New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary.
Hedge funds have beaten out the major indicators in the month of June.
Runaway hedge fund manager Michael Berger, whose U.S. fund lost $400 million, was caught in Austria last week, according to published reports.
TD Ameritrade will not open its books to two hedge funds that have urged it to consider a sale or merger.
In an unexpected move, Lincoln Financial Group announced that its chairman and CEO will retire on Sept. 1.
Presidential candidate John Edwards stands behind proposed tax hikes for private-equity and hedge fund managers, the Wall Street Journal reported.
A controversial proposal to raise wealth qualifications in alternative investments is being put on hold by the SEC.
The cost of fighting money laundering has risen 58% since 2004, according to a survey by KPMG.
PHILADELPHIA — Although iPath exchange traded notes have amassed more than $2.6 billion since making their debut more than a year ago, their appeal remains a mystery to some industry experts.
Cynthia Keithley, principal of Keithley Investment Group LLC, goes to almost any length to serve her small-fry clients.
BOSTON — Fidelity Investments and American Funds lagged behind The Vanguard Group Inc. in stock and bond mutual fund sales for this year through May as investor appetite for low-cost index and exchange traded funds increased.
Forget expense ratios. Portfolio trading costs can be an even bigger drag on mutual fund performance.
Mergers between employee benefit and financial advisory firms may become common as they set their combined sights on baby boomers’ retirement assets, according to industry observers.
Old Mutual of London is planning to significantly expand its asset-management division in the U.S., according to MarketWatch.
Robert Lyon, former CEO and CIO of Institutional Capital Corp., died earlier this week at the age of 57.
An Italian judge has ordered Bank of America to stand trial in connection with the 2003 collapse of Italian dairy company Parmalat SpA.
UBS picked deputy group CEO Marcel Rohner to helm the company, replacing Peter A. Wuffli.
Braddock Financial will liquidate its $300 million hedge fund due to investor fears of subprime mortgage exposure.
A specialty insurer said that two of its employees received Wells notices from the SEC's division of enforcement.
