Total money market mutual fund assets fell by $36.22 billion to $3.090 trillion for the week, the Investment Company Institute said Thursday.
Standard & Poor's Equity Research recently upgraded its outlook for the biotechnology industry to positive from neutral.
Two life insurers are suing a trio of broker-dealers, accusing them of fraudulently selling to third parties variable annuities with lucrative death benefits on terminally ill individuals.
But assets in institutional money market funds shrank last week, says ICI
Money market funds will have to disclose on a delayed basis their fluctuating “shadow” net asset values rather than their $1-per-share value, thanks to new rules adopted today by the Securities and Exchange Commission.
With the life insurance industry recovering from a year of falling revenue, as sales of variable annuities, universal- and variable-universal life insurance all off, carriers are gearing up to make some changes.
The Minnesota Commerce Department claims that the insurer sold 541 contracts worth $28 million that weren't OK'd by state
Steep rate hikes are coming for long-term-care policies written a decade ago.
Even as long-term care costs skyrocket, many Americans have unrealistic plans for how they expect to pay for those services, according to a new survey from the Life Foundation.
New data finds that more than 2 million individual life insurance policies were sold via the Internet, direct mail and telephone.
The growth of mobile Internet usage via smart phones and tablet computers is poised to drive the next major technology cycle, according to Keith Goddard, president and chief investment officer of Capital Advisors Inc.
The nascent secondary market for annuities and their guaranteed benefits could be stunted as the result of a vote last week by state insurance regulators to allow carriers to terminate the annuity benefits if a client sells the contract.
As Congress steps up scrutiny of the credit rating industry, allegations by another former employee of Moody's Investors Service have come to light and the big rating agency is being called to account before a House panel.
The hedge fund industry's premier trade association has made regional alliances a new focus as it beefs up its lobbying effots.
With the real estate investment trust market beginning to stabilize, the time to act is now.
Fidelity Investments says it still isn't offering third-party target date funds on its adviser-sold 401(k) platform. Not all fund companies signing on to the platform understand that to be the case, however.
Did you hear? The credit crisis is officially over — at least according to the handful of hedge fund managers who have shut down their “credit crisis funds” over the past few weeks.
The hedge fund industry may be roundly celebrating 2009 as a comeback—19% returns are always exciting—but it was still a tough year to get into the business, according to a survey just released by Absolute Return + Alpha magazine.
