Displaying 12675 results
In-play telecom probed for release denying talks
OTTAWA — While a bidding war goes on for BCE Inc., InvestmentNews learned last Tuesday that the Montreal-based telecom giant is under investigation by Market Regulation Services Inc. for a misleading, possibly fraudulent, press release.
Industry internships target black colleges
Helping Wall Street firms to look more like the American public they serve is the idea behind a new internship program designed for students who attend historically black colleges and universities.
Forget skill; fees drive bond fund returns
PHILADELPHIA — It is a message he has delivered many times before, but industry experts said John C. Bogle’s continued assertion that bond funds on average are too expensive deserves special attention in the current market.
TIAA-CREF ups equities in lifecycles
New York-based TIAA-CREF has increased equity exposure on all seven of its lifecycle funds to 90% up from 80%, the company announced today.
Online brokerage firms rated
Firstrade Securities got the top overall score in the latest survey of online brokerage firms conducted by Consumer Reports.
Nuveen launches $900M IPO
Nuveen Investments Inc. today announced the initial public offering of the Nuveen Multi-Currency Short-Term Government Income Fund.
SEC seen shy on naked shorting
Critics of short-selling practices they deem abusive are up in arms over what they say is continued inaction by the Securities and Exchange Commission.
Mutual fund derivatives plays heighten risk
Derivatives are popping up everywhere — even in plain-vanilla bond funds — and it is making financial advisers and regulators nervous.
Canadian groups are proposing fund risk ratings
OTTAWA — Two approaches for assessing mutual fund and hedge fund risk are moving forward in Canada.
Two high-yield funds aim to help hedge risk
PHILADELPHIA — At a time when many financial advisers think that investors should stay away from high-yield bonds because they are too risky, along come two high-yield products that investors can use to hedge some of that risk.
Schwabs donor-advised-fund assets closing in on Vanguards
BOSTON — The Schwab Charitable Fund is nipping at the heels of the Vanguard Charitable Endowment Program as the nation’s second-largest donor-advised fund.
Money manager opts for ETF over fund
NEW YORK — When veteran money manager James H. Huguet decided to bring to a broader audience the large-cap approach he uses for separately managed accounts, he decided to forgo creating a conventional mutual fund.
Tech IPOs poised to make a comeback in New York
NEW YORK — Dice Holdings Inc., which operates career- and job-oriented websites, including Dice.com and JobsintheMoney .com, plans to raise $100 million through an initial public offering.
T. Rowe gets into 401(k) annuities
The mutual fund giant said that it has started offering 401(k) plans an online platform that participants can use to purchase annuities.
Multistrategy hedge funds dazzle investors
Despite being associated with one of the largest hedge fund implosions in recent memory, the multistrategy hedge fund model continues to represent the gold standard for much of the $1.2 trillion industry.
TIAA-CREF stages 529 comeback
TIAA-CREF wants to be a contender in the Section 529 college savings plan business — again.
The smallest 529 plan weighs consolidation
NEW YORK — The nation’s smallest Section 529 college savings plan — Tennessee’s BEST Savings Plan in Nashville, which has less than $40 million in assets and is managed by New York-based TIAA-CREF — soon may become the second state to transfer its 529 plan assets to a neighboring state.
Court setbacks add to Ontario commissions woes
OTTAWA — The Ontario Securities Commission is playing catch-up after a slew of embarrassing court decisions that have led to a spate of negative editorials and op-ed articles.
Niche planners target low- to moderate-income market
NEW YORK — Conventional wisdom holds that it isn’t profitable to work with the low- to moderate-income market, but financial advisers across the country are developing business models that fly in the face of that supposed truism.
Firm aims to mold brokers into uber-reps
SAN FRANCISCO — In a world of broker-dealers that are out to poach financial advisers with large books of business, Scott Householder takes a different tack that feels like tough love to his representatives.