The bank won’t be part of the underwriting syndicate for transaction after state Comptroller Glenn Hegar included UBS on list of firms he deems “boycott” the fossil-fuel industry.
The firm was fined $210,000 for falling short on its supervision of short-term mutual fund trades, the regulator said.
The active fund will be subadvised by Ninety One North America and will hold about 25 global 'environmental companies' in its portfolio.
The Biden administration's plan to cancel billions in student debt could drive inflation even higher.
The inflation pressures that have emerged make it challenging to invest in fixed income, but there are possible solutions.
The billionaire founder of Tiger Management became one of his generation's most successful hedge fund managers and a mentor to a wave of investors known as Tiger Cubs.
An academic study finds retail stock trades are getting done at significantly different prices, depending on the brokerage.
Total U.S. annuity sales rose 16% to $79.4 billion in the second quarter, nearly the exact opposite of the S&P 500's return.
The fintech has purchased UBS Fund Advisor, the wirehouse’s legacy proprietary U.S. alternative investment manager and feeder fund platform that represents $7 billion in client assets.
The brokerage firm's in-house energy fund, Energy 11 L.P., reports $45 million in 'unpaid distributions' to investors.
The insurer will pay almost $21.6 million to consumers and their beneficiaries, along with $2.2 million to the New York State Medicaid program and a $2.5 million penalty to New York state.
The world's largest ETF, the $387 billion SPDR S&P 500 Trust, continues to fall victim to the trend as money managers gravitate to its lower-cost clone.
The asset manager said requiring new disclosures for funds that just consider ESG criteria among many other factors could muddle the situation.
The QDIA combines a target-date fund for younger individuals and Stadion’s StoryLine managed account service for participants aged 50 and older.
The wirehouse is also adding additional automation to its Shareworks and Equity Edge Online platforms.
William Galvin announced a 'sweep' of firms offering the new ETFs, which he compared to gambling at a casino.
The investing giant will offer two ETFs tied to indexes that track large corporates and small- to medium-sized businesses in both Europe and the US.
Private equity investors have flooded the wealth management industry; now, it's a hedge fund's turn.
Regulator says rep defrauded clients by saying variable annuities were commission free.
Decades after coining the term 'exchange-traded fund,' the firm plans to offer four socially conscious funds under the Calvert label.
