Higher-quality high-yield corporate bonds are getting more attractive on a fundamental basis, according to Sabur Moini, manager of the $695 million Payden High Income Fund.
Federal prosecutors say criminal charges have been filed against 14 people, including attorneys and Wall Street professionals, in a widening $25 million insider trading case.
Lord Abbett & Co. is offering discounts to clients who open an individual retirement account by April 15.
A new regulation that would have placed more responsibility on life insurers for producers' bad annuity sales has been delayed.
FundQuest has added Fidelity Investments Life Insurance Co.'s Personal Retirement Annuity to its platform, marking the first time that the Fidelity variable annuity will be available to fee-based advisers through a managed-account provider.
The broker-dealer channel is in the cross hairs of Sun Life Financial Inc. as the company aims to bolster its ranks of variable-annuity wholesalers and reach out to broker-dealers as a new channel for life insurance sales.
Third quarter indexed annuity sales were up 11.3% from a year ago, but down from record sales levels in the second quarter of 2009.
Although Aviva USA Corp. already has an established strength in its lineup of indexed products, the insurer has its eye on the next innovation: a guarantee wrapper with a managed account or 401(k), according to chief executive Christopher J. Littlefield.
Insurance broker Willis Group Holdings said Friday Chief Financial Officer and Group Chief Operating Officer Patrick Regan will leave the company early next year to become CFO of insurer Aviva PLC.
Officials for Aviva PLC, the London-based insurer, today said it will become a listed company on the New York Stock Exchange on Oct. 20.
Christopher J. Littlefield has been named the chief executive of the insurance company Aviva USA.
WisdomtTree Investments Inc. today launched an exchange-traded fund for investors who want to maintain exposure to international stocks without losing out to a rising U.S. dollar that could eat into returns.
China has outstripped the U.S. in the amount of money raised from stock listings, underscoring the region's stronger economy and a resurgence in investment.
David Ruder, founder of the Mutual Fund Directors Forum, is retiring as its chairman but will continue as chairman emeritus of the organization.
Regardless of the hedge fund industry's hoopla, a lot of investors are paying too much for the performance they're getting, or hope to get, from alternative strategies.
High on the mutual fund industry's “to do” list is defeating legislation that would impose a $150 billion-per-year tax on securities transactions.
A Supreme Court ruling expected this year on the standards that courts use to determine when mutual fund fees are excessive, and a renewed focus by the SEC on 12(b)-1 fees, guarantee that the mutual fund industry will spend a good deal of time debating fees in 2010.
Property prices in Nairobi are soaring, and Somali pirates are getting the blame. The hike in real estate prices in the Kenyan capital has prompted a public outcry and a government investigation this month into property owned by foreigners.
RS Investments, a San Francisco-based investment management firm, launched three new fixed-income funds today to offer retail investors and financial advisers more options in a shifting economic scene.
New accounting rules and underpriced universal life insurance are just a couple of the issues keeping Joseph M. Belth up at night.
