Standard and Poor's today downgraded The Phoenix Cos Inc.'s counterparty credit rating to triple-C+ from B-.
The Independent Insurance Agents & Brokers of New York Inc. will proceed with legal action to try to stop a New York Insurance Department producer compensation regulation from taking effect, the DeWitt, N.Y.-based group announced Wednesday.
iShares today launched a suite of municipal bond exchange-traded funds with a planned end date. The feature allows investors to obtain targeted exposure to the municipal yield curve.
Lincoln National Corp. announced today that it has opened a new Los Angeles office to help it sell more Lincoln Financial Group life insurance products to small-business owners and high-net-worth individuals on the West Coast.
The New York State Insurance Department released its final producer compensation disclosure regulation Tuesday.
Investment manager BlackRock said Tuesday that it bought Helix Financial Group LLC, a commercial real estate advisory firm, for an undisclosed amount.
The Charles Schwab Corp. today announced the launch of six new managed portfolios of exchange-traded funds available through a fee-based portfolio advisory program.
The founder of the No-Load Mutual Fund Association — now The Mutual Fund Education Alliance — hopes to announce the creation of a new organization representing exchange-traded funds next month.
California's insurance commissioner said Tuesday he will push insurance companies doing business in California to divest up to $12 billion in indirect investments in Iran's defense, nuclear, energy and banking industries.
A billionaire hedge fund manager charged in a $25 million insider trading case now faces a lawsuit saying he helped finance Sri Lankan militants notorious for suicide bombings.
More asset managers are getting out of the money market fund business because the regulatory and market environment often makes offering such funds unprofitable.
After more than five years of solid performance, including a run in 2009 that saw assets more than double to nearly $1 billion, the TFS Market Neutral Fund (TFSMX) is introducing a “hard close” and will stop taking any investments on Jan. 22.
Two mutual fund acquisitions were announced today, one involving a fund group with $6 billion in assets that has changed hands several times over the last few years.
Jeffrey Gundlach said his “inappropriate termination” by TCW Asset Management will simply give him and his mortgage-backed securities team an opportunity to create an even stronger investment organization to serve investors
The catastrophe bond market is poised for an active fourth quarter as several factors combine to boost the insurance-linked-securities sector, according to experts and observers
Real estate money managers are joining private-equity firms in the line to buy failed banks.
Aon Corp.said today its first-quarter profit jumped 28% as the insurance broker was able to slash costs, more than offsetting a slight decline in revenue.
Washington in general — and President Barack Obama in particular — is getting in the way of the stock market rally, according to Uri Landesman, head of global growth at ING Investment Management Americas.
After enjoying the “beta rally” of 2009, investors should view 2010 as more of a defensive play, according to Gary Stroik, chief investment officer at WBI Investments.
