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.
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.
PHILADELPHIA — An exchange traded fund that invests in municipal bonds is expected finally to become a reality — a prospect that excites some financial advisers.
The Greenwich Global Hedge Fund Index increased 1.07% in the month of June, beating out the major market benchmarks.
WisdomTree Trust will launch a new dividend-weighted exchange traded fund tomorrow on the NYSE.
The Senate Finance Committee is scrutinizing a bill that could raise taxes paid by hedge fund managers and private equity heads.
The House Financial Services Committee heard testimony about risks hedge funds may pose to the investors and the economy.
Claymore Securities Inc. has teamed up with Zacks Investment Research to launch two exchange traded funds on the American Stock Exchange today.
ETF assets fell to $478 billion in June from $480 billion in May, according to State Street Global Advisors.
Mutual funds will now be subject to a new rule that prohibits fraud in hedge funds and other private investment pools.
Conseco Inc. will consolidate operations and sell properties as part of a plan to pare down expenses.
Hedge funds have beaten out the major indicators in the month of June.
New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary.
Runaway hedge fund manager Michael Berger, whose U.S. fund lost $400 million, was caught in Austria last week, according to published reports.
Presidential candidate John Edwards stands behind proposed tax hikes for private-equity and hedge fund managers, the Wall Street Journal reported.
TD Ameritrade will not open its books to two hedge funds that have urged it to consider a sale or merger.
The cost of fighting money laundering has risen 58% since 2004, according to a survey by KPMG.
In an unexpected move, Lincoln Financial Group announced that its chairman and CEO will retire on Sept. 1.
A controversial proposal to raise wealth qualifications in alternative investments is being put on hold by the SEC.
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.
