“I wouldn’t invest in U.S. assets today, but I would buy U.S. paper,” said Sam Zell, chairman of several REITS.
“This is probably one of the most exciting times [for REITs],” said Marty Cohen, co-chairman and co-CEO of Cohen & Steers.
Among 18 mutual fund companies studied, the average firm posted an pre-tax profit margin of 33%.
Pimco RealRetirement Funds is meant to help retirees stay ahead of inflation by maximizing their purchasing power.
Life Insurance Strategies arranges premium financing of large policies for high-net-worth clients.
A hedge fund manager testified that a Hollywood private detective once offered to have a movie producer killed for him.
Equity REITs posted total returns, including dividends, of 1.4%, while all REITs were down slightly at 0.42%.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
Last month, there were 791 new bond issues valued at $39 billion, according to Thompson Financial.
The Charles Schwab Corp.'s largest bond fund has lost more than 80% of its assets over the past 10 months as investors have fled the mortgage-backed securities in which it invested heavily.
NAIC has revised its rules to keep life insurers from refusing coverage based on customers’ future travel.
The hedge fund has agreed to buy a 50% stake in the New York-based credit specialist fund manager Ore Hill Partners.
In a break with the previous 10 months, investors poured $3.3 billion more into domestic stock funds in February than they took out.
MetLife is bringing in its deferred income annuity as an asset allocation option in a defined contribution plan.
Vanguard announced several reassignments of portfolio managers in its fixed income and money market funds.
AIG has filed suit against ex-chief executive Maurice Greenberg and six other former directors and executives, accusing them of breaching fiduciary duty,
The firm reported that its operating earnings jumped 17% to a record level of $1.28 billion for 2007.
The London hedge fund manager projects net management fee income to grow 15% from the year-ago period.
