New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.
Two leaders in the asset management world will head efforts to define best practices for hedge funds.
The hedge fund industry has joined with Habitat for Humanity of New York to raise money and help working families achieve home ownership.
Assets in Asia-based mutual funds—excluding those based in Japan—hit a high of $652 billion in 2006, according to a report from Boston-based Cerulli Associates.
Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
The Vanguard Group yesterday filed with the Securities and Exchange Commission to offer three index funds.
Morgan Stanley is in talks to purchase a 20% stake in Traxis Partners LP, a hedge fund founded by the company's former chief strategist, Barton Biggs.
Three hedge funds are set to pounce on Northern Rock, the British mortgage lender.
Goldman Sachs Group Inc. and Kohlberg Kravis Roberts & Co. have backed out of their $8 billion buyout of audio equipment maker Harman International Industries Inc. of Washington.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
Envestnet Asset Management Inc. is bringing the PMC brand name back and giving the unit its own sales force.
After being beaten down as a result of the subprime-mortgage mess, junk bonds now look like big winners following last week’s interest rate cut by the Federal Reserve.
With growth-oriented stocks poised to make a comeback, many mutual fund companies may soon be forced to weigh the power of lessons learned from the burst of the dot-com bubble against the allure of growth.
The insurance industry wants Congress to do something about the Byzantine system of state-by-state agent licensing and oversight.
The firm, with $100 million in assets under management, focuses on introducing exchange traded funds.
Goldman's Global Alpha managers sent a letter to investors saying they would keep the fund open.
FRM, a London-based global hedge fund manager, will transition its assets to JPMorgan Hedge Fund Services.
It’s the latest chapter in whether insurers can sue participants in a municipal bond transactions for securities fraud.
NovaStar, the troubled residential lender, will give up its status as a real estate investment trust.
The regulator is probing for relationships between managers, employees, family members and public companies.
