The Vanguard Group Inc. has restricted investments in its Primecap Core Fund to high-net-worth clients.
Although many big variable annuity writers are fading from the market, New York Life Insurance Co. has decided to jump in with a new product as a strategy to gain favor with independent broker-dealers and registered investment advisers.
New York Gov. David A. Paterson has named James J. Wrynn the state's superintendent of insurance.
Tremont Group Holdings Inc., which lost more than $3 billion in the Bernard Madoff scam, will auction off its remaining hedge fund assets in an attempt to pay its investors, The Wall Street Journal reported.
The Hartford (Conn.) Financial Services Group Inc. has named Dan Guilbert chief actuary of Hartford Life Insurance Co.
Massachusetts Mutual Life Insurance Co. made another round of job cuts this week in its Connecticut and Massachusetts offices, a spokesman said.
The Blackstone Group LP plans to sell bonds for the first time, but offered no details on how much or when.
Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday. More than 360,000 households, or one in every 355 homes, received a foreclosure-related notice.
The Securities and Exchange Commission on Tuesday filed an administrative proceeding against Axa Advisors LLC for failing to supervise a former registered representative who pleaded guilty to securities fraud in January 2008.
Moody's Investors Service today said it would keep its A3 long-term issuer rating on American International Group Inc. after the insurance company reported its first quarterly profit in nearly two years.
Although first-half revenue may be down at National Planning Holdings Inc., the independent broker-dealer network has been actively adding to its ranks of registered representatives.
Jackson National Life Insurance Co., buoyed by robust sales of annuities, saw its first-half sales and deposits reach $6.1 billion, up from $5.94 billion in the first six months of 2008.
Atticus Capital LLC, a New York-based hedge fund shop, is returning $3 billion to investors as the company founder opts out of the hedge fund business, according to a letter sent to shareholders yesterday.
Balances in health savings accounts increased slightly in the first quarter from fourth-quarter-2008 levels, according to data from Canopy Financial Inc.
Vanguard today filed a registration statement with the Securities and Exchange Commission to offer seven new bond index exchange traded funds in what some industry experts believe to be a direct challenge to iShares, the dominant fixed-income ETF provider.
The Municipal Securities Rulemaking Board today proposed new rules aimed at ensuring that municipal bond underwriters honor issuers' wishes to preserve retail investors' access to new bond issues < http://www.msrb.org/msrb1/whatsnew/2009-47.asp>.
Mutual life insurance companies fared better than their stockholder-owned counterparts in the recent economic tumult, according to a report from Moody's Investors Service.
Hedge funds lagged the equity markets in July, as many of these alternative asset class managers now appear to be proceeding with caution after several consecutive months of strong gains.
The residential-real-estate market, after virtually falling off a cliff from its apex of a few years ago, is being buoyed by a recent string of positive sales data.
There's good news and bad news for REITs. The bad news is that real estate stocks tend to be late-stage cyclicals, so analysts don't expect much of a rebound until next year.
