corp., the world’s largest insurance broker, will acquire Benfield Group for $1.75 billion.
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.
The New York-based firm has chosen Vanessa A. Wittman as its new finance chief and executive vice president.
Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.
The funds gained some momentum during the quarter ended June 30, but are still struggling, according to HFR.
LandCap Partners has announced plans to buy $40 million of troubled land and construction loans from Wachovia Corp.
Paul Eustace will pay more than $279 million in restitution to settle charges that he defrauded commodity pool participants.
The cost of doing business increased to a 26-year high while housing starts crumbled to a 17-year low.
There are many shades of green — and there are many varieties of green funds.
Focus and strategic ability are important skills for a financial industry leader, and Keith Hartstein, president and chief executive of the $54 billion John Hancock Funds of Boston, has found a unique way of honing these talents — by fencing.
Funds of hedge funds, after enjoying steady growth since the beginning of the decade, are now seen by some in the industry as victims of their own success.
Products that combine equity exposure, income generation and volatility protection may grow more popular among advisers, according to a retirement product executive.
MBIA Inc. and Ambac Financial Group Inc. rallied in early trading following a positive report from Standard and Poor’s.
The redemptions were triggered by an 8% drop in U.S. stock indexes in June, followed by further deterioration in July.
The number of homes receiving foreclosure notices surged to 272,171 in July, up 8% from June.
Conseco said that it plans to transfer Conseco Senior Health Insurance, its long-term care unit, to an independent trust.
