OppenheimerFunds Inc. of New York is facing a class-action involving its California Municipal Fund, which lost 41.3% last year.
Putnam Investments today announced that David Glancy has joined the firm as managing director and portfolio manager of a couple of new planned offerings.
John W. Goff, owner of the Goff Group, may face at least 20 years in prison after his conviction yon charges of mail fraud, embezzlement and filing false documents.
Find out what advisers think about leveraged ETFs and ETF providers, plus more, in this latest <i>InvestmentNews</i> ETF Survey. And get some insight into what the future holds for ETFs at The Vanguard Group.
When the SEC declared that equity index annuities are securities last year, it ignored the McCarran-Ferguson Act.
American Funds Investment Co. filed last week with the Securities and Exchange Commission to create a new money market mutual fund.
Investors in stock mutual funds added modestly to their portfolios in January, reversing seven straight months of net redemptions.
Iceland’s economic meltdown, fueled by its exposure to foreign debt, could bring the country to the brink of failure, according to research from Hennessee Group.
Poor performance by hedge funds has driven some brokerage firms to reduce services to the funds, including financing, the Wall Street Journal reported today.
While equity markets have shown little signs of rebounding, hedge fund strategies considerably improved their performance last month.
Although financial advisers generally welcome new exchange traded funds that invest in municipal bonds, some industry experts question whether they are the best way to access such an opaque market.
Mutual fund wrap accounts, sometimes seen as a retail-class underling to more sophisticated separately managed accounts, are gaining a bigger following.
Absolute-return investing is an innovative strategy because it focuses on pursuing returns while still managing risk.
The stock market may be reeling, but small fund groups are faring better than bigger ones — at least in terms of bringing in fresh cash.
Pacific Investment Management Co. LLC recently unveiled its first global bond index.
The outlook for a quick rebound in the European economy is weak.
The current market turbulence combined with some spectacular scandals has not yet jarred institutional investors from their investment strategies.
The Hartford (Conn.) Financial Services Group Inc. yesterday said that would no longer be able to participate in a federal commercial paper program.
A brutal 2008 will mean that a majority of Asian hedge funds will not charge performance fees, according to published reports.
A stringent plan to regulate hedge funds that is backed by Obama administration aide Paul Volcker won the support today of an influential Democratic senator.
