Purchases minority stake in Canadian asset manager Hexavest
Facebook Inc. is close to pricing its initial public offering for at least $38 a share, according to people familiar with the matter.
Plenty of early investors mde a lot of money off FaceBook's IPO. One of the biggest winners: U2's Bono, whose PE firm invested $90M in the company in 2009. The payback? $1.5 billion. | <a href=http://www.investmentnews.com/article/20120518/BLOG06/120519928>25 largest listed companies: Where Facebook ranks</a> &raquo;
RS growth fund splits investments between companies that are promising, developing and proven; fund up 7.4% this year
Commission claims optionsXpress unit OX Trading operated as unregistered dealer; ex-CFO also named
Nontraded REIT Retail Properties went public last week. But the offering price for Retail, whose tenants include Best Buy and Wal-Mart, was below what was expected. And a reverse stock split dramatically watered down the share price. Result? Investors who bought in a decade ago at $10 now own stock worth less than three bucks.
Investment in nontraditional assets can produce solid returns and help smooth volatility, says Fortigent's Welch
Mary Schapiro insists that money-market funds need more reforming. Her most likely plan: eliminating the artificial $1 share peg. But the money fund industry is pulling out all the stops in a desperate bid to stop the SEC chairman. And sources say the fund firms may be winning the fight.
Investors can say goodbye to $1 shares of money market funds and hello to $100 or even $1,000 shares — if the SEC requires the funds to float their net asset value, according to one ICI official.
Fidelity Investments is the latest financial firm to fire a shot across the Securities and Exchange Commission's bow regarding money market funds.
Quietly, JP Morgan has built a booming stock and bond fund business; tuning in to 'Dr. Kelly'
The Vanguard Group Inc. is dramatically stepping up its efforts to court financial advisers by doubling the number of sales reps who work with advisers.
