Kensington Investment Group Inc. in Orinda, Calif., makes a strong case for being uniquely suited to manage the first open-end mutual fund focused on the development and reinforcement of a worldwide infrastructure.
With three mutual fund giants well on their way to capturing nearly 40% of all U.S. fund assets, thousands of smaller fund companies are left competing for the rest, and some even contemplate exiting the business.
Fund boards have adopted governance practices that are thought to serve the best interests of shareholders "in advance, or in the absence, of any regulatory mandate to do so," according to a new study from Independent Directors Council.
Children don't always grow up to be the responsible types we hope for. My client Anne is divorced, with a traditional individual retirement account valued at $1 million.
Money market funds usually are as boring as it gets in the investment business.
The October loss stems from a pair of credit default swaps written by the firm’s Credit Solutions unit.
Doug Mishkin, president and chief executive officer of Algren Associates, will head up the executive board as chairman.
Union Labor Life Insurance Co. today settled with the Department of Labor, paying $20 million over alleged violations of federal employee benefits law.
Mutual funds might be forced to sell off lower-quality issues that carry a high rating due to insurance.
Barclays Global Investors has launched eight new iShares international exchange traded funds.
National Financial Services has added seven insurance carriers to the company’s annuity program for B-Ds
Mr. DiDonna will lead about 150 people specializing in reinsurance, product development, actuarial services and underwriting.
Nearly 51 million U.S. households own mutual funds, representing 44% of all households.
New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
The now-defunct hedge fund claims that JPMorgan Chase & Co. hindered its efforts to avoid collapse.
And the index has increased 12.75% year-to-date, marking the best performance for the first ten months of the year since 2003.
The Chicago-based private-equity and hedge fund firm posted a net loss of $37.6 million, or 52 cents a share.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
Competition and demand for the best asset managers are fueling a growth in subadvised funds, which are gathering assets faster than those managed internally.
Timothy Sykes, the boy wonder investor, who turned $12,415 in bar mitzvah money into $1.65 million by trading stocks, started and folded his own hedge fund. Then he wrote a book about his experiences. Now he is embarking on a new venture.
