Is the creation of a top-level suitability monitoring job by Allianz Life Insurance Company of North America a step forward in annuity marketing or a defensive position in response to a battery of lawsuits?
PHILADELPHIA — Morningstar Inc., the mutual fund research company, is backing off its long-held position that fund boards that oversee multiple funds are less effective stewards than those responsible for just a few funds.
BOSTON — Say goodbye to the Green Mountain Boy. As part of an ambitious growth strategy designed to get its mutual funds noticed by distributors, Montpelier, Vt.-based Sentinel Asset Management Inc. is retiring its decades-old icon.
The Senate opened an investigation into insurers that use suspect tactics when dealing with seniors.
The Robin Hood Foundation said it would stop investing in its donors’ and board members’ hedge funds.
The failing subprime mortgage market caused a hedge fund index to revise its performance returns.
Hedge Fund Research Inc. today introduced five new indices to track hedge fund performance in Asian markets.
Investors in Bear Stearns’ two failed hedge funds have lost their money and will probably not get it back, according to published reports.
The SEC chief wants Congress to mandate more oversight of the $2.4 trillion municipal bond market.
Global credit derivatives totals spiked 113% in 2006, but that streak is threatened by recent hedge fund disasters.
Insurance provider Assurant put its CEO and CFO on administrative leave after regulators notified the two executives that they may face civil charges.
Willis Group Holdings. today agreed to reimburse about $2.6 million to cities and counties throughout Florida.
London's Henderson Global Investors will launch a $1 billion fund focused on Asian real estate, according to a Financial Times report.
Blackstone has slammed a story saying the private equity giant is using a loophole to get millions back in taxes.
An ex-COO is suing the company, saying he was unfairly compensated in the wake of a bid-rigging scandal.
The Robin Hood Foundation is under scrutiny by Congress for investing charitable money into its donors’ and members’ hedge funds, Bloomberg reported.
Jon A. Boscia’s retirement announcement this month has nothing to do with the company’s merger prospects or its financial performance, according to the chief executive and chairman of Lincoln Financial Group.
Two legal decisions this month related to equity index annuities make clear that plaintiffs must attack specific annuity provisions or standardized marketing materials in order to show the “commonality” needed for class action certification.
PHILADELPHIA — An exchange traded fund that invests in municipal bonds is expected finally to become a reality — a prospect that excites some financial advisers.
NEW YORK — The rich are different, and so are their insurance needs, but many wealthy people may be leaving themselves unprotected, according to personal-lines-property-casualty-insurance specialists.
