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.
Financial Guaranty Insurance Co. wants to split itself into two companies.
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.
A Wells Fargo Securities analyst today speculated that Prudential Financial Inc. may target ING's U.S. retirement business as an acquisition.
Sales of fixed annuities fell during the third quarter to $21.9 billion, reflecting a decline of 21% from the year-ago period, according to data from Beacon Research.
American International Group Inc. today said it would sell its Hong Kong consumer finance unit to the China Construction Bank Asia Corp. Ltd.
An ex-Goldman Sachs adviser in Hong Kong has been barred from the financial services industry for two years after she invested almost $2 million of her client's money on derivatives contracts without approval, regulators said Thursday.
Life insurance agents' advocacy groups teamed up on Friday to ask Connecticut Senate Banking Committee Chairman Christopher Dodd, D-Conn., to reconsider a legislative provision that would require life agents to become registered investment advisers.
New York Life Insurance Co. is looking to acquire one or more fund companies, according to one of its top executives.
Fixed-income investors focused on the direction of interest rates run the risk of making big mistakes, warns portfolio manager John Fox, co-head of fixed income at Gannett Welsh & Kotler LLC.
