Seizing on an anticipated increase in demand for alternative investments, a Greenwich, Conn.-based firm has rolled out an investible hedge-fund-tracking index that offers liquidity and transparency.
Many consumers see value in investing in mutual funds no matter how bad the economy is, organizers of a unique road race have found.
Highly secretive Renaissance Technologies Corp., hit by performance problems and huge redemptions in its largest open hedge fund, may concede greater transparency in the strategy for large institutional investors.
Treasury inflation-protected securities are the underlying investments of two managed-payout funds launched last Tuesday by Pacific Investment Management Co. LLC that are designed to provide retirees with systematic income distributions — a strategy so unique that Pimco has filed for patent protection.
The Securities and Exchange Commission hasn't provided enough proof to support its own proposal to ban second-tier securities from money market funds, the Consumer Federation of America and Fund Democracy Inc. said last week in a comment letter.
Standard & Poor's today announced that it has upgraded its open-end mutual fund research product for financial advisers and their clients.
The Obama administration said today that a program used to guarantee as much as $3 trillion in money market mutual fund assets will end on schedule next week.
The Securities and Exchange Commission's proposed rule changes for money market mutual funds are not likely to have a negative impact on the $3.55 trillion industry, experts say. Still, if the SEC responds to calls to alter its proposed changes, it could wind up affecting money managers' ability to deliver yield.
Autumn's first chill is yet to be felt, but a stiff breeze is blowing in the direction of the $3.5 trillion money market fund business.
Fifteen big banks that dominate worldwide trading of derivatives have committed to greater transparency in a $600 trillion market that regulators say needs stricter oversight to protect the global financial system.
Bill Gross, managing director and co-chief investment officer at Pacific Investment Management Co., will deliver the keynote address at InvestmentNews' ETF Insights online conference for financial advisers, which will explore the latest developments in exchange-traded funds.
When it comes to leveraged and inverse ETFs, seemingly every regulator and influential brokerage firm has recently voiced the opinion that these exotic vehicles - which can double or triple the returns (or short the losses) of a market index - are inappropriate for individual investors.
Fairfield Greenwich Advisors LLC and Fairfield Greenwich Ltd. were slapped with a $500,000 fine today and ordered to pay restitution of $8 million to Massachusetts investors who placed their money into a hedge fund that was invested with convicted swindler Bernard L. Madoff.
The SEC has not provided enough proof to support its own proposal to ban second-tier securities from money market funds, Fund Democracy Inc. and the Consumer Federation of America said today in a comment letter.
Exchange-traded funds are poised to take a bite out of traditional mutual funds and are expected to grow from just over half a trillion dollars to $1 trillion before 2011, according to a soon-to-be-released report.
Hedge funds were outperformed by some of the major market indexes in August but still attracted $4.5 billion in net inflows last month — double the flows recorded in July, according to consulting firms Hennessee Group LLC and Eurekahedge Pte Ltd..
Treasury inflation-protected securities are the underlying investments of two managed-payout funds launched today by Pacific Investment Management Co. LLC that are designed to provide retirees with systematic income distributions — a strategy so unique that Pimco has filed for patent protection.
For the first time, American Funds shareholders this fall will be voting on whether to ask the boards of directors of 16 funds to institute a divestment policy against companies that do business in countries that practice genocide or tolerate crimes against humanity.
