Standard & Poor's of New York today revised upward its fund volatility ratings on 10 U.S. offshore and European fixed-income funds.
A money-market mutual fund that notoriously "broke the buck" has set aside a $3.5 billion reserve to cover litigation costs and damages.
In their bid to buy AIG’s American International Assurance Co. Ltd., Manulife Financial Corp. and Prudential PLC may pay cash and shares to but the Asian unit.
President Obama’s proposal to raise taxes on affluent households, detailed in his budget plan today, could be a boon for tax-managed mutual funds.
The Ohio Department of Insurance has confirmed it will provide temporary reserve relief for 20 insurance companies headquartered in the state.
Sales of new single-family homes dropped more than 48% to a record low in Jan.
Thomas M. Marra, chief operating officer of The Hartford (Conn.) Financial Services Group Inc., will retire from his post July 3.
While it’s not wise to change your entire mutual fund investment strategy based on recent performance, it may be time to consider some alternatives like ETFs.
All carried-interest distributions from private-equity funds and hedge funds would be taxed as ordinary income instead of capital gains under Obama's proposed budget.
Fidelity Investments plans to increase its presence in the municipal-bond market, firm executives said in an interview.
Federal Reserve Chairman Ben Bernanke today backed the idea of creating an optional federal charter for insurance.
Congress today commenced an effort to determine whether legislation needs to be enacted to protect the retirement security of the country's aging population.
Financial advisers, already overwhelmed with frazzled clients, want more understanding from their wholesalers.
The age of long term care insurance purchasers continues to skew downward as more baby boomers buy policies.
E*Trade Financial Corp. has closed its line of four index funds with liquidations to take place no later than March 27.
Eaton Vance Corp. said Wednesday its fiscal first-quarter profit shrank by more than half.
Navy Federal Asset Management LLC today announced the launch of a new managed account platform in partnership with FundQuest Inc. of Boston.
Columbia Management Group LLC recently changed portfolio managers at 20 teams that manage more than 55 mutual funds.
Managed-futures funds, which finished 2008 as one of the best-performing alternative strategies, hit a bump in January.
