A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.
State Street unit launched the SPDR S&P Emerging Markets Small Cap ETF on the New York-based American Stock Exchange.
Citigroup Inc.’s Falcon Strategies hedge fund plunged more than 75%, taking three banks with it.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
Fidelity Investments of Boston today launched a new international equity fund which involves multiple emerging markets.
To preserve their watchdog role and face down calls for change, independent mutual fund board chairmen and lead independent directors are banding together.
The Supreme Court has ruled that Kentucky can continue to tax out-of-state muni bonds, while not taxing in-state ones.
A rough start to the year has become a kind of backhanded blessing to the Oppenheimer Small & Mid Cap Value Fund (QVSCX).
The mutual fund industry should consider itself lucky if, as expected, the SEC this summer recommends placing a cap on 12(b)-1 fees some investor now pay annually via "level loads," industry experts said.
Smaller, newer hedge funds continue to outperform the big dogs, according to the research from PerTrac Financial Solutions.
Financial Research Corp. has stated that it will no longer make available firm-specific fund flow data to the general public, the media and others who have not paid to receive it.
Bob Luxenberg was trying to decide where to invest several million dollars that he had earned building technology businesses in Silicon Valley when he unearthed his latest venture.
The insurer settled with the Connecticut Attorney General’s Office following an investigation into its practices.
What would be the financial consequence if one of your clients lost his or her physical and/or mental independence?
The ETFs will seek to earn current income reflective of money market rates available to U.S. investors in the specified country or region.
The number of foreclosure filings rose to 243,353 in April, up 4% from March and up 65% from the same month a year ago.
Chet Culver, Iowa’s governor, has signed a law to discourage stranger-originated-life-insurance practices.
AIG Investments has announced an $65 million investment in Calyx Agro Ltd., making its foray into Brazilian agriculture.
"The shareholders need to absorb the significance of the company’s first-quarter losses,” said ex-chief Hank Greenberg.
