Believing that the financial oracles may have lost their gifts, many advisers appear unwilling to tie their fortunes to the investment acumen of such big-name investors as Warren E. Buffett and Bill Miller.
On Saturday, the granddaddy of mutual funds — the Massachusetts Investors Trust Fund (MITTX) — will celebrate its 85th birthday.
Total assets in exchange traded funds fell $45 billion last month, to $451 billion, according to data released today by State Street Global Advisors of Boston.
Angelsoft.net updated its search engine and GlobalBroker.com has launched a web-based market for owners or buyers to sell or to lease commercial real estate.
China's premier is worried about its massive holdings of Treasuries and other U.S. debt, appealing to Washington to safeguard their value.
The Swiss government says it will cooperate on cases of international tax evasion, breaking with a long-standing tradition.
Five closed-end mutual funds advised by Pacific Investment Management Co. will redeem an additional $225 million in illiquid auction rate securities.
National Advisors Trust Co. said today that it was expanding the alternative-investment-custody services that it provides to advisers.
Mutual funds attracted net inflows of $44 billion during January and February, according to a report from Strategic Insight Mutual Fund Research and Consulting.
Attempts to avoid the largest municipal-bond default in U.S. history were dealt a blow this month when two Wall Street banks ended swap agreements with Jefferson County, Ala.
A fourth-quarter tumble in long term care insurance sales brought down full- year 2008 results for the product, according to data from LIMRA International Inc.
The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.
Fidelity Investments of Boston today launched three funds, including the firm’s first convertible-securities fund.
Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC.
The National Association of Insurance Commissioners has released a list of carriers that have applied for a special accounting treatment aimed at helping them raise capital and surplus.
Warning that economy will remain in dismal shape for “a while,” Blackstone Group Chief Executive Stephen Schwarzman urged people against buying real estate—even at seemingly depressed prices.
The Securities and Exchange Commission may soon take action against the broker-dealer subsidiary of The Reserve, the New York-based firm whose flagship $62 billion money market fund "broke the buck" in September.
TD Ameritrade Holding Corp. will continue waiving fees on many money market funds for the rest of its fiscal year to ensure that clients who sweep cash into the funds don’t lose their principal, the company’s chief financial officer said today.
Funds of hedge funds took it on the chin in 2008 — right along with the overall hedge fund industry, according to a survey released today.
The median sales price of single-family homes tumbled 3.5% in January, from December, and 18.9% from a year ago, according to Integrated Asset Services LLC in Denver.
