Investing

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MUTUAL FUNDS DEC 20, 2007
Evergreen bows three mutual funds

Evergreen Investment Management has launched three new diversity equity mutual funds.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 19, 2007
Insurers prescribe broader health care

America’s Health Insurance Plans has unveiled a proposal to provide health insurance coverage to more people.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 19, 2007
VA assets grew $1.5 trillion in 4Q

That’s a 15.3% gain from the same period last year, when net assets for variable annuities were $1.3 trillion.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 19, 2007
ING announces fixed index annuities

The products give “windows of opportunity” to withdraw from the policy without incurring surrender charges.

By Bloomberg
ALTERNATIVES DEC 19, 2007
Hedge funds dying on the vine

The number of hedge fund launches and liquidations are off at a 25% annual rate for the second consecutive year, according to HFR.

By Bloomberg
ETFS DEC 18, 2007
Claymore launches China real estate ETF

The first U.S.-listed Chinese Real Estate ETF gives investors exposure to the Chinese real restate market.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 17, 2007
Aon spins off two units for $2.78 billion

Aon's Combined Insurance will be sold to ACE for $2.4 billion and Munich Re is buying its Sterling unit for $352 million.

By Bloomberg
ALTERNATIVES DEC 17, 2007
Chiefs at funds of funds take top pay

CEO and CIO were the best-compensated positions at hedge funds of funds in 2007, according to an Infovest21 survey.

By D Hampton
MUTUAL FUNDS DEC 17, 2007
Investors yank cash from REITs

Due to negative returns, investors are pulling money out of mutual funds that invest in real estate investment trusts, but financial advisers believe that now is not the time to trim holdings.

By Bloomberg
ALTERNATIVES DEC 17, 2007
Tudor clients take bite out of Raptor

Tudor Investment clients have pulled more than $1 billion from its Raptor hedge fund after it fell 8.5% this year.

By Bloomberg
ETFS DEC 17, 2007
Growth of ETFs, separates outguns that of mutual funds

While mutual funds continue to garner the lion's share of investment assets, their growth is trailing that of exchange traded assets and separately managed accounts.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 17, 2007
More states may clamp down on improper asset transfers

Elder-law attorneys are concerned that the new year will bring new rules in a number of states regarding how — and if — immediate annuities can work with Medicaid eligibility and planning.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 17, 2007
Client frame of mind plays role in purchase of annuities

The mind-set of clients presents a significant stumbling block to advisers who recommend annuities as a retirement-planning tool.

By Bloomberg
MUTUAL FUNDS DEC 17, 2007
Brokers unload on fund study findings

Brokers and other industry observers are steaming over a new study that shows that investors who buy load funds do far worse than the funds themselves.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 14, 2007
LIMRA and LOMA, together at last

The insurance trade groups will join under the umbrella of LL Global but each will keep its name.

By Bloomberg
ALTERNATIVES DEC 14, 2007
Red Kite hedge fund comes a copper

The hedge fund run by RK Capital Management of London lost 22% in November as copper prices fell.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 13, 2007
The Hartford to buy record-keeper

The Hartford announced today that it is purchasing Boston-based Sun Life Retirement Services Inc.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 13, 2007
Toran to retire as COO of Penn Mutual

A 37-year veteran of the life insurance industry, Daniel J. Toran, 59, spent 12 years with the Horsham, Pa.-based company.

By Bloomberg
ALTERNATIVES DEC 12, 2007
Greenwich November hedge index off 1.61%

Greenwich reported significantly smaller losses than the S&P 500, Dow Jones and Nasdaq indexes.

By Bloomberg
FINTECH DEC 12, 2007
The Hartford buys tech firm

The Hartford announced plans today to acquire TopNoggin, a technology firm based in Powell, Ohio.

By Bloomberg