Insurer never recovered VA business it lost after the financial crisis
Prudential will stop selling long-term care policies citing 'challenging economics.'
That's about the only upside of purchasing a share of the NFL's Green Bay Packers, whose currently for-sale stock can't re resold or traded, and according to the prospectus, does not constitute an investment. Punt.
Another large nontraded real estate investment trust has seen a sharp decline in its estimated value, with CNL Lifestyle Properties Inc. reporting on Tuesday a new estimated per share value of $7.31, a drop of 27% from its offering price.
Dai-ichi to buy up to 20% of struggling mutual fund company; 12 straight quarters of redemptions
Allegations in dropped lawsuit included misrepresentation of objectives, holdings and dividend policy
Two prominent mutual fund companies are hard at work moving beyond the specialties that made them well-known in the first place.
CEO Daniel Goodwin doesn't rule out legal action against Retail Properties of America Inc., which Inland formerly controlled.
Janus' lesser known bond funds played a big role in a Japanese life insurer's decision to buy a stake in the firm.
Some people are suggesting that municipalities consider bankruptcy as a strategy in fixing financial problems rather than a last resort, but the long term damage to cities walking away from their debt could be serious.
While any fund dubbed “absolute return” is automatically setting the bar way too high, the Causeway Global Absolute Return Fund deserves some credit for making every effort to remove market beta, which theoretically would leave investors with alpha, or absolute returns.
Fund firm plans to offer 17 active exchange-traded funds; weighed down by sagging interest in mutual funds
Dube failed to provide commission with documents on eight separate occasions, regulator claims; administrative hearing pending
