Fidelity Investments experienced outflows in its long-term mutual funds in October — the first time the fund behemoth has seen net outflows in months.
Earlier today, Robert Benmosche, CEO of AIG, sent a memo to employees at the insurance company addressing speculation about his potential departure. The text of his memo is below:
State insurance regulators yesterday voted in favor of using a new method to evaluate residential mortgage-backed securities that would allow them to reduce the capital requirements related to these investments.
Like the proverbial canary in the coal mine, assets of the largest managers of real estate investment trusts were first to feel the shock wave of volatile world markets.
The real estate boom and bust is hanging over many independent broker-dealers and their financial advisers as the market for non-traded REITs soured this year.
Commercial real estate is now a bargain, and the widely expected drop in commercial property values may not occur, according to a well-known real estate analyst.
iShares, a unit of Barclays Global Investors, today launched an emerging-markets exchange-traded fund: the iShares MSCI Emerging Markets Eastern Europe Index Fund (ESR).
Despite troubling signs that investors aren't sold on new real estate investment trusts that plan to purchase distressed-mortgage assets — in many cases with the help of government financing — mutual fund managers still intend to take a close look at them.
The stock market's nose dive beginning last fall effectively redefined small-cap stocks, which provided at least a temporary advantage to smaller money managers and individual investors over many of the asset management behemoths.
Marathon Asset Management LP has completed an initial closing of an investment fund established under the Public-Private Investment Program, the Department of the Treasury announced today.
A growing demand for commodities in emerging and developing markets requires a new way of analyzing commodity investment strategies, according to Thomas Samuelson, chief investment officer at Advanced Equities Asset Management.
Swiss Reinsurance Co. Ltd. today issued a $150 million natural-catastrophe bond using the capital markets to protect itself from natural disasters.
Annuities coupled with long-term-care benefits could make a splash next year if the IRS and insurers can hammer out a tax kink that threatens to dull the appeal of the new hybrid.
There is no longer any question that mutual funds have proved their value to more than 90 million Americans who have invested almost $10 trillion in funds for a variety of reasons.
Wal-Mart Stores Inc. has introduced custom target date funds to its more than 1 million 401(k) participants, following an unusual selection process.
Interest rates on six-month Treasurys hit their lowest level on record and three-month bills their lowest point in 11 months in Monday's auction of T-bills.
These days, money market funds are investing only the safest securities.
MBIA Insurance Corp. will reinsure a $184 billion portfolio of bonds previously backed by the troubled Financial Guaranty Insurance Co.
SEC has unanimously approved a proposal that would require mutual funds to use computer tags to label key information about fees, performance and strategies.
John Brown told Bloomberg that the insurer would either divide its guarantee business into two entities or raise capital.
